Guideline Value for A.I.B.E.A. NAGAR

A.I.B.E.A. Nagar guideline value

The current guideline value of A.I.B.E.A. Nagar, located in Thiruvanmiyur village, is Rs 7,150 per sq.ft, effective from 1 July 2024. This area falls under the Chennai South Joint I SRO and is classified as Residential Class IV Type - I.

How the guideline value of A.I.B.E.A. Nagar has changed

The guideline value for A.I.B.E.A. Nagar has seen significant changes over the years. In 2002, the value was Rs 239 per sq.ft, which increased to Rs 287 per sq.ft in 2003. Following this, there was a substantial rise to Rs 1,300 per sq.ft in 2007, marking a 353% increase. The value then jumped to Rs 6,500 per sq.ft in 2012, reflecting a 400% increase from the previous revision. However, from 2012 to 2017, the value decreased by 33% to Rs 4,355 per sq.ft. The value rose again to Rs 6,500 per sq.ft in 2023, and most recently, it increased by 10% to the current value of Rs 7,150 per sq.ft in 2024.

Overall, the guideline value has increased by 2,892% from 2002 to 2024. There are no figures available for the revisions in the years not listed in the register for this street.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 3,520 to Rs 12,660 per sq.ft, with a median value of Rs 9,900 per sq.ft. A.I.B.E.A. Nagar's 2024 guideline value is below this median.

• A.G.S. Colony Extention: Rs 8,250 per sq.ft (2024)
• A.G.S. Colony 2nd Main Road: Rs 8,250 per sq.ft (2024)
• A.G.S. Colony 1st Main Road: Rs 8,250 per sq.ft (2024)
• A.G.S. Colony 1st 2nd & 3rd Street: Rs 8,250 per sq.ft (2024)
• Ambethkar Street: Rs 7,150 per sq.ft (2024)
• Anna Colony: Rs 9,900 per sq.ft (2024)

Stamp duty and registration fee for property in A.I.B.E.A. Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 71,50,000. The stamp duty at 7% amounts to Rs 5,00,500, and the registration fee at 2% is Rs 1,43,000, bringing the total to Rs 6,43,500. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers A.I.B.E.A. Nagar?

The A.I.B.E.A. Nagar area is covered by the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Thiruvanmiyur. It is used to determine the applicable stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling property, it is essential to be aware of the guideline value as it directly affects the financial obligations involved in the transaction. Buyers should ensure they are informed about the current guideline value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of A.I.B.E.A. Nagar?

The current guideline value of A.I.B.E.A. Nagar is Rs 7,150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 239 per sq.ft in 2002 to Rs 7,150 per sq.ft in 2024, reflecting an overall increase of 2,892% over this period.

What is the classification of land in A.I.B.E.A. Nagar?

A.I.B.E.A. Nagar is classified as Residential Class IV Type - I under the Chennai South Joint I SRO.

What are the stamp duty and registration fees for A.I.B.E.A. Nagar?

For a property valued at Rs 71,50,000, the stamp duty is Rs 5,00,500 and the registration fee is Rs 1,43,000, totaling Rs 6,43,500.

Where is the Sub Registrar Office for A.I.B.E.A. Nagar located?

The Sub Registrar Office covering A.I.B.E.A. Nagar is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035.