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Guideline Value

Corporate

Guideline Value for ABI RAIL NAGAR(KR)

₹990/sq.ft.

The guideline value for Abi Rail Nagar(kr) in Ninna Karai village (Chengleput Joint Ii SRO, Chengalpattu zone) is Rs 990 per sq.ft, effective 1 July 2024. It was Rs 900 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Ninna Karai

Village

Chengleput Joint II

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹990 /sq.ft.
From 1-4-2023 ₹900 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹603 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹900 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

10, Kancheepuram Main Road, Chengalpattu 603 002.
044-27422003
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Abi Rail Nagar(kr)

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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 Ninna Karai 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

The guideline value for Abi Rail Nagar(Kr) has undergone several revisions over the years. The 2012 revision set the value at Rs 900 per sq.ft, which decreased to Rs 603 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 900 per sq.ft in 2023, and then further rose to Rs 990 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Between the 2017 and 2023 revisions, there was a notable increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register does not provide figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ninna Karai

In Ninna Karai, there are 449 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 3,500 per sq.ft. The median guideline value in this area is Rs 1,100 per sq.ft, making the current value of Rs 990 per sq.ft for Abi Rail Nagar(Kr) below the median.

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, and the registration fee at 2% would be Rs 19,800, bringing the total to Rs 89,100. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more precise calculations.

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 Ninna Karai

The guideline value is a crucial factor during the registration of property transactions in Ninna Karai. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being sold or purchased.

When a buyer or seller engages in a property transaction, the guideline value is used to calculate the applicable duties. It ensures that the government receives the correct revenue based on the value of the property, which is essential for maintaining transparency in real estate transactions.

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 to Rs 900 per sq.ft in 2023, and finally to Rs 990 per sq.ft in 2024.

What is the median guideline value in Ninna Karai?

The median guideline value in Ninna Karai is Rs 1,100 per sq.ft, with Abi Rail Nagar(Kr) currently valued below this median at Rs 990 per sq.ft.

What are the stamp duty and registration fees for a property in Abi Rail Nagar(Kr)?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 9,90,000, with stamp duty at Rs 69,300 and registration fees at Rs 19,800, totaling Rs 89,100.

Which office handles the registration for Abi Rail Nagar(Kr)?

The Chengleput Joint II Sub Registrar Office handles the registration for Abi Rail Nagar(Kr), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.