Guideline Value for ABIRAMI NAGAR

Abirami Nagar guideline value

The current guideline value of Abirami Nagar is Rs 750 per sq.ft, effective from 1 July 2024. This street is located in Walajabad village, under the jurisdiction of the Walajabad SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Abirami Nagar has changed

Over the years, the guideline value of Abirami Nagar has seen several revisions. The most recent revision in 2024 maintains the guideline value at Rs 750 per sq.ft, which is the same as the 2023 revision. Prior to that, the value was Rs 502 per sq.ft in 2017, and it was Rs 750 per sq.ft in 2012. The register has no figure for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, followed by a significant increase of 49% from 2017 to 2023. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 750 per sq.ft.

Guideline values in Walajabad

Walajabad village has a total of 196 streets under the Walajabad SRO, with guideline values ranging from Rs 400 to Rs 2,000 per sq.ft. The median guideline value in this area is Rs 750 per sq.ft, which is equal to the current guideline value of Abirami Nagar.

• Aasiiryar Nagar Extension -I: Rs 1,500 per sq.ft (2024)
• A.K. Govindarajan St: Rs 750 per sq.ft (2024)
• Allikuttai St: Rs 750 per sq.ft (2024)
• Ambhethkar St: Rs 750 per sq.ft (2024)
• Amirtham Rail Nagar: Rs 700 per sq.ft (2024)
• Anna Nagar: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Abirami Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value amounts to Rs 7,50,000. The stamp duty at 7% would be Rs 52,500, and the registration fee at 2% would be Rs 15,000, leading to a total of Rs 67,500. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Abirami Nagar?

The Sub Registrar Office that covers Abirami Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Walajabad. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is considered to ensure that the transaction is in compliance with government regulations. Buyers and sellers must be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Abirami Nagar?

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

How has the guideline value changed over the years?

The guideline value of Abirami Nagar has remained at Rs 750 per sq.ft from 2012 to 2024, with a decrease to Rs 502 per sq.ft in 2017 and no figures available for the years 2002, 2003, and 2007.

What is the land classification for Abirami Nagar?

Abirami Nagar is classified as Residential Class IV Type - I, indicating its suitability for residential development.

How is stamp duty calculated for property in Abirami Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 7,50,000 incurs a stamp duty of Rs 52,500 at a rate of 7%.

Where can I find the Walajabad Sub Registrar Office?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find more information through the provided link.