Guideline Value for Abacus Avenue

Abacus Avenue guideline value

The current guideline value of Abacus Avenue is Rs 500 per sq.ft, effective from 1 July 2024. This street is located in Athur B Block village, under the Chengleput Joint Ii SRO, and is classified as Residential Special Type - II.

How the guideline value of Abacus Avenue has changed

According to the guideline value register, there are no figures for Abacus Avenue in the years 2017, 2012, 2007, 2003, and 2002. The 2023 revision also listed the guideline value at Rs 500 per sq.ft, which remained unchanged in the 2024 revision.

From the 2023 to 2024 revision, the guideline value did not change, reflecting a 0% increase. The current rate of Rs 500 per sq.ft has been consistent across these two revisions.

Guideline values in Athur B Block

Athur B Block has 79 streets under the Chengleput Joint Ii SRO that carry a 2024 guideline value, ranging from Rs 268 to Rs 1,525 per sq.ft, with a median value of Rs 700 per sq.ft. The guideline value of Abacus Avenue is below this median.

• Annai Garden: Rs 500 per sq.ft (2024)
• Arj Land Developers In Goldan Nagar: Rs 500 per sq.ft (2024)
• Ashmitha Gardens: Rs 700 per sq.ft (2024)
• Asmitha Garden: Rs 700 per sq.ft (2024)
• Balaji Nagar: Rs 500 per sq.ft (2024)
• Balu Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Abacus Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total fees to Rs 45,000. 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 Abacus Avenue?

The Sub Registrar Office that covers Abacus Avenue is the Chengleput Joint Ii Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Athur B Block

The guideline value is a crucial factor in property transactions in Athur B Block, as it determines the minimum value at which properties can be registered. When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that these costs are based on a standard valuation.

Frequently asked questions

What is the current guideline value of Abacus Avenue?

The current guideline value of Abacus Avenue is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There have been no changes in the guideline value for Abacus Avenue from 2023 to 2024, remaining at Rs 500 per sq.ft. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002.

What is the land classification of Abacus Avenue?

Abacus Avenue is classified as Residential Special Type - II, which indicates its intended use for residential purposes.

What are the registration fees for property in Abacus Avenue?

The registration fees for property in Abacus Avenue are calculated based on the guideline value. For a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000, and the registration fee would be Rs 10,000, totaling Rs 45,000.

Where is the Sub Registrar Office for Abacus Avenue located?

The Chengleput Joint Ii Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles registrations for properties in Abacus Avenue.