Guideline Value for ABI Century Square I & II

ABI Century Square I & II guideline value

The current guideline value of ABI Century Square I & II is Rs 426 per sq.ft, effective from 1 July 2024. This property is located in Vattampakkam village under the Sunguvarchattram SRO, classified as Residential Special Type - I.

How the guideline value of ABI Century Square I & II has changed

Over the years, the guideline value for ABI Century Square I & II has seen several revisions. The 2012 revision set the value at Rs 425 per sq.ft, which then decreased to Rs 285 per sq.ft in the 2017 revision. Following this, the value increased to Rs 426 per sq.ft in both the 2023 and 2024 revisions, showing a significant increase of 49% from 2017 to 2023. Overall, from 2012 to 2024, the guideline value has remained stable at Rs 426 per sq.ft.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. The 2024 guideline value of Rs 426 per sq.ft reflects a consistent valuation since the 2023 revision.

Guideline values in Vattampakkam

In Vattampakkam, there are 33 streets under the Sunguvarchattram SRO that have a 2024 guideline value ranging from Rs 200 to Rs 1,790 per sq.ft, with a median value of Rs 250 per sq.ft. The guideline value for ABI Century Square I & II is above this median.

• Alwar ThiruNagr: Rs 500 per sq.ft (2024)
• Ambethkar 1Ist Street (colony): Rs 200 per sq.ft (2024)
• Ambethkar 1st Street (colony): Rs 200 per sq.ft (2024)
• Bajanai Kovil Street (colony): Rs 200 per sq.ft (2024)
• Ellaiamman Kovil Street: Rs 200 per sq.ft (2024)
• Gangaiamman Kovil Street (colony): Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in ABI Century Square I & II

For a 1,000 sq.ft plot at the current guideline value of Rs 426 per sq.ft, the total guideline value amounts to Rs 4,26,000. The stamp duty at 7% would be Rs 29,820, and the registration fee at 2% would be Rs 8,520, bringing the total fees to Rs 38,340. It is important to note that 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 details.

Which Sub Registrar Office covers ABI Century Square I & II?

The Sub Registrar Office that covers ABI Century Square I & II is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Vattampakkam. It serves as the minimum value for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps determine the financial obligations associated with the transaction. Buyers should be aware that the stamp duty is charged based on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value for ABI Century Square I & II?

The current guideline value for ABI Century Square I & II is Rs 426 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained stable at Rs 426 per sq.ft from 2023 to 2024. It increased by 49% from Rs 285 per sq.ft in 2017 to Rs 426 per sq.ft in 2023.

What is the land classification for ABI Century Square I & II?

ABI Century Square I & II is classified as Residential Special Type - I, which indicates its intended use for residential purposes.

Where can I find the Sub Registrar Office for ABI Century Square I & II?

The Sub Registrar Office for ABI Century Square I & II is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value of Rs 426 per sq.ft would incur a total guideline value of Rs 4,26,000.