Guideline Value for ABI SANTHOSH NAGAR

Abi Santhosh Nagar guideline value

The current guideline value of Abi Santhosh Nagar is Rs 800 per sq.ft, effective from 1 July 2024. This area is located in Karanaipuducheri village, under the Gooduvancheri 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. The most recent revision in 2024 set the value at Rs 800 per sq.ft, which is the same as the previous year's value in 2023. The 2017 revision recorded a lower value of Rs 536 per sq.ft, marking a significant increase of 49% from 2017 to 2023. In 2012, the guideline value was again Rs 800 per sq.ft, which indicates a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 800 per sq.ft.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. This means that the historical data for these years is not applicable when considering the changes in guideline value.

Guideline values in Karanaipuducheri

In Karanaipuducheri, there are 108 streets under the Gooduvancheri SRO that have a 2024 guideline value ranging from Rs 400 to Rs 2,239 per sq.ft. The median guideline value for these streets is Rs 802 per sq.ft, placing the value of Abi Santhosh Nagar below this median.

• Amaravathi Avenue: Rs 1,500 per sq.ft (2024)
• Annai Tharesa Nagar: Rs 1,200 per sq.ft (2024)
• Aravind Annai Nagar: Rs 1,200 per sq.ft (2024)
• Aravind Annai Nagar-II: Rs 1,200 per sq.ft (2024)
• Ashthalakshmi Nagar: Rs 800 per sq.ft (2024)
• Bagavathi Nagar: Rs 701 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 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total charges to Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Abi Santhosh Nagar?

The Sub Registrar Office that covers Abi Santhosh Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Karanaipuducheri. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these charges are based on a standardized value set by the authorities.

When a property is sold, the buyer must pay the applicable stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the state government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value of Abi Santhosh Nagar?

The current guideline value of Abi Santhosh Nagar is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained Rs 800 per sq.ft from 2012 to 2024. It increased from Rs 536 per sq.ft in 2017 to Rs 800 per sq.ft in 2023, marking a 49% increase.

What is the median guideline value in Karanaipuducheri?

The median guideline value for the 108 streets in Karanaipuducheri is Rs 802 per sq.ft, which is slightly above the current value of Abi Santhosh Nagar.

What are the stamp duty rates for property transactions?

The stamp duty rate for property transactions is 7% of the guideline value or sale price, whichever is higher. Additionally, there is a registration fee of 2%.

Where is the nearest Sub Registrar Office for Abi Santhosh Nagar?

The nearest Sub Registrar Office for Abi Santhosh Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.