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 720 per sq.ft, effective from 1 July 2024. This area is located in Sriperumbudur C village, under the Sriperumpudur SRO, and is classified as Residential Class III Type - IV.

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

The guideline value for Dr.APJ Abdul Kalam Nagar has remained consistent at Rs 720 per sq.ft for the revisions in both 2023 and 2024. Prior to these years, the register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002.

In the 2023 revision, the guideline value was Rs 720 per sq.ft, which did not change in the subsequent 2024 revision, reflecting a change of +0%. The consistent valuation indicates stability in the guideline value for this area over the last two years.

Guideline values in Sriperumbudur C

In Sriperumbudur C, there are 63 streets under the Sriperumpudur SRO that have a 2024 guideline value ranging from Rs 400 to Rs 2,500 per sq.ft. The median value is Rs 720 per sq.ft, which aligns with the guideline value of Dr.APJ Abdul Kalam Nagar.

• Chandra Avenue: Rs 1,206 per sq.ft (2024)
• Bvl Spring Blossoms Extension: Rs 800 per sq.ft (2024)
• Bharani Nagar: Rs 1,200 per sq.ft (2024)
• Jbm Selvi Garden: Rs 804 per sq.ft (2024)
• Aadhithya Nagar: Rs 700 per sq.ft (2024)
• Ramesh Nagar Part II: Rs 720 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 720 per sq.ft, the total guideline value amounts to Rs 7,20,000. The stamp duty at 7% would be Rs 50,400, and the registration fee at 2% would be Rs 14,400, making the total fees together Rs 64,800. It is important to note that the 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 more detailed calculations.

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

The Sub Registrar Office that covers Dr.APJ Abdul Kalam Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Sriperumbudur C. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in this area.

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. This ensures that the registration process is aligned with the official valuation of properties in the region.

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 720 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Dr.APJ Abdul Kalam Nagar has remained at Rs 720 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Dr.APJ Abdul Kalam Nagar?

Dr.APJ Abdul Kalam Nagar is classified as Residential Class III Type - IV. This classification is important for understanding the types of developments permitted in the area.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the higher value between the guideline value and the sale price, while the registration fee is 2%. For example, for a property valued at Rs 7,20,000, the total fees would be Rs 64,800.

Where is the Sub Registrar Office for Dr.APJ Abdul Kalam Nagar located?

The Sub Registrar Office for Dr.APJ Abdul Kalam Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.