Guideline Value for Abirami Nagar 10th Street

Abirami Nagar 10th Street guideline value

The current guideline value of Abirami Nagar 10th Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Maduravoyal village, under the Virugambakkam SRO, and is classified as Residential Class V Type - I.

How the guideline value of Abirami Nagar 10th Street has changed

The guideline value for Abirami Nagar 10th Street has seen several revisions over the years. Starting from Rs 186 per sq.ft in 2002, it increased to Rs 204 per sq.ft in 2003, marking a 10% rise. The value then jumped significantly to Rs 400 per sq.ft in 2007, reflecting a 96% increase. In 2012, the value was revised to Rs 2,000 per sq.ft, which was a notable increase of 400% from the previous figure. However, it decreased to Rs 1,340 per sq.ft in 2017, showing a decline of 33%.

From 2017 to 2023, the guideline value rose sharply to Rs 2,000 per sq.ft, which is a 49% increase. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, reflecting a 10% increase from the 2023 figure. There are no figures available for the revisions of years not listed in the register for this street.

Guideline values in Maduravoyal

In Maduravoyal, there are 636 streets under the Virugambakkam SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 6,050 per sq.ft. The median value is Rs 3,050 per sq.ft, indicating that the 2024 guideline value for Abirami Nagar 10th Street is below this median.

• Abirami Nagar 11th Street: Rs 2,200 per sq.ft (2024)
• Abirami Nagar 12th Street: Rs 2,200 per sq.ft (2024)
• Abirami Nagar 1st Street: Rs 2,200 per sq.ft (2024)
• Abirami Nagar 2nd Street: Rs 2,200 per sq.ft (2024)
• Abirami Nagar 3rd Street: Rs 2,200 per sq.ft (2024)
• Abirami Nagar 4th Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Abirami Nagar 10th Street

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, while the registration fee at 2% would be Rs 44,000, bringing the total cost for these fees to 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 Abirami Nagar 10th Street?

The Sub Registrar Office that covers Abirami Nagar 10th Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Maduravoyal. It determines the minimum value at which the property can be registered, ensuring that the transaction is recorded accurately in the government records.

When a property is sold, the buyer and seller must adhere to the guideline value for the purpose of calculating stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Abirami Nagar 10th Street?

The current guideline value of Abirami Nagar 10th Street 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 from Rs 186 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 1083% over the years.

What is the land classification for Abirami Nagar 10th Street?

Abirami Nagar 10th Street is classified as Residential Class V Type - I.

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

The Virugambakkam Sub Registrar Office covers Abirami Nagar 10th Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What are the stamp duty and registration fees for property in this area?

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 1,98,000.