Guideline Value for Abiram Nagar

Abiram Nagar guideline value

The current guideline value of Abiram Nagar is Rs 1,500 per sq.ft, as per the 2023 revision. This area is located in Urapakkam village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Abiram Nagar has changed

The guideline value of Abiram Nagar has seen several revisions over the years. In the 2007 revision, the value was Rs 656 per sq.ft. This increased significantly to Rs 1,500 per sq.ft in the 2012 revision, marking a 129% increase. However, in the 2017 revision, the value dropped to Rs 1,005 per sq.ft, which was a decrease of 33%. The most recent revision in 2023 brought the value back up to Rs 1,500 per sq.ft, reflecting a 49% increase from 2017.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 129%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Urapakkam

The guideline value of Abiram Nagar is part of the broader Urapakkam area, which is also governed by the Gooduvancheri SRO. Unfortunately, there are no specific village figures available for Urapakkam. The following are the other streets in Urapakkam:

Stamp duty and registration fee for property in Abiram Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000. Together, the total fees would be Rs 1,35,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Abiram Nagar?

The Sub Registrar Office that covers Abiram Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Urapakkam. It determines the minimum value on which stamp duty and registration fees are calculated. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price of the property.

When registering a property, it is essential to refer to the current guideline value to ensure compliance with legal requirements. This value serves as a benchmark for the transaction and impacts the overall costs involved in the property transfer process.

Frequently asked questions

What is the current guideline value of Abiram Nagar?

The current guideline value of Abiram Nagar is Rs 1,500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 656 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2012, then decreased to Rs 1,005 per sq.ft in 2017, and finally returned to Rs 1,500 per sq.ft in 2023.

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

For a property valued at Rs 15,00,000, the stamp duty would be Rs 1,05,000 and the registration fee would be Rs 30,000, totaling Rs 1,35,000.

Which office handles property registrations in Abiram Nagar?

The Gooduvancheri Sub Registrar Office handles property registrations for Abiram Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is the guideline value determined?

The guideline value is determined by the Registration Department's guideline value register, which is revised periodically to reflect changes in the real estate market.