Guideline Value for Abirami Nagar

Abirami Nagar guideline value

The current guideline value of Abirami Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Ambattur village and falls under the Ambattur Sub Registrar Office (SRO). The land classification for this street is Residential Class IV Type - I.

How the guideline value of Abirami Nagar has changed

The guideline value for Abirami Nagar has seen several revisions over the years. In 2012, the value was set at Rs 2,000 per sq.ft, which was then reduced to Rs 1,340 per sq.ft in the 2017 revision. Following this, the guideline value increased to Rs 2,000 per sq.ft in 2023, and finally, it rose to Rs 2,200 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

In summary, from the 2012 revision to the 2024 revision, the overall change has been an increase of 10%. The 2017 to 2023 revision saw a significant increase of 49%, while the change from 2012 to 2017 was a decrease of 33%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ambattur

In Ambattur village, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,400 to Rs 8,209 per sq.ft, with a median value of Rs 3,600 per sq.ft. The guideline value for Abirami Nagar is below this median.

• Agathiar Street(Ramapuram): Rs 3,600 per sq.ft (2024)
• Alagesan Nagar: Rs 3,600 per sq.ft (2024)
• Ambattur Kuppam: Rs 3,600 per sq.ft (2024)
• Ambattur Kuppam T.P.Scheme: Rs 3,600 per sq.ft (2024)
• Ambedkar Nagar: Rs 1,800 per sq.ft (2024)
• Amman Koil Street: Rs 1,800 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 would be Rs 22,00,000. The stamp duty, charged at 7%, amounts to Rs 1,54,000, while the registration fee at 2% is Rs 44,000. Together, the total cost for these fees would be Rs 1,98,000. It's 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?

The Sub Registrar Office that covers Abirami Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ambattur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring compliance with local regulations.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives appropriate revenue based on the property's value.

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 much has the guideline value changed over the years?

Since 2012, the guideline value has increased from Rs 2,000 to Rs 2,200 per sq.ft in 2024, with a notable increase of 49% from 2017 to 2023.

What is the land classification of Abirami Nagar?

Abirami Nagar is classified as Residential Class IV Type - I, which indicates 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 Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for properties in Abirami Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 22,00,000 would incur a stamp duty of Rs 1,54,000 at 7%.