Guideline Value for Power Line Street

Power Line Street guideline value

The current guideline value of Power Line Street in 5. Athipattu village is Rs 2,200 per sq.ft, effective from 1 July 2024. This street falls under the Konnur Sub Registrar Office and is classified as Residential Class I Type - II.

How the guideline value of Power Line Street has changed

The guideline value for Power Line Street has seen significant changes over the years. The 2017 revision set the value at Rs 1,340 per sq.ft, which increased to Rs 2,000 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 brought the value to Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in 5. Athipattu

In 5. Athipattu, there are 119 streets under the Konnur SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 7,650 per sq.ft, with a median value of Rs 2,200 per sq.ft. Power Line Street's 2024 figure matches this median.

• Pughalendhi Salai(Chelliamman Nagar): Rs 2,200 per sq.ft (2024)
• Pillaiyar Koil Street (Cross Street): Rs 1,100 per sq.ft (2024)
• Periyar Nagar: Rs 1,100 per sq.ft (2024)
• Palaru Street: Rs 2,400 per sq.ft (2024)
• Ram Poornam Nagar -1: Rs 1,300 per sq.ft (2024)
• Ram Poornam Nagar -2: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Power Line Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000, bringing the total cost to Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Power Line Street?

The Sub Registrar Office covering Power Line Street is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 5. Athipattu

The guideline value is a crucial element in the registration process when buying or selling property in 5. Athipattu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used for calculating the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Power Line Street?

The current guideline value of Power Line Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, which is a total increase of 64% over this period.

What are the other streets in 5. Athipattu and their guideline values?

Other streets in 5. Athipattu include Pughalendhi Salai(Chelliamman Nagar) at Rs 2,200 per sq.ft, Pillaiyar Koil Street (Cross Street) and Periyar Nagar at Rs 1,100 per sq.ft, Palaru Street at Rs 2,400 per sq.ft, and Ram Poornam Nagar -1 and -2 at Rs 1,300 per sq.ft each.

What is the stamp duty rate for properties in Power Line Street?

The stamp duty rate for properties in Power Line Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Konnur Sub Registrar Office located?

The Konnur Sub Registrar Office is located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.