Guideline Value for ABI SANTHOSH NAGAR

Abi Santhosh Nagar guideline value

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

How the guideline value of Abi Santhosh Nagar has changed

The guideline value for Abi Santhosh Nagar has undergone several revisions over the years. In 2012, the value was set at Rs 900 per sq.ft. This was followed by a decrease to Rs 603 per sq.ft in 2017. However, the value saw a significant increase to Rs 900 per sq.ft in 2023, and then it rose again to Rs 990 per sq.ft in the 2024 revision. There are no figures available for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

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 value for these streets is Rs 1,100 per sq.ft, making the guideline value for Abi Santhosh Nagar below this median.

• Abi Santhosh Nagar Phase - I: Rs 990 per sq.ft (2024)
• Abi Santhosh Nagar Phase - II: 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

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, while the registration fee at 2% would be Rs 19,800, bringing the total cost for these fees 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 use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Abi Santhosh Nagar?

Abi Santhosh Nagar falls under 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 when registering property transactions in Ninna Karai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process.

Frequently asked questions

What is the current guideline value of Abi Santhosh Nagar?

The current guideline value of Abi Santhosh Nagar is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 900 to Rs 603 in 2017, then back to Rs 900 in 2023, and finally to Rs 990 in 2024. There are no figures available for the years 2002, 2003, and 2007.

What are the stamp duty and registration fees for property in Abi Santhosh Nagar?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at Rs 990 per sq.ft, the total fees would amount to Rs 89,100.

Which Sub Registrar Office covers Abi Santhosh Nagar?

The Chengleput Joint II Sub Registrar Office covers Abi Santhosh Nagar, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It serves as a reference point for buyers and sellers when negotiating sale prices.