Guideline Value for DR. APJ ABDUL KALAM NAGAR

Dr. Apj Abdul Kalam Nagar guideline value

The current guideline value of Dr. Apj Abdul Kalam Nagar is Rs 805 per sq.ft, effective from 1 July 2024. This area is located in Paandoor village, under the Thiruporur SRO, and is classified as Mixed Type - III land.

How the guideline value of Dr. Apj Abdul Kalam Nagar has changed

The guideline value for Dr. Apj Abdul Kalam Nagar has undergone several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 800 per sq.ft. This was followed by a decrease to Rs 536 per sq.ft in 2017. The 2023 revision saw an increase to Rs 800 per sq.ft, and the most recent revision in 2024 set the value at Rs 805 per sq.ft, reflecting a 1% increase from the previous year.

Between the revisions, significant changes occurred. From 2017 to 2023, the value increased by 49%, while from 2012 to 2017, it decreased by 33%. Overall, comparing the values from 2012 to 2024, there has been a slight increase of 1%. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Paandoor

In Paandoor village, there are 35 streets under the Thiruporur SRO that carry a 2024 guideline value ranging from Rs 450 to Rs 3,300 per sq.ft, with a median value of Rs 1,493 per sq.ft. The guideline value for Dr. Apj Abdul Kalam Nagar is below this median.

• Cosmo City: Rs 1,614 per sq.ft (2024)
• Gmr Avenue: Rs 600 per sq.ft (2024)
• Bavisha Gardens: Rs 1,493 per sq.ft (2024)
• Jai Avenue: Rs 1,493 per sq.ft (2024)
• Arul Murugan Nagar: Rs 450 per sq.ft (2024)
• Amar Garden Phase I: Rs 2,000 per sq.ft (2024)

Stamp duty and registration fee for property in Dr. Apj Abdul Kalam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 805 per sq.ft, the total guideline value amounts to Rs 8,05,000. The stamp duty at 7% would be Rs 56,350, and the registration fee at 2% would be Rs 16,100, totaling Rs 72,450. It is important to note that 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 further assistance.

Which Sub Registrar Office covers Dr. Apj Abdul Kalam Nagar?

The Sub Registrar Office that covers Dr. Apj Abdul Kalam Nagar is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Paandoor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property transaction occurs, the guideline value is used to calculate the applicable fees. This means that both parties must be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Dr. Apj Abdul Kalam Nagar?

The current guideline value of Dr. Apj Abdul Kalam Nagar is Rs 805 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, from Rs 800 in 2012 to Rs 536 in 2017, then back to Rs 800 in 2023, and finally to Rs 805 in 2024.

What is the land classification of Dr. Apj Abdul Kalam Nagar?

Dr. Apj Abdul Kalam Nagar is classified as Mixed Type - III land.

Where can I find the Sub Registrar Office for Dr. Apj Abdul Kalam Nagar?

The Sub Registrar Office for Dr. Apj Abdul Kalam Nagar is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

How is the stamp duty calculated for property in Dr. Apj Abdul Kalam Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 8,05,000, the stamp duty would be Rs 56,350 at 7%.