Guideline Value for Abhinav Manav Garden

Abhinav Manav Garden guideline value

The current guideline value of Abhinav Manav Garden is Rs 3,300 per sq.ft, effective from 1 July 2024. This property is located in Koyakbedu village, under the AnnaNagar SRO, and is classified as Residential Class I Type - III.

How the guideline value of Abhinav Manav Garden has changed

The guideline value of Abhinav Manav Garden has seen several revisions over the years. The 2007 revision set the value at Rs 1,500 per sq.ft, which increased to Rs 3,000 per sq.ft in the 2012 revision, marking a 100% rise. However, the value decreased to Rs 2,010 per sq.ft in the 2017 revision, representing a decline of 33%. The subsequent revision in 2023 brought the value up to Rs 3,000 per sq.ft, and the latest revision in 2024 has increased it further to Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year.

It should be noted that the register has no figures for the years 2002 and 2003 for this street. Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 120%.

Guideline values in Koyakbedu

Koyakbedu has a range of guideline values across its 270 streets under the AnnaNagar SRO, with the 2024 figures ranging from Rs 2,200 to Rs 16,500 per sq.ft. The median value for these streets is Rs 4,400 per sq.ft, placing the guideline value of Abhinav Manav Garden below this median.

• Adhi sankaran street ( H block) Annanagar: Rs 3,300 per sq.ft (2024)
• Ae Block 8th Street: Rs 12,600 per sq.ft (2024)
• A.K.R.Road: Rs 3,300 per sq.ft (2024)
• Alli Street , Brindavan Nagar: Rs 3,300 per sq.ft (2024)
• Amman Koil Street: Rs 3,300 per sq.ft (2024)
• Angamuthu Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Abhinav Manav Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost to Rs 2,97,000. It is important to note that 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 Abhinav Manav Garden?

The Sub Registrar Office that covers Abhinav Manav Garden is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

When buying or selling property in Koyakbedu, the guideline value is a crucial factor in determining the stamp duty and registration fees. These fees are calculated based on the higher of the guideline value or the sale price of the property, ensuring that the government receives the appropriate revenue from property transactions.

The guideline value also serves as a reference point for property transactions, helping buyers and sellers understand the prevailing rates in the area. It is essential to be aware of the current guideline value to ensure compliance with legal obligations during the registration process.

Frequently asked questions

What is the current guideline value of Abhinav Manav Garden?

The current guideline value of Abhinav Manav Garden is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,500 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 120% over the years.

What is the stamp duty rate for property in Abhinav Manav Garden?

The stamp duty rate for property transactions in Abhinav Manav Garden is 7% of the guideline value or the sale price, whichever is higher.

Where is the AnnaNagar Sub Registrar Office located?

The AnnaNagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

What is the median guideline value in Koyakbedu?

The median guideline value for streets in Koyakbedu is Rs 4,400 per sq.ft, with Abhinav Manav Garden's value being below this median.