Guideline Value for Abirami Nagar 1-st Cross St

Abirami Nagar 1-st Cross St guideline value

The current guideline value of Abirami Nagar 1-st Cross St is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Irumpuliyur village under the Tambaram Joint 1 SRO, classified as Residential Special Type - II.

How the guideline value of Abirami Nagar 1-st Cross St has changed

Looking at the revisions, the guideline value for Abirami Nagar 1-st Cross St has seen significant changes over the years. In 2007, the value was Rs 600 per sq.ft, which increased dramatically to Rs 2,000 per sq.ft in 2012. However, this figure dropped to Rs 1,340 per sq.ft in 2017. Following that, the value surged to Rs 2,000 per sq.ft in 2023, and currently stands at Rs 2,200 per sq.ft as of the 2024 revision.

From 2023 to 2024, there was an increase of 10%. The value rose by 49% from 2017 to 2023. The 2012 to 2017 period saw a decline of 33%, while the increase from 2007 to 2012 was a remarkable 233%. Overall, from 2007 to 2024, the guideline value has increased by 267%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Irumpuliyur

In Irumpuliyur village, there are 218 streets under the Tambaram Joint 1 SRO, with the 2024 guideline values ranging from Rs 880 to Rs 6,600 per sq.ft. The median value is Rs 2,200 per sq.ft, which is equal to the current guideline value of Abirami Nagar 1-st Cross St.

• Abirami Nagar 2-nd Cross St: Rs 2,200 per sq.ft (2024)
• Abirami Nagar: Rs 2,200 per sq.ft (2024)
• Abirami Nagar (Balaraman Street): Rs 2,200 per sq.ft (2024)
• Abirami Nagar Main Road: Rs 2,200 per sq.ft (2024)
• Abirami Street: Rs 2,200 per sq.ft (2024)
• Ambethkar Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Abirami Nagar 1-st Cross St

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Abirami Nagar 1-st Cross St?

The Abirami Nagar 1-st Cross St is covered by the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Irumpuliyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a property is sold, the guideline value is compared with the sale price. The higher of the two values is used to calculate the stamp duty and registration fees, ensuring that the transaction is recorded accurately and fairly in the official registry.

Frequently asked questions

What is the current guideline value of Abirami Nagar 1-st Cross St?

The current guideline value of Abirami Nagar 1-st Cross St is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 600 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 267% over this period.

What is the land classification of Abirami Nagar 1-st Cross St?

Abirami Nagar 1-st Cross St is classified as Residential Special Type - II.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering Abirami Nagar 1-st Cross St is located at No.26, Mes Road, East Tambaram, Chennai-600059.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value and the sale price. For example, for a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000, and the registration fee would be Rs 44,000.