Guideline Value for Abirami Nagar 1st Extension

Abirami Nagar 1st Extension guideline value

The current guideline value of Abirami Nagar 1st Extension is Rs 1,540 per sq.ft, effective from 1 July 2024. This area is located in Thiruverkadu village and falls under the Kunrathur SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Abirami Nagar 1st Extension has changed

The guideline value for Abirami Nagar 1st Extension has undergone several revisions over the years. The earliest available figure is from the 2012 revision, which was Rs 1,400 per sq.ft. This was followed by a decrease to Rs 938 per sq.ft in the 2017 revision. The value then increased significantly to Rs 1,400 per sq.ft in the 2023 revision, and finally to Rs 1,540 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

From 2012 to 2017, there was a decrease of 33%, but the overall change from 2012 to 2024 shows an increase of 10%. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Thiruverkadu

In Thiruverkadu, 178 streets under the Kunrathur SRO have a 2024 guideline value ranging from Rs 1,430 to Rs 3,520 per sq.ft. The median value for these streets is Rs 1,540 per sq.ft, which matches the current guideline value of Abirami Nagar 1st Extension.

• Abirami Nagar 1st Cross Street: Rs 1,540 per sq.ft (2024)
• Abirami Nagar 1st Lane: Rs 1,540 per sq.ft (2024)
• Abirami Nagar 2nd Cross Street: Rs 1,540 per sq.ft (2024)
• Abirami Nagar 2nd Extension: Rs 1,540 per sq.ft (2024)
• Abirami Nagar 2nd Lane: Rs 1,540 per sq.ft (2024)
• Abirami Nagar 3rd Cross Street: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Abirami Nagar 1st Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value amounts to Rs 15,40,000. The stamp duty at 7% would be Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, totaling Rs 1,38,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Abirami Nagar 1st Extension?

The Sub Registrar Office covering Abirami Nagar 1st Extension is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Thiruverkadu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the fair value of the property. It is essential to be aware of these values to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Abirami Nagar 1st Extension?

The current guideline value of Abirami Nagar 1st Extension is Rs 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,400 per sq.ft in 2012 to Rs 938 per sq.ft in 2017, then increased to Rs 1,400 per sq.ft in 2023, and finally to Rs 1,540 per sq.ft in 2024.

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

For a property valued at Rs 15,40,000, the stamp duty would be Rs 1,07,800, and the registration fee would be Rs 30,800, totaling Rs 1,38,600.

Which Sub Registrar Office covers this area?

The Kunrathur Sub Registrar Office covers Abirami Nagar 1st Extension, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Abirami Nagar 1st Extension?

The land classification for Abirami Nagar 1st Extension is Residential Class I Type - I.