Guideline Value for ABDHULKALAM NAGAR

Abdhulkalam Nagar guideline value

The current guideline value of Abdhulkalam Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024. This area is located in Ponneri village, under the Ponneri SRO, and is classified as Residential Special Type - I.

How the guideline value of Abdhulkalam Nagar has changed

The guideline value for Abdhulkalam Nagar has undergone several revisions over the years. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 700 per sq.ft, and it increased significantly to Rs 1,200 per sq.ft in the 2024 revision, marking a change of +71%.

This substantial increase reflects the current valuation trends in the area. The 2024 figure is notably above the median guideline value of Rs 700 per sq.ft for the 120 streets in Ponneri under the Ponneri SRO.

Guideline values in Ponneri

In Ponneri village, the guideline values range from Rs 201 to Rs 1,200 per sq.ft in the 2024 revision. Abdhulkalam Nagar's current guideline value is at the higher end of this spectrum.

• Abdhul Hajik Sayabu Street: Rs 700 per sq.ft (2024)
• Abdul Kalam Nagar: Rs 1,200 per sq.ft (2024)
• Aarumuga Mudaliyar Nagar Extention: Rs 600 per sq.ft (2024)
• Aaladu Road: Rs 900 per sq.ft (2024)
• Aadhivasikal Colony: Rs 700 per sq.ft (2024)
• Aadhilakshmi Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Abdhulkalam Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,200 per sq.ft, the guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, totaling Rs 1,08,000. 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 to estimate costs for your property transaction.

Which Sub Registrar Office covers Abdhulkalam Nagar?

The Sub Registrar Office that covers Abdhulkalam Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. For more information, you can find your SRO.

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

The guideline value is a crucial factor during property registration in Ponneri. It serves as a benchmark for determining the stamp duty and registration fees applicable to property transactions.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, helping to maintain transparency in real estate dealings.

Frequently asked questions

What is the current guideline value of Abdhulkalam Nagar?

The current guideline value of Abdhulkalam Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

From the 2023 revision to the 2024 revision, the guideline value increased from Rs 700 per sq.ft to Rs 1,200 per sq.ft, marking a change of +71%.

What is the land classification for Abdhulkalam Nagar?

Abdhulkalam Nagar is classified as Residential Special Type - I, indicating its designated use for residential purposes.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is the stamp duty calculated for properties in Abdhulkalam Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000.