Guideline Value for Abdul Samath Nagar

Abdul Samath Nagar guideline value

The current guideline value of Abdul Samath Nagar is Rs 1,760 per sq.ft, effective from 1 July 2024. This area is located in Mangadu -A village, under the Kunrathur SRO, and is classified as Residential Class I Type - III.

How the guideline value of Abdul Samath Nagar has changed

The guideline value for Abdul Samath Nagar has undergone several revisions over the years. The 2017 revision set the guideline value at Rs 938 per sq.ft. This increased to Rs 1,400 per sq.ft in the 2023 revision, marking a rise of 49%. The most recent revision in 2024 raised the value further to Rs 1,760 per sq.ft, reflecting a significant increase of 26% from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Overall, from 2017 to 2024, the guideline value has increased by 88%.

Guideline values in Mangadu -A

In Mangadu -A, there are 208 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median guideline value in this area is Rs 1,870 per sq.ft, making the current figure for Abdul Samath Nagar below that median.

• A.A.A. Nagar: Rs 1,760 per sq.ft (2024)
• ADL Charles Nager Annex: Rs 1,540 per sq.ft (2024)
• Ambal Nagar: Rs 1,870 per sq.ft (2024)
• Ambal Nagar Alamelu Street: Rs 1,430 per sq.ft (2024)
• Ambal Nagar Extension: Rs 1,870 per sq.ft (2024)
• Appavoo Nagar, 1st Road to IIIrd Road: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Abdul Samath Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total fees to Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Abdul Samath Nagar?

The Sub Registrar Office that covers Abdul Samath Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Mangadu -A

The guideline value is a crucial factor during the registration of property transactions in Mangadu -A. 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 a buyer or seller engages in a property transaction, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are levied based on the established values in the area.

Frequently asked questions

What is the current guideline value of Abdul Samath Nagar?

The current guideline value of Abdul Samath Nagar is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 938 per sq.ft in 2017 to Rs 1,760 per sq.ft in 2024, which is an overall increase of 88% across the revisions.

What is the stamp duty rate for properties in Abdul Samath Nagar?

The stamp duty rate for properties in Abdul Samath Nagar is 7% of the guideline value or sale price, whichever is higher.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.

What are the other streets in Mangadu -A with their guideline values?

Other streets in Mangadu -A include A.A.A. Nagar, ADL Charles Nager Annex, Ambal Nagar, Ambal Nagar Alamelu Street, Ambal Nagar Extension, and Appavoo Nagar, each with varying guideline values as listed above.