Guideline Value for ABIRAMI NAGAR

Abirami Nagar guideline value

The current guideline value of Abirami Nagar, located in Aaladu village under the Ponneri SRO, is Rs 200 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Abirami Nagar has changed

Since the 2012 revision, the guideline value for Abirami Nagar has remained at Rs 200 per sq.ft as of 2024. The 2017 revision recorded a guideline value of Rs 134 per sq.ft, which marked a significant increase of 49% to Rs 200 per sq.ft in the 2023 revision. The 2024 revision shows no change from the previous year, maintaining the value at Rs 200 per sq.ft.

The revisions prior to 2012, specifically in 2002, 2003, and 2007, have no figures recorded for this street. The 2012 revision was Rs 200 per sq.ft, and the value decreased to Rs 134 per sq.ft in 2017, reflecting a decrease of 33% before rising again in subsequent years.

Guideline values in Aaladu

Aaladu village has 13 streets under the Ponneri SRO that carry a guideline value for 2024, ranging from Rs 200 to Rs 400 per sq.ft, with a median value of Rs 200 per sq.ft. The guideline value of Abirami Nagar is equal to this median.

• Annai Nagar: Rs 200 per sq.ft (2024)
• Annamalai Nagar: Rs 200 per sq.ft (2024)
• Duraiswami Nagar: Rs 200 per sq.ft (2024)
• Gomathi Amman Nagar: Rs 200 per sq.ft (2024)
• Illahi Nagar: Rs 200 per sq.ft (2024)
• Jayam Housing Site: Rs 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 200 per sq.ft, the total guideline value is Rs 2,00,000. The stamp duty at 7% amounts to Rs 14,000, while the registration fee at 2% is Rs 4,000, bringing the total cost for these fees to Rs 18,000. It is important to note that 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 on the fees applicable to your property transaction.

Which Sub Registrar Office covers Abirami Nagar?

The Sub Registrar Office that covers Abirami Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. For more information, you can find your SRO.

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

The guideline value is a crucial factor when registering property in Aaladu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are conducted fairly and transparently.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for legal transfer of ownership. This ensures that both buyers and sellers adhere to the regulatory framework established by the state.

Frequently asked questions

What is the current guideline value of Abirami Nagar?

The current guideline value of Abirami Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then increased to Rs 200 per sq.ft in 2023 and remained the same in 2024.

What are the other streets in Aaladu with similar guideline values?

Other streets in Aaladu, such as Annai Nagar, Annamalai Nagar, and Duraiswami Nagar, also have a guideline value of Rs 200 per sq.ft for 2024.

What are the stamp duty and registration fees in Abirami Nagar?

For a property valued at Rs 2,00,000, the stamp duty is Rs 14,000 and the registration fee is Rs 4,000, totaling Rs 18,000.

Which office handles property registrations in Abirami Nagar?

The Ponneri Sub Registrar Office handles property registrations in Abirami Nagar, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.