Guideline Value

Corporate

Guideline Value for Abirami Nagar

₹275/sq.ft.

The guideline value for Abirami Nagar in Atthivakkam village (Redhills SRO, Chennai zone) is Rs 275 per sq.ft, effective 1 July 2024. It was Rs 250 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Atthivakkam

Village

Redhills

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹275 /sq.ft.
From 1-4-2023 ₹250 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹167 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹250 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹100 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹22 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Abirami Nagar

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Abirami Nagar guideline value

The current guideline value of Abirami Nagar is Rs 275 per sq.ft, effective from 1 July 2024. This locality is situated in Atthivakkam village and falls under the Redhills SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Abirami Nagar has changed

The guideline value for Abirami Nagar has seen significant changes over the years. The earliest recorded figure is from 2003, where the guideline value was Rs 22 per sq.ft. This value increased to Rs 100 per sq.ft in 2007, marking a substantial rise of 355%. In 2012, the value remained unchanged at Rs 250 per sq.ft, before decreasing to Rs 167 per sq.ft in 2017, which represented a decline of 33%. However, from 2017 to 2023, the value surged by 50% to reach Rs 250 per sq.ft, and it further increased by 10% to the current value of Rs 275 per sq.ft in the 2024 revision.

It is important to note that there is no figure for Abirami Nagar in the 2002 revision. Overall, from 2003 to 2024, the guideline value has increased by an impressive 1150%.

Guideline values in Atthivakkam

In Atthivakkam, there are 27 streets under the Redhills SRO that carry a guideline value for 2024, ranging from Rs 275 to Rs 1,400 per sq.ft. The median guideline value for these streets is Rs 440 per sq.ft, indicating that the guideline value for Abirami Nagar is below the median.

Stamp duty and registration fee for property in Abirami Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 275 per sq.ft, the total guideline value amounts to Rs 2,75,000. The stamp duty at 7% would be Rs 19,250, and the registration fee at 2% would be Rs 5,500, making the total cost for these fees Rs 24,750. It is essential 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 detailed calculations.

Which Sub Registrar Office covers Abirami Nagar?

The Sub Registrar Office that covers Abirami Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Atthivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is referenced to calculate the applicable stamp duty and registration fees. Buyers should be aware that these costs are based on the guideline value or the sale price, whichever is higher, ensuring transparency in property transactions.

Frequently asked questions

What is the current guideline value of Abirami Nagar?

The current guideline value of Abirami Nagar is Rs 275 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 22 per sq.ft in 2003 to Rs 275 per sq.ft in 2024, reflecting an overall increase of 1150% over the years.

What is the land classification for Abirami Nagar?

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

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at Rs 275 per sq.ft, the total fees amount to Rs 24,750.

Which Sub Registrar Office covers Abirami Nagar?

The Redhills Sub Registrar Office covers Abirami Nagar, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.