Guideline Value for ABI'S KUBERAN NAGAR

Abi's Kuberan Nagar guideline value

The current guideline value of Abi's Kuberan Nagar is Rs 2,420 per sq.ft, effective from 1 July 2024. This locality is situated in Varadarajapuram village under the Padappai SRO and is classified as Mixed Special Type - III.

How the guideline value of Abi's Kuberan Nagar has changed

The guideline value for Abi's Kuberan Nagar has seen several revisions over the years. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017. In 2023, the guideline value was Rs 2,200 per sq.ft, which increased by 10% to reach Rs 2,420 per sq.ft in the 2024 revision.

This increase reflects the adjustments made to the guideline value over the years. The 2024 revision marks a significant change from the previous year, indicating a shift in the valuation of properties in this area.

Guideline values in Varadarajapuram

In Varadarajapuram, there are 250 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 4,100 per sq.ft, with a median value of Rs 1,650 per sq.ft. The guideline value of Abi's Kuberan Nagar is above this median.

• Abi's Monarch: Rs 2,800 per sq.ft (2024)
• Abi's Monarch Phase -II: Rs 2,090 per sq.ft (2024)
• Adhanur Road: Rs 1,650 per sq.ft (2024)
• ABIRAAMI AVENUE - PART - 1 To 3: Rs 1,650 per sq.ft (2024)
• Aaditra Gardens: Rs 3,370 per sq.ft (2024)
• Albin nagar: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Abi's Kuberan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,420 per sq.ft, the total guideline value amounts to Rs 24,20,000. The stamp duty at 7% would be Rs 1,69,400, and the registration fee at 2% would be Rs 48,400, bringing the total to Rs 2,17,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Abi's Kuberan Nagar?

The Sub Registrar Office that covers Abi's Kuberan Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Varadarajapuram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When engaging in property transactions, it is essential to consider the guideline value, as it influences the overall cost of registration and can affect the financial aspects of the sale or purchase.

Frequently asked questions

What is the current guideline value of Abi's Kuberan Nagar?

The current guideline value of Abi's Kuberan Nagar is Rs 2,420 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,200 per sq.ft in 2023 to Rs 2,420 per sq.ft in 2024, marking a 10% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Abi's Kuberan Nagar?

Abi's Kuberan Nagar is classified as Mixed Special Type - III, which is a designation used for various types of property uses within the area.

How is stamp duty calculated for properties in Abi's Kuberan Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot of 1,000 sq.ft, the stamp duty would be Rs 1,69,400 at the current guideline value.

Where is the Sub Registrar Office located for Abi's Kuberan Nagar?

The Padappai Sub Registrar Office is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone, and it covers Abi's Kuberan Nagar.