Guideline Value for Compact Homs-Atana

Compact Homs-Atana guideline value

The current guideline value of Compact Homs-Atana is Rs 1,000 per sq.ft, effective from 1 July 2024. This property is located in Karanaithangal village, under the Sunguvarchattram SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Compact Homs-Atana has changed

Over the years, the guideline value of Compact Homs-Atana has seen several revisions. The 2024 revision sets the value at Rs 1,000 per sq.ft, which remains unchanged from the 2023 revision. Prior to that, the 2017 revision recorded a value of Rs 670 per sq.ft, indicating a significant increase of 49% from 2017 to 2023. The 2012 revision also set the value at Rs 1,000 per sq.ft, showing a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has remained stable at Rs 1,000 per sq.ft.

The register has no figures for the years 2002, 2003, and 2007 for this street. This historical context highlights the fluctuations and stability in the guideline values over time.

Guideline values in Karanaithangal

In Karanaithangal, there are 17 streets under the Sunguvarchattram SRO that carry a guideline value for 2024, ranging from Rs 471 to Rs 1,000 per sq.ft. The median value for these streets is Rs 500 per sq.ft, placing the guideline value of Compact Homs-Atana above this median.

• Compact Homes-Vasanthaa: Rs 1,000 per sq.ft (2024)
• Compact Homes-Megha: Rs 1,000 per sq.ft (2024)
• Compact Homes-Madhulika: Rs 1,000 per sq.ft (2024)
• Amman Koil Street: Rs 500 per sq.ft (2024)
• Ambethkar Street: Rs 500 per sq.ft (2024)
• JanRathinam Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Compact Homs-Atana

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty is charged at 7%, resulting in Rs 70,000, while the registration fee at 2% amounts to Rs 20,000. Therefore, the total cost for stamp duty and registration fees together is Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Compact Homs-Atana?

The Sub Registrar Office that covers Compact Homs-Atana is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Karanaithangal

The guideline value is a critical factor when buying or selling property in Karanaithangal. It serves as the basis for calculating stamp duty and registration fees, which are mandatory during the registration process. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to determine the applicable duties. This ensures that the government receives the appropriate revenue based on the value of the transaction.

Frequently asked questions

What is the current guideline value of Compact Homs-Atana?

The current guideline value of Compact Homs-Atana is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revision in 2024 maintaining the value at Rs 1,000 per sq.ft. Notably, there was a 49% increase from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2023.

Which Sub Registrar Office covers Compact Homs-Atana?

The Sunguvarchattram Sub Registrar Office covers Compact Homs-Atana, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

What is the stamp duty rate for properties in Compact Homs-Atana?

The stamp duty rate for properties in Compact Homs-Atana is 7% of the guideline value or the sale price, whichever is higher.

How many streets in Karanaithangal have a guideline value?

There are 17 streets in Karanaithangal that carry a guideline value for 2024, with values ranging from Rs 471 to Rs 1,000 per sq.ft.