Guideline Value for Abibullah Nagar

Abibullah Nagar guideline value

The current guideline value of Abibullah Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Mudichur village under the Padappai SRO, and the land classification is Residential Special Type - I.

How the guideline value of Abibullah Nagar has changed

The guideline value for Abibullah Nagar has seen several revisions over the years. In 2012, the guideline value was set at Rs 2,000 per sq.ft. This figure remained until the 2017 revision, where it decreased to Rs 1,340 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 2,000 per sq.ft, which is a rise of 49%. The most recent revision in 2024 saw the guideline value increase to Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for Abibullah Nagar. Overall, comparing the 2012 figure to the 2024 figure shows a modest increase of 10% over the twelve-year period.

Guideline values in Mudichur

Mudichur village has a total of 135 streets under the Padappai SRO, with the 2024 guideline values ranging from Rs 880 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, which is the same as the current value for Abibullah Nagar.

• Abirami Nagar: Rs 2,200 per sq.ft (2024)
• Adhi Lakshmi Street: Rs 1,760 per sq.ft (2024)
• Adhimoolar Street: Rs 1,210 per sq.ft (2024)
• Alamelu Nagar: Rs 1,210 per sq.ft (2024)
• A.L.S. Greenland: Rs 1,210 per sq.ft (2024)
• A.L.S.Nagar: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Abibullah Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000. Together, these fees would total Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Abibullah Nagar?

The Sub Registrar Office that covers Abibullah Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is an essential factor in the registration of property transactions in Mudichur. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property in the area. Buyers and sellers should be aware of the current guideline value to ensure compliance with the regulations set by the Registration Department.

When a property is registered, the guideline value serves as a reference point for the transaction. If the sale price is higher than the guideline value, the stamp duty will be calculated based on the sale price instead. This ensures that the correct fees are applied during the registration process.

Frequently asked questions

What is the current guideline value of Abibullah Nagar?

The current guideline value of Abibullah Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Abibullah Nagar has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then back to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

Which Sub Registrar Office covers Abibullah Nagar?

The Padappai Sub Registrar Office covers Abibullah Nagar, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

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

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 22,00,000, the total fees would amount to Rs 1,98,000.

Where can I find more information about guideline values in Mudichur?

For more information about guideline values in Mudichur, you can refer to the Registration Department's guideline value register (TNReginet) or visit the Padappai Sub Registrar Office.