Guideline Value for ABIRAMI STREET AND LANE

Abirami Street And Lane guideline value

The current guideline value for Abirami Street And Lane is Rs 6,500 per sq.ft, effective from 1 July 2024. This street is located in Purasaivakkam village, under the Purasaivakkam SRO, and is classified as Residential Class II Type - II.

How the guideline value of Abirami Street And Lane has changed

The guideline value for Abirami Street And Lane has seen several revisions over the years. The 2012 revision set the value at Rs 6,000 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 4,020 per sq.ft. Unfortunately, there are no figures available for the revisions in 2002, 2003, and 2007.

In the subsequent revisions, the 2023 guideline value was Rs 6,000 per sq.ft, which increased by 8% to the current 2024 value of Rs 6,500 per sq.ft. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 18,100 per sq.ft. The median guideline value in this area is Rs 5,500 per sq.ft, placing Abirami Street And Lane above this median.

• Adiyappa Mudali Lane: Rs 8,800 per sq.ft (2024)
• Adiyappa Mudali Street: Rs 9,900 per sq.ft (2024)
• Agraharam Street: Rs 4,900 per sq.ft (2024)
• Air India Colony: Rs 5,500 per sq.ft (2024)
• A.K.SWAMY 1st STREET: Rs 7,700 per sq.ft (2024)
• A.K.SWAMY 2nd STREET: Rs 7,700 per sq.ft (2024)

Stamp duty and registration fee for property in Abirami Street And Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 6,500 per sq.ft, the total guideline value would be Rs 65,00,000. The stamp duty at 7% would amount to Rs 4,55,000, and the registration fee at 2% would be Rs 1,30,000, resulting in a total of Rs 5,85,000. It is important to 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 more detailed calculations.

Which Sub Registrar Office covers Abirami Street And Lane?

The Sub Registrar Office that covers Abirami Street And Lane is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Purasaivakkam. 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 sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government collects the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Abirami Street And Lane?

The current guideline value of Abirami Street And Lane is Rs 6,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 6,000 per sq.ft in 2023 to Rs 6,500 per sq.ft in 2024, which is an increase of 8%. It was Rs 4,020 per sq.ft in 2017 and Rs 6,000 per sq.ft in 2012.

What is the land classification of Abirami Street And Lane?

Abirami Street And Lane is classified as Residential Class II Type - II.

What are the stamp duty rates applicable in Purasaivakkam?

The stamp duty rate in Purasaivakkam is 7% of the guideline value or sale price, whichever is higher. The registration fee is 2% of the guideline value.

Where can I find the Purasaivakkam Sub Registrar Office?

The Purasaivakkam Sub Registrar Office is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find more information on how to locate your SRO.