Guideline Value for SRI AATHILAKSHMI NAGAR (WARD -9)

Sri Aathilakshmi Nagar (Ward -9) guideline value

The current guideline value of Sri Aathilakshmi Nagar (Ward -9) is Rs 551 per sq.ft, effective from 1 July 2024. This area is located in Kadampur village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Sri Aathilakshmi Nagar (Ward -9) has changed

The guideline value for Sri Aathilakshmi Nagar has seen several revisions over the years. In 2012, the guideline value was Rs 500 per sq.ft, which then decreased to Rs 335 per sq.ft in 2017. Following this, the value increased significantly to Rs 500 per sq.ft in 2023, and further rose to Rs 551 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kadampur

Kadampur village has 44 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 385 to Rs 2,200 per sq.ft. The median value across these streets is Rs 551 per sq.ft, which is equal to the current guideline value of Sri Aathilakshmi Nagar.

• Sri Ayya Nagar (Kod): Rs 551 per sq.ft (2024)
• Skandaa Enclave: Rs 1,100 per sq.ft (2024)
• Shree Nagar Extn (Ward -9): Rs 551 per sq.ft (2024)
• Shanthi Nagar (Kod): Rs 551 per sq.ft (2024)
• Sundarapuram Kalivanthapattu (Ward -9): Rs 551 per sq.ft (2024)
• Tank Street (Ward -9): Rs 551 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Aathilakshmi Nagar (Ward -9)

For a 1,000 sq.ft plot at the current guideline value of Rs 551 per sq.ft, the total guideline value would be Rs 5,51,000. The stamp duty at 7% would amount to Rs 38,570, while the registration fee at 2% would be Rs 11,020, making the total cost for these fees Rs 49,590. Duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sri Aathilakshmi Nagar (Ward -9)?

The Sub Registrar Office that covers Sri Aathilakshmi Nagar (Ward -9) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Kadampur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the property transfer process.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate fees are collected based on the established rates. This process helps maintain transparency and consistency in property dealings in the area.

Frequently asked questions

What is the current guideline value of Sri Aathilakshmi Nagar (Ward -9)?

The current guideline value of Sri Aathilakshmi Nagar (Ward -9) is Rs 551 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then increased to Rs 500 per sq.ft in 2023, and finally to Rs 551 per sq.ft in 2024.

What is the land classification for Sri Aathilakshmi Nagar?

Sri Aathilakshmi Nagar is classified as Residential Class I Type - I.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in Sri Aathilakshmi Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property with a guideline value of Rs 5,51,000, the stamp duty at 7% would be Rs 38,570.