Guideline Value for Abirami Nagar 3rd Cross Street

Abirami Nagar 3rd Cross Street guideline value

The current guideline value of Abirami Nagar 3rd Cross Street is Rs 1,540 per sq.ft, effective from 1 July 2024. This street is located in Thiruverkadu village, under the Kunrathur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Abirami Nagar 3rd Cross Street has changed

Looking at the historical revisions, the guideline value for Abirami Nagar 3rd Cross Street has seen several changes. The 2012 revision set the value at Rs 1,400 per sq.ft, which remained until the 2017 revision when it decreased to Rs 938 per sq.ft, marking a decline of 33%. However, it rebounded significantly in the 2023 revision to Rs 1,400 per sq.ft, and then increased again to Rs 1,540 per sq.ft in the 2024 revision, reflecting a 10% rise from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. 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 that carry a 2024 guideline value ranging from Rs 1,430 to Rs 3,520 per sq.ft, with the median value being Rs 1,540 per sq.ft. Abirami Nagar 3rd Cross Street's 2024 figure aligns with this median.

• Abirami Nagar 3rd Lane: Rs 1,540 per sq.ft (2024)
• Abirami Nagar 4th Cross Street: Rs 1,540 per sq.ft (2024)
• Abirami Nagar 4th Lane: Rs 1,540 per sq.ft (2024)
• Abirami Nagar 5th Cross Street: Rs 1,540 per sq.ft (2024)
• Abirami Nagar 2nd Lane: Rs 1,540 per sq.ft (2024)
• Abirami Nagar 2nd Extension: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Abirami Nagar 3rd 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 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, making the total cost for these fees 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 information.

Which Sub Registrar Office covers Abirami Nagar 3rd Cross Street?

The Sub Registrar Office that covers Abirami Nagar 3rd 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 details.

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

The guideline value plays a crucial role during the registration of 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 the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the guideline value as it affects the overall cost of the transaction. Buyers should ensure that the sale price is equal to or higher than the guideline value to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value of Abirami Nagar 3rd Cross Street?

The current guideline value of Abirami Nagar 3rd 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 back to Rs 1,400 per sq.ft in 2023, and finally to Rs 1,540 per sq.ft in 2024.

What is the land classification of Abirami Nagar 3rd Cross Street?

Abirami Nagar 3rd Cross Street is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for properties 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.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069, and it covers Abirami Nagar 3rd Cross Street.