Guideline Value for Dr.Abdul kalam nagar

Dr.Abdul kalam nagar guideline value

The current guideline value of Dr.Abdul kalam nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Sethupattu village, under the Sriperumpudur SRO, and is classified as Residential Special Type - II.

How the guideline value of Dr.Abdul kalam nagar has changed

The guideline value for Dr.Abdul kalam nagar has seen several revisions over the years. The most recent revision in 2024 maintains the value at Rs 200 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the guideline value was Rs 134 per sq.ft, reflecting a significant increase of 49% to the 2023 figure. The 2012 revision also set the value at Rs 200 per sq.ft, which was a decrease of 33% from the 2017 figure. Notably, the register has no figures for the years 2002, 2003, and 2007 for this street.

Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 200 per sq.ft. This consistency indicates that the value has stabilized in recent years, particularly after the fluctuations observed between 2012 and 2017.

Guideline values in Sethupattu

Sethupattu village features 23 streets under the Sriperumpudur SRO, with a 2024 guideline value range from Rs 150 to Rs 1,500 per sq.ft. The median value for these streets is Rs 300 per sq.ft, placing Dr.Abdul kalam nagar's 2024 value below this median.

• Bungalow street: Rs 300 per sq.ft (2024)
• Green City: Rs 1,500 per sq.ft (2024)
• Highway Avenue: Rs 200 per sq.ft (2024)
• Anna Nagar -II: Rs 400 per sq.ft (2024)
• Ambani Nagar: Rs 200 per sq.ft (2024)
• Mahalakshmi Nagar (Phase-I) (EDEN GARDEN): Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Dr.Abdul kalam nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Dr.Abdul kalam nagar?

The Dr.Abdul kalam nagar area falls under the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for additional assistance.

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

The guideline value plays a crucial role during property transactions in Sethupattu. It is used to calculate the stamp duty and registration fees that are applicable when registering a property. Buyers and sellers must be aware that these fees are based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for ensuring compliance with legal requirements during property transfers. It helps in determining the financial obligations associated with the purchase or sale of property in the area.

Frequently asked questions

What is the current guideline value of Dr.Abdul kalam nagar?

The current guideline value of Dr.Abdul kalam nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft from 2012 to 2024, with a previous figure of Rs 134 per sq.ft in 2017. The value increased by 49% from 2017 to 2023, but saw no change from 2023 to 2024.

What is the classification of land in Dr.Abdul kalam nagar?

Dr.Abdul kalam nagar is classified as Residential Special Type - II, indicating its suitability for residential development.

Where can I find the Sriperumpudur Sub Registrar Office?

The Sriperumpudur Sub Registrar Office is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for properties in Dr.Abdul kalam nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 2,00,000 would incur a stamp duty of Rs 14,000 at 7%.