Guideline Value for Abirami Nagar 6th Cross Street

Abirami Nagar 6th Cross Street guideline value

The current guideline value of Abirami Nagar 6th 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. The land classification for this area is Residential Class I Type - I.

How the guideline value of Abirami Nagar 6th Cross Street has changed

The guideline value for Abirami Nagar 6th Cross Street has seen several revisions over the years. In 2012, the guideline value was Rs 1,400 per sq.ft, which then changed to Rs 938 per sq.ft in 2017, reflecting a decrease of 33%. Following this, the value increased significantly to Rs 1,400 per sq.ft in 2023, and then to Rs 1,540 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2012 to 2024, the overall change in the guideline value is an increase of 10%. It is important to note that there are no figures available for the revisions in 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. The median value for these streets is Rs 1,540 per sq.ft, which is the same as the current guideline value for Abirami Nagar 6th Cross Street.

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

Stamp duty and registration fee for property in Abirami Nagar 6th 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, resulting in a total of 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 details.

Which Sub Registrar Office covers Abirami Nagar 6th Cross Street?

The Sub Registrar Office that covers Abirami Nagar 6th 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 plays a crucial role when buying or selling property in Thiruverkadu. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers should be aware that the guideline value is set by the government and can vary based on the location and type of property.

When a property is sold, the sale price may be higher than the guideline value, but the stamp duty will be charged on whichever value is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Abirami Nagar 6th Cross Street?

The current guideline value of Abirami Nagar 6th 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 to Rs 1,400 per sq.ft in 2023, and finally to Rs 1,540 per sq.ft in 2024.

What are the stamp duty and registration fees for a property 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.

Which office handles registrations for this street?

The Kunrathur Sub Registrar Office handles registrations for Abirami Nagar 6th Cross Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Abirami Nagar 6th Cross Street?

The land classification for Abirami Nagar 6th Cross Street is Residential Class I Type - I.