Guideline Value for ABI SANTHOSH NAGAR PART-II

Abi Santhosh Nagar Part-II guideline value

The current guideline value of Abi Santhosh Nagar Part-II is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Kattankollatur village and falls under the Chengleput Joint II SRO. The land classification for this street is Residential Class II Type - II.

How the guideline value of Abi Santhosh Nagar Part-II has changed

Over the years, the guideline value for Abi Santhosh Nagar Part-II has seen a change from Rs 400 per sq.ft in the 2023 revision to Rs 440 per sq.ft in the 2024 revision, marking a 10% increase. The register has no figures for the revisions in 2017, 2012, 2007, 2003, and 2002, indicating that there have been no recorded changes for this street in those years.

The most recent revision in 2024 reflects an upward adjustment in the guideline value, while the previous revision in 2023 was set at Rs 400 per sq.ft. The current value of Rs 440 per sq.ft is below the median value of Rs 1,100 per sq.ft for the 453 streets in Kattankollatur under the Chengleput Joint II SRO.

Guideline values in Kattankollatur

In Kattankollatur, the guideline values vary significantly, ranging from Rs 440 to Rs 3,612 per sq.ft. The median value for the area is Rs 1,100 per sq.ft, positioning Abi Santhosh Nagar Part-II below this median.

• Abi Shanthosh Nagar: Rs 440 per sq.ft (2024)
• Abi Rail Nagar(Kr): Rs 990 per sq.ft (2024)
• Abi Krishna Avenue: Rs 990 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 Santhosh Nagar Part-II

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, resulting in a total cost of Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Abi Santhosh Nagar Part-II?

The Sub Registrar Office that covers Abi Santhosh Nagar Part-II 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 details.

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

The guideline value is a crucial factor in property transactions in Kattankollatur, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When purchasing property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Abi Santhosh Nagar Part-II?

The current guideline value of Abi Santhosh Nagar Part-II is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 400 per sq.ft in 2023 to Rs 440 per sq.ft in 2024, reflecting a 10% increase. There are no figures available for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street.

What is the median guideline value in Kattankollatur?

The median guideline value for the 453 streets in Kattankollatur is Rs 1,100 per sq.ft. Abi Santhosh Nagar Part-II's value of Rs 440 per sq.ft is below this median.

How are stamp duty and registration fees calculated in Kattankollatur?

Stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher. The registration fee is charged at 2% of the same value, ensuring that the total fees reflect the property's worth.

Where can I find my Sub Registrar Office?

The Sub Registrar Office for Abi Santhosh Nagar Part-II is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information about your SRO online.