Guideline Value for Abirami Street

Abirami Street guideline value

The current guideline value of Abirami Street in Irumpuliyur village is Rs 2,200 per sq.ft, effective from 1 July 2024. This street falls under the Tambaram Joint 1 SRO and is classified as Residential Special Type - II.

How the guideline value of Abirami Street has changed

The guideline value of Abirami Street has seen several revisions over the years. In the 2007 revision, the value was Rs 600 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in the 2012 revision, marking a rise of 233%. However, the value decreased to Rs 1,340 per sq.ft in the 2017 revision, reflecting a drop of 33%. The 2023 revision saw a substantial increase to Rs 2,000 per sq.ft, followed by a further rise to Rs 2,200 per sq.ft in the 2024 revision, which is a 10% increase from the previous year. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 267%. The changes between the revisions indicate fluctuations in the guideline value, reflecting various factors affecting property valuation over the years.

Guideline values in Irumpuliyur

In Irumpuliyur, there are 218 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 6,600 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, which is equal to the 2024 guideline value of Abirami Street.

• Abirami Nagar Main Road: Rs 2,200 per sq.ft (2024)
• Abirami Nagar (Balaraman Street): Rs 2,200 per sq.ft (2024)
• Abirami Nagar 2-nd Cross St: Rs 2,200 per sq.ft (2024)
• Abirami Nagar 1-st Cross St: Rs 2,200 per sq.ft (2024)
• Abirami Nagar: Rs 2,200 per sq.ft (2024)
• Ambethkar Street: Rs 880 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 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total cost for these fees to Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Abirami Street?

The Sub Registrar Office that covers Abirami Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. To find your SRO, you can visit this link.

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

The guideline value is a crucial factor in property transactions in Irumpuliyur, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate stamp duty and registration fees, which are mandatory for legal documentation.

It is essential for buyers and sellers to be aware of the current guideline value to ensure that they comply with the legal requirements during the registration process. The guideline value helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Abirami Street?

The current guideline value of Abirami Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, showing an overall increase of 267% over the years.

What are the other streets in Irumpuliyur with the same guideline value?

Other streets in Irumpuliyur that share the same guideline value of Rs 2,200 per sq.ft include Abirami Nagar Main Road, Abirami Nagar (Balaraman Street), Abirami Nagar 2-nd Cross St, Abirami Nagar 1-st Cross St, and Abirami Nagar.

What fees are associated with property transactions on Abirami Street?

For a property on Abirami Street, the stamp duty is 7% and the registration fee is 2% of the guideline value. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 1,98,000.

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

The Sub Registrar Office for Abirami Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059. You can find more information on how to locate your SRO through the provided link.