Guideline Value for SRI ATCHAYA NAGAR

Sri Atchaya Nagar guideline value

The current guideline value of Sri Atchaya Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This area is located in Karumpakam village, under the Walajabad Sub Registrar Office (SRO). The land classification for this region is Residential Class I Type - I.

How the guideline value of Sri Atchaya Nagar has changed

Over the years, the guideline value for Sri Atchaya Nagar has seen several revisions. The 2012 revision set the value at Rs 100 per sq.ft, which remained unchanged in the 2023 revision. However, the 2017 revision recorded a lower value of Rs 67 per sq.ft. This indicates a significant increase of 49% from 2017 to 2023. The revisions from 2002, 2003, and 2007 have no figures listed for this street in the register.

From the 2012 revision to the 2017 revision, there was a decrease of 33%. Overall, comparing the 2012 revision to the current 2024 revision, the guideline value remains unchanged at Rs 100 per sq.ft.

Guideline values in Karumpakam

Currently, there are no specific village figures available for Karumpakam. Sri Atchaya Nagar is part of this area, and there are no other streets in Karumpakam under the Walajabad SRO listed.

Stamp duty and registration fee for property in Sri Atchaya Nagar

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Atchaya Nagar?

The Walajabad Sub Registrar Office covers Sri Atchaya Nagar. The office is located at Sriperumbudur Road, Walajabad-631 605, 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 Karumpakam

The guideline value is a crucial factor in the registration process when buying or selling property in Karumpakam. It determines the minimum value at which a property can be registered, impacting the stamp duty and registration fees that need to be paid.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. Buyers and sellers should be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Sri Atchaya Nagar?

The current guideline value of Sri Atchaya Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then back to Rs 100 per sq.ft in 2023 and 2024. The changes reflect a 49% increase from 2017 to 2023.

What are the stamp duty and registration fees for property in Sri Atchaya Nagar?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would be Rs 9,000, which includes Rs 7,000 for stamp duty and Rs 2,000 for registration fees.

Which office handles registrations for Sri Atchaya Nagar?

The Walajabad Sub Registrar Office handles registrations for Sri Atchaya Nagar, located at Sriperumbudur Road, Walajabad-631 605.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum registration value of a property, which influences the stamp duty and registration fees. It ensures that properties are registered at a fair value, preventing undervaluation during transactions.