Guideline Value for Abu Nagar

Abu Nagar guideline value

The current guideline value for Abu Nagar, located in Thirupanthiyoor village under the Sunguvarchattram SRO, is Rs 400 per sq.ft. This value is effective from 1 July 2024.

How the guideline value of Abu Nagar has changed

The guideline value for Abu Nagar has seen several revisions over the years. In 2007, the value was set at Rs 50 per sq.ft, which increased significantly to Rs 400 per sq.ft in 2012. However, this value remained unchanged until the 2017 revision, which saw an increase to Rs 268 per sq.ft. The guideline value then rose to Rs 400 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years.

From 2012 to 2017, there was a decrease of 33%, followed by a substantial increase of 49% from 2017 to 2023. Overall, from the 2007 revision to the current 2024 guideline value, there has been a remarkable increase of 700%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Thirupanthiyoor

In Thirupanthiyoor village, there are 53 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 900 per sq.ft. The median value for these streets is Rs 350 per sq.ft, placing Abu Nagar's 2024 figure above the median.

• Ambethkar Street: Rs 200 per sq.ft (2024)
• Amman Kovil Street: Rs 250 per sq.ft (2024)
• Angel Avenue: Rs 450 per sq.ft (2024)
• Angel Town: Rs 450 per sq.ft (2024)
• Anna Street: Rs 200 per sq.ft (2024)
• Anthoniyarpuram: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Abu Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty, charged at 7%, would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total fees to Rs 36,000. It is important 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 details.

Which Sub Registrar Office covers Abu Nagar?

The Sub Registrar Office covering Abu Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thirupanthiyoor. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on either the guideline value or the sale price, whichever is higher, to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value for Abu Nagar?

The current guideline value for Abu Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most significant increase occurring from Rs 50 per sq.ft in 2007 to Rs 400 per sq.ft in 2012, and it has remained at Rs 400 per sq.ft since 2012, except for a revision to Rs 268 per sq.ft in 2017.

What are the stamp duty rates for properties in Abu Nagar?

The stamp duty for properties in Abu Nagar is 7% of the guideline value or sale price, whichever is higher. For example, a property valued at Rs 4,00,000 would incur a stamp duty of Rs 28,000.

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

The Sub Registrar Office for Abu Nagar is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find more information through the provided link.

What is the median guideline value in Thirupanthiyoor?

The median guideline value in Thirupanthiyoor for the year 2024 is Rs 350 per sq.ft, with Abu Nagar's value being above this median.