Guideline Value for Abirami Nagar 2-nd Cross St

Abirami Nagar 2-nd Cross St guideline value

The current guideline value of Abirami Nagar 2-nd 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 2-nd Cross St has changed

The guideline value for Abirami Nagar 2-nd Cross St has seen several revisions over the years. Starting from Rs 600 per sq.ft in 2007, it increased significantly to Rs 2,000 per sq.ft in 2012, followed by a decrease to Rs 1,340 per sq.ft in 2017. The value then rose sharply to Rs 2,000 per sq.ft in 2023, and currently stands at Rs 2,200 per sq.ft as of the 2024 revision.

Notably, the changes between these revisions are significant. From 2007 to 2012, there was an increase of 233%, but this was followed by a decrease of 33% from 2012 to 2017. The value then jumped by 49% from 2017 to 2023, and finally increased by 10% from 2023 to 2024. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Irumpuliyur

In Irumpuliyur, there are 218 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 6,600 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value of Abirami Nagar 2-nd Cross St aligns with this median.

• Abirami Nagar 1-st Cross St: 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 Nagar: 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 2-nd 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, bringing the total to Rs 1,98,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Abirami Nagar 2-nd Cross St?

The Sub Registrar Office that covers Abirami Nagar 2-nd Cross St is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, 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 is a crucial factor in property transactions within Irumpuliyur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the expected value of the property. It is essential to note that the final transaction value must be at least equal to the guideline value to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value of Abirami Nagar 2-nd Cross St?

The current guideline value of Abirami Nagar 2-nd 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 increased from Rs 600 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, with several fluctuations in between, including a decrease in 2017.

What is the median guideline value in Irumpuliyur?

The median guideline value in Irumpuliyur is Rs 2,200 per sq.ft, which is the same as the current value for Abirami Nagar 2-nd Cross St.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 22,00,000, the total fees would amount to Rs 1,98,000.

Which office handles the registration for Abirami Nagar 2-nd Cross St?

The Tambaram Joint 1 Sub Registrar Office handles the registration for Abirami Nagar 2-nd Cross St, located at No.26, Mes Road, East Tambaram, Chennai-600059.