Guideline Value for ABI SANTHOSH NAGAR PHASE - II

Abi Santhosh Nagar Phase - II guideline value

The current guideline value of Abi Santhosh Nagar Phase - II is Rs 990 per sq.ft. This property is located in Ninna Karai village under the Chengleput Joint II SRO. The land classification for this area is Residential Class I Type - II.

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

The guideline value for Abi Santhosh Nagar Phase - II has seen several revisions over the years. The earliest recorded figure is from 2012, when it was Rs 900 per sq.ft. In 2017, the value decreased to Rs 603 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49% to Rs 900 per sq.ft, and the most recent revision in 2024 set the value at Rs 990 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO, with guideline values 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, indicating that the current value of Abi Santhosh Nagar Phase - II is below this median.

• Abi Santhosh Nagar Phase - I: Rs 990 per sq.ft (2024)
• Abi Santhosh Nagar: Rs 990 per sq.ft (2024)
• Abi Rail Nagar(Kr): Rs 990 per sq.ft (2024)
• Adithiya Garden: Rs 1,321 per sq.ft (2024)
• Adithya Nagar Phase - II: Rs 1,321 per sq.ft (2024)
• Agathiar Street (Ward -7): Rs 1,321 per sq.ft (2024)

Stamp duty and registration fee for property in Abi Santhosh Nagar Phase - II

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, making the total cost for these fees 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 the stamp duty and registration fee calculator for more precise calculations.

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

The Sub Registrar Office that covers Abi Santhosh Nagar Phase - II is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, within 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 plays a crucial role in the registration process when buying or selling property in Ninna Karai. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for buyers and sellers to ensure that they are compliant with local regulations and to accurately assess the costs associated with property transactions in the area.

Frequently asked questions

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

The current guideline value of Abi Santhosh Nagar Phase - II 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 finally to Rs 990 per sq.ft in 2024.

What is the land classification for Abi Santhosh Nagar Phase - II?

The land classification for Abi Santhosh Nagar Phase - II is Residential Class I Type - II.

What is the stamp duty for property in Abi Santhosh Nagar Phase - II?

The stamp duty for property in Abi Santhosh Nagar Phase - II is calculated at 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Abi Santhosh Nagar Phase - II located?

The Sub Registrar Office for Abi Santhosh Nagar Phase - II is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, under the Chengleput Joint II SRO.