Guideline Value for ABINANTHAN NAGAR

Abinanthan Nagar guideline value

The current guideline value of Abinanthan Nagar, located in Nanmangalam village under the Pallavaram SRO, is Rs 2,750 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Abinanthan Nagar has changed

The guideline value for Abinanthan Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which then decreased to Rs 1,675 per sq.ft in the 2017 revision, marking a decline of 33%. The 2023 revision increased the value to Rs 2,500 per sq.ft, followed by the latest 2024 revision that raised it to Rs 2,750 per sq.ft, reflecting a 10% increase from the previous year.

In summary, from the 2012 revision to the 2024 revision, the overall change in the guideline value is an increase of 10%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Nanmangalam

Nanmangalam village comprises 139 streets under the Pallavaram SRO, with guideline values ranging from Rs 1,960 to Rs 3,850 per sq.ft as per the 2024 revision. The guideline value for Abinanthan Nagar matches the median value of Rs 2,750 per sq.ft for the village.

• Alandur Main Road: Rs 3,850 per sq.ft (2024)
• Ambedkar Salai: Rs 3,300 per sq.ft (2024)
• Ambedkar Salai 1 To 2 Street: Rs 3,300 per sq.ft (2024)
• Ananthpadmanabhan Avenue: Rs 3,300 per sq.ft (2024)
• Anna Cross Street: Rs 1,960 per sq.ft (2024)
• ANNA Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Abinanthan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. It is 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 more details.

Which Sub Registrar Office covers Abinanthan Nagar?

The Sub Registrar Office that covers Abinanthan Nagar is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for additional information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Nanmangalam. It is used to determine the applicable stamp duty and registration fees, ensuring that these costs are calculated based on a standardized value set by the government.

When you register a property, the guideline value helps to establish the official price for the transaction, which can affect the overall costs incurred during the sale. It is essential for buyers and sellers to be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Abinanthan Nagar?

The current guideline value of Abinanthan Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then back to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,750 per sq.ft in 2024.

What is the land classification for Abinanthan Nagar?

Abinanthan Nagar is classified as Residential Class I Type - I.

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

The stamp duty is charged at 7% on the guideline value or sale price, whichever is higher, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 2,47,500.

Where is the Sub Registrar Office for Abinanthan Nagar located?

The Sub Registrar Office for Abinanthan Nagar is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.