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Guideline Value

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Guideline Value for ABIRAAMI AVENUE - PART - 1 To 3

₹1650/sq.ft.

The guideline value for Abiraami Avenue - Part - 1 To 3 in Varadarajapuram village (Padappai SRO, Chennai zone) is Rs 1650 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Varadarajapuram

Village

Padappai

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹1650 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Abiraami Avenue - Part - 1 To 3

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ABIRAAMI AVENUE - PART - 1 To 3 guideline value

The current guideline value of ABIRAAMI AVENUE - PART - 1 To 3 is Rs 1,650 per sq.ft, effective from 1 July 2024. This property is located in Varadarajapuram village under the Padappai SRO, classified as Residential Special Type - II.

How the guideline value of ABIRAAMI AVENUE - PART - 1 To 3 has changed

The guideline value for ABIRAAMI AVENUE - PART - 1 To 3 has seen significant changes over the years. In the 2017 revision, the value was Rs 1,005 per sq.ft, which increased to Rs 1,500 per sq.ft in 2023, marking a 49% rise. The current 2024 revision sets the value at Rs 1,650 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

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 ABIRAAMI AVENUE - PART - 1 To 3 is equal to this median.

Stamp duty and registration fee for property in ABIRAAMI AVENUE - PART - 1 To 3

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers ABIRAAMI AVENUE - PART - 1 To 3?

The Sub Registrar Office that covers ABIRAAMI AVENUE - PART - 1 To 3 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 information.

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

The guideline value is a crucial factor during the registration of property transactions in Varadarajapuram. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these charges are based on the established guideline value or the sale price, whichever is higher.

When buying or selling property, it is essential to understand that the guideline value can affect the overall cost of the transaction. Buyers should be aware of the current guideline value to ensure they are prepared for the associated fees during the registration process.

Frequently asked questions

What is the current guideline value of ABIRAAMI AVENUE - PART - 1 To 3?

The current guideline value of ABIRAAMI AVENUE - PART - 1 To 3 is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,005 per sq.ft in 2017 to Rs 1,500 per sq.ft in 2023, and now to Rs 1,650 per sq.ft in 2024. This reflects a 64% increase from 2017 to 2024.

What are the stamp duty and registration fees for property in ABIRAAMI AVENUE - PART - 1 To 3?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total guideline value is Rs 16,50,000, resulting in a stamp duty of Rs 1,15,500 and a registration fee of Rs 33,000.

Where is the Padappai Sub Registrar Office located?

The Padappai Sub Registrar Office is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How does the guideline value affect property transactions?

The guideline value is used to calculate stamp duty and registration fees during property transactions. It is essential for buyers and sellers to be aware of the guideline value to understand the costs involved in the registration process.