Guideline Value for ABI SHANTHOSH NAGAR

Abi Shanthosh Nagar guideline value

The current guideline value of Abi Shanthosh Nagar, located in Kattankollatur village, is Rs 440 per sq.ft. This value is effective from the 2024 revision and falls under the Residential Class II Type - II land classification. The area is governed by the Chengleput Joint II SRO.

How the guideline value of Abi Shanthosh Nagar has changed

The guideline value for Abi Shanthosh Nagar has seen several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 400 per sq.ft, which increased by 10% to Rs 440 per sq.ft in the 2024 revision.

This change reflects a gradual increase in the guideline value over the last year, moving from Rs 400 per sq.ft in 2023 to Rs 440 per sq.ft in 2024.

Guideline values in Kattankollatur

Kattankollatur has a total of 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value for the area is Rs 1,100 per sq.ft, placing Abi Shanthosh Nagar's 2024 figure below this median.

• Abi Santhosh Nagar Part-II: 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 Shanthosh Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be 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, making a total of Rs 39,600. 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 Shanthosh Nagar?

The Sub Registrar Office that covers Abi Shanthosh Nagar 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 Kattankollatur

The guideline value plays a crucial role in the registration process when buying or selling property in Kattankollatur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that these costs are calculated based on the official valuation set by the government.

When a property is sold, the guideline value is used to assess the minimum price for which the property can be registered. This means that buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations during the transaction.

Frequently asked questions

What is the current guideline value of Abi Shanthosh Nagar?

The current guideline value of Abi Shanthosh Nagar is Rs 440 per sq.ft, effective from the 2024 revision.

How much has the guideline value changed recently?

The guideline value increased from Rs 400 per sq.ft in 2023 to Rs 440 per sq.ft in 2024, reflecting a 10% increase.

Are there any years without a guideline value for Abi Shanthosh Nagar?

Yes, the register does not have figures for the years 2002, 2003, 2007, 2012, and 2017 for Abi Shanthosh Nagar.

What is the median guideline value in Kattankollatur?

The median guideline value in Kattankollatur is Rs 1,100 per sq.ft, which is higher than the current value of Rs 440 per sq.ft for Abi Shanthosh Nagar.

Where can I find more information about the registration process?

For more information about the registration process and related fees, you can visit the Chengleput Joint II Sub Registrar Office or use the stamp duty and registration fee calculator.