Guideline Value

Corporate

Guideline Value for Abirami Nagar 1st Lane

₹1540/sq.ft.

The guideline value for Abirami Nagar 1st Lane in Thiruverkadu village (Kunrathur SRO, Chennai zone) is Rs 1540 per sq.ft, effective 1 July 2024. It was Rs 1400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruverkadu

Village

Kunrathur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹1540 /sq.ft.
From 1-4-2023 ₹1400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹938 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1400 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Abirami Nagar 1st Lane

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Abirami Nagar 1st Lane guideline value

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

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

The guideline value for Abirami Nagar 1st Lane has seen several revisions over the years. In 2012, the value was Rs 1,400 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 938 per sq.ft. Following this, the 2023 revision increased the value significantly to Rs 1,400 per sq.ft, and the latest revision in 2024 has further increased it to Rs 1,540 per sq.ft.

Between the revisions, the changes have varied. From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The overall change from 2012 to 2024 shows a slight increase of 10%. Please note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thiruverkadu

In Thiruverkadu, there are 178 streets under the Kunrathur SRO, with guideline values ranging from Rs 1,430 to Rs 3,520 per sq.ft. The median guideline value is Rs 1,540 per sq.ft, which is the same as the current value for Abirami Nagar 1st Lane.

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

For a 1,000 sq.ft plot at the current rate of Rs 1,540 per sq.ft, the 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, bringing the total to Rs 1,38,600. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Abirami Nagar 1st Lane?

The Sub Registrar Office that covers Abirami Nagar 1st Lane 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 an essential factor during the registration of property transactions in Thiruverkadu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the higher of the guideline value and the sale price is considered for calculating the applicable duties and fees. This ensures that the government receives the correct amount based on the current valuation of the property.

Frequently asked questions

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

The current guideline value of Abirami Nagar 1st Lane 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. It then increased to Rs 1,400 per sq.ft in 2023 and is now Rs 1,540 per sq.ft in 2024.

What are the other streets in Thiruverkadu with the same guideline value?

Other streets in Thiruverkadu with the same guideline value of Rs 1,540 per sq.ft include Abirami Nagar 1st Extension, Abirami Nagar 1st Cross Street, Abirami Nagar 2nd Cross Street, Abirami Nagar 2nd Extension, Abirami Nagar 2nd Lane, and Abirami Nagar 3rd Cross Street.

What is the registration fee for properties in Abirami Nagar 1st Lane?

The registration fee for properties in Abirami Nagar 1st Lane is calculated based on the guideline value. For a property valued at Rs 15,40,000, the registration fee would be Rs 30,800 at 2%.

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office by visiting the Kunrathur Sub Registrar Office located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can use the find your SRO tool.