Guideline Value for ABIRAMI GARDEN

Abirami Garden guideline value

The current guideline value of Abirami Garden is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Siruvanoor village, under the Tiruvallur Joint 1 SRO, and is classified as Residential Class II Type - I.

How the guideline value of Abirami Garden has changed

In the 2017 revision, the guideline value for Abirami Garden was Rs 268 per sq.ft. This figure remained unchanged at Rs 400 per sq.ft in the 2023 revision and continues at the same rate in the 2024 revision, indicating a 49% increase from 2017 to 2023 and an overall increase of 49% from 2017 to 2024. The register has no figure for this street in the years 2002, 2003, 2007, and 2012.

From 2023 to 2024, there has been no change, with the guideline value remaining at Rs 400 per sq.ft. This stability in the guideline value reflects the same rate as the previous year, while the significant increase from the 2017 figure showcases the changes over the longer term.

Guideline values in Siruvanoor

In Siruvanoor, there are 18 streets under the Tiruvallur Joint 1 SRO that have a 2024 guideline value ranging from Rs 100 to Rs 900 per sq.ft, with a median value of Rs 250 per sq.ft. The guideline value for Abirami Garden is above this median.

• Ganesh Nagar: Rs 250 per sq.ft (2024)
• Ganesh Nagar-(78/1b1part): Rs 250 per sq.ft (2024)
• J.J. Nagar & Annex: Rs 100 per sq.ft (2024)
• L.V.S. Nagar: Rs 100 per sq.ft (2024)
• Ponsakthi Nagar: Rs 200 per sq.ft (2024)
• Senthil Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Abirami Garden

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total to Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Abirami Garden?

The Sub Registrar Office that covers Abirami Garden is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Siruvanoor. It determines the minimum value at which the property can be registered, ensuring transparency and compliance with local regulations.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are essential components of the transaction. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Abirami Garden?

The current guideline value of Abirami Garden is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023 and 2024, marking a 49% increase overall during this period.

What is the land classification of Abirami Garden?

Abirami Garden is classified as Residential Class II Type - I, indicating its designation for residential use.

What is the stamp duty rate for property in Abirami Garden?

The stamp duty rate for property transactions in Abirami Garden is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Abirami Garden located?

The Sub Registrar Office for Abirami Garden is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.