Guideline Value for ABI RAIL NAGAR(KR)

Abi Rail Nagar(Kr) guideline value

The current guideline value of Abi Rail Nagar(Kr) is Rs 990 per sq.ft, effective from 1 July 2024. This area is located in Kattankollatur village, under the Chengleput Joint II SRO, and is classified as Residential Class I Type - II.

How the guideline value of Abi Rail Nagar(Kr) has changed

Looking at the historical revisions, the guideline value for Abi Rail Nagar(Kr) has seen several changes over the years. The 2012 revision set the value at Rs 900 per sq.ft, which remained unchanged in the 2017 revision, where it was also Rs 900 per sq.ft. However, in 2017, the value was revised down to Rs 603 per sq.ft, marking a significant decrease of 33%. The 2023 revision then increased the value to Rs 900 per sq.ft, and the most recent 2024 revision raised it further to Rs 990 per sq.ft, reflecting a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%, indicating a notable rise in the value over this period. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kattankollatur

Kattankollatur village has a total of 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value in this village is Rs 1,100 per sq.ft, which means that the current value of Rs 990 per sq.ft for Abi Rail Nagar(Kr) is below this median.

• Abi Krishna Avenue: Rs 990 per sq.ft (2024)
• Abi Santhosh Nagar Part-II: Rs 440 per sq.ft (2024)
• Abi Shanthosh Nagar: Rs 440 per sq.ft (2024)
• Adithiya Garden: Rs 1,320 per sq.ft (2024)
• Agathiar Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Agayathiyar Street (N): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Abi Rail Nagar(Kr)

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value would be Rs 9,90,000. The stamp duty at 7% would amount to Rs 69,300, while the registration fee at 2% would be Rs 19,800, bringing the total charges to Rs 89,100. It is essential to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Abi Rail Nagar(Kr)?

The Sub Registrar Office that covers Abi Rail Nagar(Kr) 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 Kattankollatur

The guideline value plays a critical role in the registration process when buying or selling property in Kattankollatur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

During the registration of a property, the guideline value is assessed to calculate the applicable fees. It is essential for both parties to understand that the stamp duty is charged on the higher of the guideline value or the sale price, which can impact the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Abi Rail Nagar(Kr)?

The current guideline value of Abi Rail Nagar(Kr) is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then back to Rs 900 per sq.ft in 2023, and finally to Rs 990 per sq.ft in 2024.

What is the land classification for Abi Rail Nagar(Kr)?

Abi Rail Nagar(Kr) is classified as Residential Class I Type - II, indicating its designation for residential use.

What are the guideline values for other streets in Kattankollatur?

Other streets in Kattankollatur have a range of guideline values, with figures from Rs 440 to Rs 3,612 per sq.ft. The median value in the village is Rs 1,100 per sq.ft.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information through the provided link.