Guideline Value for Abirami Nagar Main Road

Abirami Nagar Main Road guideline value

The current guideline value of Abirami Nagar Main Road in Irumpuliyur village is Rs 2,200 per sq.ft, effective from 1 July 2024. This property falls under the Tambaram Joint 1 SRO and is classified as Residential Special Type - II.

How the guideline value of Abirami Nagar Main Road has changed

The guideline value for Abirami Nagar Main Road has seen several revisions over the years. In 2007, the guideline value was set at Rs 600 per sq.ft. This figure increased significantly to Rs 2,000 per sq.ft in 2012, marking a 233% rise. However, between 2012 and 2017, the value decreased to Rs 1,340 per sq.ft, a drop of 33%. The value then rose again to Rs 2,000 per sq.ft in 2023, reflecting a 49% increase. The latest revision in 2024 has set the guideline value at Rs 2,200 per sq.ft, representing a 10% increase from the previous year.

There are no figures available for the revisions in 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 Main Road is equal to this median.

• Abirami Nagar (Balaraman Street): Rs 2,200 per sq.ft (2024)
• Abirami Nagar 2-nd Cross St: Rs 2,200 per sq.ft (2024)
• Abirami Street: Rs 2,200 per sq.ft (2024)
• Abirami Nagar 1-st Cross St: Rs 2,200 per sq.ft (2024)
• Abirami Nagar: 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 Main Road

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. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Abirami Nagar Main Road?

The Abirami Nagar Main Road is covered by the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the 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 plays a crucial role in the registration process when buying or selling property in Irumpuliyur. It serves as a benchmark for determining the minimum value at which a property can be registered. This ensures that the government receives appropriate revenue from property transactions.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for completing the transaction. Buyers and sellers must be aware of these values to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Abirami Nagar Main Road?

The current guideline value of Abirami Nagar Main Road is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed significantly, with the value increasing from Rs 600 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, a total increase of 267%.

What are the other streets with the same guideline value in Irumpuliyur?

Several other streets in Irumpuliyur also have a guideline value of Rs 2,200 per sq.ft for 2024, including Abirami Nagar (Balaraman Street), Abirami Nagar 2-nd Cross St, Abirami Street, and Abirami Nagar 1-st Cross St.

Where is the Tambaram Joint 1 SRO located?

The Tambaram Joint 1 Sub Registrar Office is located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone.

How is the stamp duty calculated for properties in Irumpuliyur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a plot valued at Rs 22,00,000, the stamp duty would be calculated at 7% of that amount.