Guideline Value for Abirami Nagar 2nd Cross Street

Abirami Nagar 2nd Cross Street guideline value

The current guideline value of Abirami Nagar 2nd Cross Street 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, classified as Residential Class I Type - I.

How the guideline value of Abirami Nagar 2nd Cross Street has changed

The guideline value for Abirami Nagar 2nd Cross Street has undergone several revisions over the years. In 2012, the value was Rs 1,400 per sq.ft, which decreased to Rs 938 per sq.ft in 2017. However, from 2017 to 2023, the value saw a significant increase of 49%, bringing it to Rs 1,400 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 1,540 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

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 for these streets is Rs 1,540 per sq.ft, which matches the current value of Abirami Nagar 2nd Cross Street.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value would be Rs 15,40,000. The stamp duty at 7% would amount to Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, bringing the total fees to 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.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Abirami Nagar 2nd Cross Street?

The Sub Registrar Office that covers Abirami Nagar 2nd Cross Street 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 during the registration of property transactions in Thiruverkadu. It serves as the basis for calculating the stamp duty and registration fees that buyers must pay when purchasing property in the area.

When selling property, the guideline value helps determine the minimum price at which the property can be registered. This ensures that the transaction is officially recognized and that the appropriate taxes are collected by the government.

Frequently asked questions

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

The current guideline value of Abirami Nagar 2nd Cross Street 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 is the median guideline value in Thiruverkadu?

The median guideline value in Thiruverkadu is Rs 1,540 per sq.ft, which is the same as the current value for Abirami Nagar 2nd Cross Street.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,38,600 based on the current guideline value.

Which office handles property registrations for Abirami Nagar 2nd Cross Street?

The Kunrathur Sub Registrar Office handles property registrations for Abirami Nagar 2nd Cross Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.