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Guideline Value

Corporate

Guideline Value for Abirami Nagar 4th Cross Street

₹1540/sq.ft.

The guideline value for Abirami Nagar 4th Cross Street 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 4th Cross Street

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Abirami Nagar 4th Cross Street guideline value

The current guideline value of Abirami Nagar 4th 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 it falls under the Residential Class I Type - I land classification.

How the guideline value of Abirami Nagar 4th Cross Street has changed

The guideline value for Abirami Nagar 4th Cross Street has undergone several revisions over the years. In 2012, the value was set at Rs 1,400 per sq.ft. This figure then decreased to Rs 938 per sq.ft in 2017. However, from 2017 to 2023, the guideline value increased significantly by 49%, reaching Rs 1,400 per sq.ft in 2023. The most recent revision in 2024 has seen the guideline value rise to Rs 1,540 per sq.ft, marking a 10% increase from the previous year.

It is important to note that there are no figures available for the years 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 that carry a 2024 guideline value, 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 is equal to the current value of Abirami Nagar 4th Cross Street.

Stamp duty and registration fee for property in Abirami Nagar 4th 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, while the registration fee at 2% would be Rs 30,800. Together, the total cost for stamp duty and registration would be 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 the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Abirami Nagar 4th Cross Street?

The Sub Registrar Office that covers Abirami Nagar 4th Cross Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when buying or selling property in Thiruverkadu. It is used to determine the stamp duty and registration fees applicable during the property registration process. Buyers should be aware that the guideline value serves as a benchmark for the minimum value at which a property can be registered.

When a property is sold, the guideline value is compared with the sale price. The stamp duty is charged on the higher of the two values, ensuring that the registration reflects a fair value for the property being transferred.

Frequently asked questions

What is the current guideline value of Abirami Nagar 4th Cross Street?

The current guideline value of Abirami Nagar 4th 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 land classification for Abirami Nagar 4th Cross Street?

Abirami Nagar 4th Cross Street is classified as Residential Class I Type - I.

Where can I find the Kunrathur Sub Registrar Office?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for properties in Thiruverkadu?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 15,40,000, the stamp duty would be calculated at 7% of that amount.