Guideline Value for ABI RAIL NAGAR(KR)

Abi Rail Nagar(Kr) guideline value

The current guideline value for Abi Rail Nagar(Kr) is Rs 990 per sq.ft, effective from 1 July 2024. This locality is part of Peramanoor village, under the Chengleput Joint II SRO, 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 was then reduced 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 currently stands at Rs 990 per sq.ft from the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value rose by 49%. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value. There are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO with a guideline value range from Rs 550 to Rs 2,200 per sq.ft. The median guideline value is Rs 1,100 per sq.ft, placing the 2024 figure for Abi Rail Nagar(Kr) below this median.

• Adithiya Garden: Rs 1,320 per sq.ft (2024)
• Agathiar Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Agayathiyar Street (N): Rs 661 per sq.ft (2024)
• Agayathya Garden (N): Rs 661 per sq.ft (2024)
• Alayamman Koil Street (Ward -19): Rs 550 per sq.ft (2024)
• Ambedkar Street (Ward -3): Rs 661 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 rate of Rs 990 per sq.ft, the guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, totaling Rs 89,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

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

The Chengleput Joint II Sub Registrar Office covers Abi Rail Nagar(Kr). The office is 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 Peramanoor

The guideline value is a crucial factor when buying or selling property in Peramanoor. It is used to determine the stamp duty and registration fees applicable during the registration process. Buyers and sellers should be aware that the guideline value may differ from the actual sale price, and the higher value will be used for calculating the applicable duties.

When a property is registered, the guideline value ensures that the government receives appropriate revenue from property transactions. It is essential for both parties to understand the guideline value to ensure compliance with local regulations during the sale or purchase of property.

Frequently asked questions

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

The current guideline value for 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 increased to Rs 900 per sq.ft in 2023, and is currently 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 other streets in Peramanoor with their guideline values?

Other streets in Peramanoor include Adithiya Garden at Rs 1,320 per sq.ft, Agathiar Street (Ward -7) at Rs 1,320 per sq.ft, and Agayathiyar Street (N) at Rs 661 per sq.ft, among others.

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, in the Chengalpattu registration zone.