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 area is located in Thiruninravur-A village under the Avadi Sub Registrar Office (SRO) and is classified as Residential Class II Type - III.

How the guideline value of Abirami Nagar has changed

The guideline value for Abirami Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 469 per sq.ft, which increased to Rs 700 per sq.ft in 2023. The most recent revision in 2024 has raised the value to Rs 750 per sq.ft, marking a 7% increase from the previous year.

From 2017 to 2023, the guideline value rose by 49%, and overall, from 2017 to 2024, it has increased by 60%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,750 per sq.ft. The median value is Rs 750 per sq.ft, which aligns with the guideline value for Abirami Nagar.

• Abirami Avenue: Rs 750 per sq.ft (2024)
• Abirami Nagar & Streets: Rs 750 per sq.ft (2024)
• Aasir Nagar: Rs 750 per sq.ft (2024)
• Aandal Nagar: Rs 840 per sq.ft (2024)
• Aadhi Parasakthi Nagar & St: Rs 750 per sq.ft (2024)
• A.G.R.Temple Avenue: Rs 950 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 would be Rs 7,50,000. The stamp duty at 7% would amount to Rs 52,500, and the registration fee at 2% would be Rs 15,000, bringing the total fees to Rs 67,500. 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 precise calculations.

Which Sub Registrar Office covers Abirami Nagar?

Abirami Nagar falls under the jurisdiction of the Avadi Sub Registrar Office. The office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thiruninravur-A

The guideline value is an important factor in property transactions in Thiruninravur-A. It is used to determine the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers should be aware that the guideline value may differ from the actual sale price of the property.

When registering a property, the guideline value serves as a baseline for calculating the applicable fees. It is essential to consult the latest figures to ensure compliance with local regulations and 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 much has the guideline value changed over the years?

The guideline value has increased from Rs 469 per sq.ft in 2017 to Rs 750 per sq.ft in 2024, representing a total increase of 60% over this period.

What is the land classification of Abirami Nagar?

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

Where can I find the Sub Registrar Office for Abirami Nagar?

The Avadi Sub Registrar Office covers Abirami Nagar and is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated in Abirami Nagar?

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