Guideline Value for Abirami Nagar

Abirami Nagar guideline value

The current guideline value of Abirami Nagar, located in Konnur village under the Konnur SRO, is Rs 3,800 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Abirami Nagar has changed

The guideline value for Abirami Nagar has seen significant changes over the years. In 2002, the guideline value was Rs 291 per sq.ft, which increased to Rs 316 per sq.ft in 2003, marking a 9% rise. The value then rose sharply to Rs 700 per sq.ft in 2007, reflecting a 122% increase. By 2012, the value was Rs 3,500 per sq.ft, showing a substantial 400% increase from the previous revision. However, it decreased by 33% to Rs 2,345 per sq.ft in 2017.

In 2023, the guideline value increased to Rs 3,500 per sq.ft, and in the latest revision for 2024, it rose again to Rs 3,800 per sq.ft, which is a 9% increase. Overall, from 2002 to 2024, the guideline value has increased by 1206%.

Guideline values in Konnur

In Konnur, there are 249 streets under the Konnur SRO that have a 2024 guideline value ranging from Rs 2,750 to Rs 7,100 per sq.ft, with the median value being Rs 3,800 per sq.ft. Abirami Nagar's guideline value is equal to this median.

• Adhiyamman Nagar: Rs 5,500 per sq.ft (2024)
• Adhiyamman Street: Rs 5,500 per sq.ft (2024)
• Agasthiar Nagar: Rs 3,800 per sq.ft (2024)
• Akbar Nagar 1 to 4 Street- Akbar Square 1 to 4 Street: Rs 3,800 per sq.ft (2024)
• Ambdekar Street: Rs 3,800 per sq.ft (2024)
• Ambedkar 1st & 2nd Street: Rs 3,800 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 3,800 per sq.ft, the total guideline value amounts to Rs 38,00,000. The stamp duty at 7% would be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total fees together to Rs 3,42,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. 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 Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Konnur. It serves as a benchmark for determining the registration fees and stamp duties that need to be paid during the property transaction process. Buyers and sellers must consider the guideline value to ensure compliance with the legal requirements during registration.

When a property is registered, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the transaction is documented accurately and reflects the value of the property as per the government’s assessment.

Frequently asked questions

What is the current guideline value of Abirami Nagar?

The current guideline value of Abirami Nagar is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2002, the guideline value has increased from Rs 291 per sq.ft to Rs 3,800 per sq.ft in 2024, reflecting an overall increase of 1206%.

What is the land classification for Abirami Nagar?

Abirami Nagar is classified as Residential Class II Type - I.

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

The Sub Registrar Office for Abirami Nagar is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 38,00,000, the total fees would amount to Rs 3,42,000.