Guideline Value for ABIMANYU NADARAJAN STREET

Abimanyu Nadarajan Street guideline value

The current guideline value of Abimanyu Nadarajan Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Uthandi village under the Neelankarai SRO, classified as Residential Class I Type - I.

How the guideline value of Abimanyu Nadarajan Street has changed

The guideline value for Abimanyu Nadarajan Street has seen several revisions over the years. The figures began with Rs 3,000 per sq.ft in 2012, which then decreased to Rs 2,010 per sq.ft in 2017. Following this, the value increased significantly to Rs 3,000 per sq.ft in 2023, and further rose to Rs 3,300 per sq.ft in 2024. The revisions for the years 2002, 2003, and 2007 have no figures recorded for this street.

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

Guideline values in Uthandi

In Uthandi, there are 197 streets under the Neelankarai SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 14,700 per sq.ft. The median value among these streets is Rs 1,700 per sq.ft, placing Abimanyu Nadarajan Street's current value above this median.

• Abdul Kadir Garden: Rs 1,100 per sq.ft (2024)
• Adhithyaram Properties: Rs 1,700 per sq.ft (2024)
• Amarar Jeevarathinam Street: Rs 1,100 per sq.ft (2024)
• Anbu Thottam: Rs 1,700 per sq.ft (2024)
• Anil Nagar Garden: Rs 1,700 per sq.ft (2024)
• Appadurai Garden: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Abimanyu Nadarajan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It's important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Abimanyu Nadarajan Street?

The Sub Registrar Office covering Abimanyu Nadarajan Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value serves as a benchmark for property transactions in Uthandi. When a property is sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are calculated based on a standard valuation.

It is essential for buyers and sellers to be aware of the guideline value as it impacts the overall cost of property transactions. The guideline value helps to maintain transparency and consistency in real estate dealings within the region.

Frequently asked questions

What is the current guideline value of Abimanyu Nadarajan Street?

The current guideline value of Abimanyu Nadarajan Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then increased to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What is the land classification for Abimanyu Nadarajan Street?

Abimanyu Nadarajan Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Abimanyu Nadarajan Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is the stamp duty calculated for properties in Uthandi?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. The current stamp duty rate is 7%, with an additional registration fee of 2% on the guideline value.