Guideline Value for ABI SANTHOSH NAGAR PHASE - I

Abi Santhosh Nagar Phase - I guideline value

The current guideline value of Abi Santhosh Nagar Phase - I is Rs 990 per sq.ft, effective from 1 July 2024. This area is located in Ninna Karai village and falls under the Chengleput Joint II SRO with a land classification of Residential Class I Type - II.

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

The guideline value for Abi Santhosh Nagar Phase - I has seen several revisions over the years. The 2012 revision recorded a value of Rs 900 per sq.ft, which then 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 further rose to the current value of Rs 990 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

In summary, from the 2012 revision to the 2024 revision, the overall change is an increase of 10%. The changes between the revisions are as follows: from 2017 to 2023, there was a notable increase of 49%, while the shift from 2012 to 2017 saw a decrease of 33%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ninna Karai

Ninna Karai 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 value for these streets is Rs 1,100 per sq.ft, placing the guideline value of Abi Santhosh Nagar Phase - I below that median.

• Abi Santhosh Nagar Phase - II: 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 - I

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 fees together Rs 89,100. It is important 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 Santhosh Nagar Phase - I?

The Sub Registrar Office that covers Abi Santhosh Nagar Phase - I is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 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 that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the transaction is in compliance with the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value for Abi Santhosh Nagar Phase - I?

The current guideline value for Abi Santhosh Nagar Phase - I 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 multiple times, with the most recent revision in 2024 showing an increase from Rs 900 per sq.ft in 2023 to Rs 990 per sq.ft. Overall, from 2012 to 2024, the guideline value has increased by 10%.

What are the other streets in Ninna Karai with similar guideline values?

Other streets in Ninna Karai with the same guideline value of Rs 990 per sq.ft include Abi Santhosh Nagar Phase - II and Abi Santhosh Nagar. There are also other streets with higher values, such as Adithiya Garden and Adithya Nagar Phase - II.

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. This office handles registrations for properties in the area.

How is stamp duty calculated for properties in Abi Santhosh Nagar Phase - I?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 9,90,000, the stamp duty would be Rs 69,300 at 7%.