Guideline Value for Abirami Nagar

Abirami Nagar guideline value

The current guideline value of Abirami Nagar, located in Chennerkuppam village under the Kunrathur SRO, is Rs 1,540 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - II land classification.

How the guideline value of Abirami Nagar has changed

The guideline value for Abirami Nagar has seen significant changes over the years. In the 2007 revision, the value was Rs 300 per sq.ft, which increased dramatically to Rs 1,400 per sq.ft in 2012. However, this figure dropped to Rs 938 per sq.ft in the 2017 revision, marking a decrease of 33%. The value then rose sharply to Rs 1,400 per sq.ft in 2023, and further increased by 10% to the current rate of Rs 1,540 per sq.ft in 2024.

There are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 413%, reflecting the changes across these revisions.

Guideline values in Chennerkuppam

In Chennerkuppam, there are 74 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,895 per sq.ft, with the median value being Rs 1,540 per sq.ft. The guideline value for Abirami Nagar is equal to this median.

• Anna Nagar: Rs 1,540 per sq.ft (2024)
• Arunachalam Nagar: Rs 1,815 per sq.ft (2024)
• Ashtalakshmi Avenue Phase IV: Rs 4,105 per sq.ft (2024)
• Astalakshmi Avenue phase 1, 2, 3: Rs 1,540 per sq.ft (2024)
• Audco Nagar & phase1& phase 2: Rs 1,540 per sq.ft (2024)
• Avadi Road: Rs 4,620 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 1,540 per sq.ft, the total guideline value would be Rs 15,40,000. The stamp duty at 7% would amount to Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, making the total cost for these fees Rs 1,38,600. It is 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 detailed calculations.

Which Sub Registrar Office covers Abirami Nagar?

The Sub Registrar Office that covers Abirami Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069, within the Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Chennerkuppam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value helps both parties understand the market value of the property. It is essential for buyers to be aware of the guideline value to avoid overpaying and for sellers to set realistic expectations regarding their property's worth.

Frequently asked questions

What is the current guideline value of Abirami Nagar?

The current guideline value of Abirami Nagar is Rs 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 1,540 per sq.ft in 2024, showing an overall increase of 413% over this period.

What is the land classification of Abirami Nagar?

Abirami Nagar falls under the Residential Class I Type - II land classification.

What are the stamp duty and registration fees for properties in Abirami Nagar?

For a property valued at Rs 15,40,000, the stamp duty would be Rs 1,07,800 and the registration fee would be Rs 30,800, totaling Rs 1,38,600.

Where is the Sub Registrar Office for Abirami Nagar located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.