Guideline Value for ABS GARDEN PHASE 2

Abs Garden Phase 2 guideline value

The current guideline value of Abs Garden Phase 2 is Rs 1,640 per sq.ft. This property is located in Vayallanallur_b village, under the Poonamallee SRO, and is classified as Residential Special Type - III.

How the guideline value of Abs Garden Phase 2 has changed

The guideline value for Abs Garden Phase 2 has seen significant changes over the years. In 2017, the guideline value was Rs 500 per sq.ft, which increased to Rs 747 per sq.ft in 2023, marking a rise of 49%. The most recent revision in 2024 brought the guideline value to Rs 1,640 per sq.ft, reflecting a substantial increase of 120% from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 228%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Vayallanallur_b

In Vayallanallur_b, there are 27 streets under the Poonamallee SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 3,100 per sq.ft. The median value is Rs 1,640 per sq.ft, which is the same as the guideline value for Abs Garden Phase 2.

• A B S Graden: Rs 500 per sq.ft (2024)
• Arkay Garden Nagar: Rs 1,800 per sq.ft (2024)
• Ashok Nandavanam: Rs 1,210 per sq.ft (2024)
• Ashok Nandavanam Phase - II: Rs 1,640 per sq.ft (2024)
• Ashok Nandhavanam Phase - III: Rs 1,099 per sq.ft (2024)
• Ayaan City: Rs 2,250 per sq.ft (2024)

Stamp duty and registration fee for property in Abs Garden Phase 2

For a 1,000 sq.ft plot at the current guideline value of Rs 1,640 per sq.ft, the total guideline value amounts to Rs 16,40,000. The stamp duty, charged at 7%, would be Rs 1,14,800, and the registration fee at 2% would be Rs 32,800, bringing the total to Rs 1,47,600. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Abs Garden Phase 2?

The Sub Registrar Office that covers Abs Garden Phase 2 is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for further assistance.

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

The guideline value is a critical factor in the registration process when buying or selling property in Vayallanallur_b. It helps determine the stamp duty and registration fees that need to be paid, ensuring compliance with local regulations.

When a property transaction occurs, the guideline value serves as a benchmark to assess the value of the property for taxation purposes. Buyers and sellers should be aware of the current guideline value to ensure accurate financial planning during the transaction.

Frequently asked questions

What is the current guideline value of Abs Garden Phase 2?

The current guideline value of Abs Garden Phase 2 is Rs 1,640 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from 2017 to 2024?

From 2017 to 2024, the guideline value has increased by 228%, rising from Rs 500 per sq.ft to Rs 1,640 per sq.ft.

What is the land classification for Abs Garden Phase 2?

Abs Garden Phase 2 is classified as Residential Special Type - III, indicating its designated use within the area.

Where can I find the Poonamallee Sub Registrar Office?

The Poonamallee Sub Registrar Office is located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. This office handles registrations for properties in the area.

How is stamp duty calculated for properties in Abs Garden Phase 2?

Stamp duty for properties in Abs Garden Phase 2 is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 16,40,000 would incur a stamp duty of Rs 1,14,800.