Guideline Value for ABOORVAM NAGAR

Aboorvam Nagar guideline value

The current guideline value of Aboorvam Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This area is located in Karunakacherry village and falls under the Salavakkam SRO. The land classification for this locality is Residential Class I Type - I.

How the guideline value of Aboorvam Nagar has changed

The guideline value for Aboorvam Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 100 per sq.ft, which remained unchanged until the 2024 revision. The 2017 revision saw a decrease to Rs 67 per sq.ft, but this was followed by a significant increase to Rs 100 per sq.ft in the 2023 revision. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%, but from 2017 to 2023, it increased by 49%. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 100 per sq.ft.

Guideline values in Karunakacherry

In Karunakacherry, there are 10 streets under the Salavakkam SRO with a 2024 guideline value ranging from Rs 100 to Rs 200 per sq.ft. The median value for these streets is Rs 100 per sq.ft, which is equal to the guideline value of Aboorvam Nagar.

• Ganaprakasham Nagar: Rs 100 per sq.ft (2024)
• Karthik Garden: Rs 200 per sq.ft (2024)
• Muthamil Nagar: Rs 100 per sq.ft (2024)
• New Laural Nagar: Rs 151 per sq.ft (2024)
• New Laural Nagar Extension: Rs 151 per sq.ft (2024)
• Sachin Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Aboorvam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total fees to Rs 9,000. 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 detailed calculations.

Which Sub Registrar Office covers Aboorvam Nagar?

The Sub Registrar Office that covers Aboorvam Nagar is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. You can find your SRO for more information.

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

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

Buyers and sellers should be aware that the guideline value may not always reflect the actual sale price of a property. However, it is the value that authorities will use to calculate the necessary fees, ensuring that all transactions are conducted in accordance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Aboorvam Nagar?

The current guideline value of Aboorvam Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 100 per sq.ft from 2012 to 2024, with a decrease to Rs 67 per sq.ft in 2017 and an increase back to Rs 100 per sq.ft in 2023.

Which Sub Registrar Office covers Aboorvam Nagar?

Aboorvam Nagar is covered by the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.

What are the stamp duty and registration fees for property in Aboorvam Nagar?

For a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000 and the registration fee would be Rs 2,000, totaling Rs 9,000.

What is the land classification for Aboorvam Nagar?

The land classification for Aboorvam Nagar is Residential Class I Type - I, indicating its suitability for residential development.