Guideline Value for Abirami Street

Abirami Street guideline value

The current guideline value of Abirami Street is Rs 1,800 per sq.ft, effective from 1 July 2024. This street is located in Selaiyur village, under the Selaiyur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Abirami Street has changed

The guideline value of Abirami Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,800 per sq.ft, which is an increase of 6% from the 2023 revision of Rs 1,700 per sq.ft. Prior to that, the 2017 revision recorded a value of Rs 1,139 per sq.ft, marking a significant increase of 49% from the previous 2023 figure. The 2012 revision also had a value of Rs 1,700 per sq.ft, which was a decrease of 33% from the 2017 value.

There are no figures available for the revisions in 2002, 2003, and 2007 for Abirami Street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 6%.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 850 to Rs 6,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, which means that Abirami Street's current guideline value is below the median.

• Adhilakshmi Cross Street: Rs 1,100 per sq.ft (2024)
• Adhilakshmi Street: Rs 1,100 per sq.ft (2024)
• Adhi Nagar: Rs 1,600 per sq.ft (2024)
• Adhi Nagar Kattapomman Street: Rs 1,600 per sq.ft (2024)
• Adhi Nagar Rajaji Cross Street: Rs 1,600 per sq.ft (2024)
• Adhi Nagar Veerabadran Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Abirami Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,800 per sq.ft, the total guideline value amounts to Rs 18,00,000. The stamp duty at 7% would be Rs 1,26,000, and the registration fee at 2% would be Rs 36,000, bringing the total cost to Rs 1,62,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Abirami Street?

The Sub Registrar Office that covers Abirami Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Selaiyur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value of Abirami Street?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,700 per sq.ft in 2023 to Rs 1,800 per sq.ft in 2024, marking a 6% increase. It was Rs 1,139 per sq.ft in 2017 and Rs 1,700 per sq.ft in 2012.

What is the land classification of Abirami Street?

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

How does the guideline value compare to other streets in Selaiyur?

Abirami Street's guideline value of Rs 1,800 per sq.ft is below the median value of Rs 2,200 per sq.ft for the 478 streets in Selaiyur under the Selaiyur SRO.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.