Guideline Value for APJ ABDUL KALAM NAGAR

Apj Abdul Kalam Nagar guideline value

The current guideline value of Apj Abdul Kalam Nagar, located in Thangalperumpulam village under the Ponneri SRO, is Rs 150 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - I land classification.

How the guideline value of Apj Abdul Kalam Nagar has changed

The guideline value for Apj Abdul Kalam Nagar has seen several revisions over the years. The most recent revisions show that the value has remained constant at Rs 150 per sq.ft from the 2023 revision to the 2024 revision. Prior to this, in the 2017 revision, the value was Rs 100 per sq.ft, marking a 50% increase to the current rate.

There are no figures available for the revisions in the years 2002, 2003, 2007, and 2012. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 50%.

Guideline values in Thangalperumpulam

In Thangalperumpulam, six streets under the Ponneri SRO have a guideline value for the year 2024, ranging from Rs 100 to Rs 200 per sq.ft, with the median being Rs 150 per sq.ft. Apj Abdul Kalam Nagar's 2024 value aligns with this median.

• Avudai Amman Nagar: Rs 150 per sq.ft (2024)
• Aavudai Amman Nagar Extension-I: Rs 150 per sq.ft (2024)
• Aavudai Amman Nagar Extension: Rs 150 per sq.ft (2024)
• Vetrivel Nagar: Rs 100 per sq.ft (2024)
• Gomathi Amman Nagar Phase-I: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Apj Abdul Kalam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, resulting in a total of Rs 13,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Apj Abdul Kalam Nagar?

The Sub Registrar Office that covers Apj Abdul Kalam Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Thangalperumpulam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Apj Abdul Kalam Nagar?

The current guideline value of Apj Abdul Kalam Nagar is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 150 per sq.ft from 2023 to 2024, and it increased by 50% from Rs 100 per sq.ft in 2017 to Rs 150 per sq.ft in 2024.

What are the other streets in Thangalperumpulam with guideline values?

Other streets in Thangalperumpulam include Avudai Amman Nagar, Aavudai Amman Nagar Extension-I, Aavudai Amman Nagar Extension, Vetrivel Nagar, and Gomathi Amman Nagar Phase-I, with values ranging from Rs 100 to Rs 200 per sq.ft.

How is stamp duty calculated for properties in Apj Abdul Kalam Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at Rs 150 per sq.ft, the total guideline value would be Rs 1,50,000, leading to a stamp duty of Rs 10,500.

Where can I find the Sub Registrar Office for Apj Abdul Kalam Nagar?

The Sub Registrar Office for Apj Abdul Kalam Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find more information by visiting the provided link.