Guideline Value for Abirami Nagar

Abirami Nagar guideline value

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

How the guideline value of Abirami Nagar has changed

The guideline value for Abirami Nagar has seen several revisions over the years. The earliest recorded figure is from 2007, where the guideline value was Rs 600 per sq.ft. This value increased significantly to Rs 2,000 per sq.ft in 2012, marking a 233% rise. However, it then decreased to Rs 1,340 per sq.ft in 2017, which represents a 33% decline. The value continued to rise, reaching Rs 2,000 per sq.ft in 2023, and finally, it increased to Rs 2,200 per sq.ft in 2024, reflecting a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 267%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Irumpuliyur

In Irumpuliyur village, 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. The median guideline value is Rs 2,200 per sq.ft, which is equal to the current figure for Abirami Nagar.

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

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, making the total cost 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.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Abirami Nagar?

The Abirami Nagar area 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 details.

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

The guideline value is a crucial factor when registering property transactions in Irumpuliyur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency and standardization in property dealings.

When you buy or sell property, the guideline value helps in calculating the applicable stamp duty and registration fees, which are mandatory for the legal transfer of property ownership. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Abirami Nagar?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, which is an overall increase of 267%.

What is the land classification of Abirami Nagar?

Abirami Nagar is classified as Residential Special Type - II, which indicates its suitability for residential developments.

What are the stamp duty rates for properties in Abirami Nagar?

The stamp duty for properties in Abirami Nagar is charged at a rate of 7% on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Abirami Nagar located?

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