Guideline Value for Abdul Kalam Nagar

Abdul Kalam Nagar guideline value

The current guideline value of Abdul Kalam Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Pozhichalur village, under the Pammal SRO, and is classified as Residential Class II Type - I.

How the guideline value of Abdul Kalam Nagar has changed

The guideline value for Abdul Kalam Nagar has seen significant changes over the years. In the 2017 revision, the value was Rs 670 per sq.ft, which increased to Rs 1,000 per sq.ft in the 2023 revision. The most recent revision in 2024 saw another increase to Rs 1,100 per sq.ft, marking a 10% rise from the previous year.

Between the 2017 and 2023 revisions, the guideline value rose by 49%. There are no figures available for the years 2012, 2007, 2003, and 2002 for this street in the register.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft, with a median value of Rs 1,320 per sq.ft. The guideline value for Abdul Kalam Nagar is below this median.

• Agatheeswarar Koil 1st Street: Rs 2,200 per sq.ft (2024)
• Agatheeswarar Koil 2nd Street: Rs 2,200 per sq.ft (2024)
• Agatheeswarar Koil 3rd Street: Rs 2,200 per sq.ft (2024)
• Agatheeswarar Koil 4th Street: Rs 2,200 per sq.ft (2024)
• Agatheeswarar Nagar: Rs 2,200 per sq.ft (2024)
• Agatheeswarar Nagar 8th Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Abdul Kalam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. 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 Abdul Kalam Nagar?

The Sub Registrar Office that covers Abdul Kalam Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property transactions in Pozhichalur. It is used to determine the stamp duty and registration fees applicable when buying or selling property. The guideline value ensures that the government receives appropriate revenue from property transactions.

When a property is sold, the sale price or the guideline value, whichever is higher, is considered for calculating the stamp duty. This means that buyers should be aware of the guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Abdul Kalam Nagar?

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

How has the guideline value changed over the years?

The guideline value has increased from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2023, and then to Rs 1,100 per sq.ft in 2024. There are no figures available for the years 2012, 2007, 2003, and 2002 for this street.

What is the land classification of Abdul Kalam Nagar?

Abdul Kalam Nagar is classified as Residential Class II Type - I according to the guideline value register.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 99,000.

Where is the Sub Registrar Office for Abdul Kalam Nagar located?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.