Guideline Value for Abirami Nagar

Abirami Nagar guideline value

The current guideline value of Abirami Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Valarpuram village, under the Sriperumpudur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Abirami Nagar has changed

Looking at the historical revisions, the guideline value for Abirami Nagar has seen several changes. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged in the 2017 revision. However, the 2017 figure of Rs 201 per sq.ft increased by 49% to Rs 300 per sq.ft in the 2023 revision. The current 2024 revision also maintains this value at Rs 300 per sq.ft, showing no change 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 remained unchanged at Rs 300 per sq.ft.

Guideline values in Valarpuram

In Valarpuram, there are 91 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 2,025 per sq.ft. The median value is Rs 300 per sq.ft, which aligns with the guideline value of Abirami Nagar.

• Ambedhkar Street: Rs 100 per sq.ft (2024)
• Anna Nagar 1st Street: Rs 300 per sq.ft (2024)
• Anna Nagar 2nd Street: Rs 300 per sq.ft (2024)
• Anna Nagar 3rd Street: Rs 300 per sq.ft (2024)
• Anna Nagar 4th Street: Rs 300 per sq.ft (2024)
• Arakkonam Main Road: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Abirami Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, leading to a total of Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Abirami Nagar?

The Sub Registrar Office that covers Abirami Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during property transactions in Valarpuram. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees, ensuring that these fees are calculated based on the official valuation of the property.

It is essential for buyers and sellers to be aware of the guideline value as it helps in understanding the financial obligations during the registration process. This value ensures transparency and standardization in property transactions within the area.

Frequently asked questions

What is the current guideline value of Abirami Nagar?

The current guideline value of Abirami Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft in the 2023 and 2024 revisions. It increased from Rs 201 per sq.ft in 2017, and the 2012 revision also set it at Rs 300 per sq.ft.

What is the land classification of Abirami Nagar?

Abirami Nagar is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Abirami Nagar?

The Sub Registrar Office for Abirami Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for property in Abirami Nagar?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000.