Guideline Value for SRI ABIRAMI NAGAR

Sri Abirami Nagar guideline value

The current guideline value of Sri Abirami Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Vallapakkam village, under the Walajabad SRO, and is classified as Residential Class I Type - I.

How the guideline value of Sri Abirami Nagar has changed

The guideline value for Sri Abirami Nagar has undergone several revisions over the years. In the 2012 revision, the guideline value was Rs 300 per sq.ft, which remained unchanged in the 2017 revision, where it was set at Rs 201 per sq.ft. The 2023 revision also maintained the value at Rs 300 per sq.ft. The 2024 revision has kept the guideline value at Rs 300 per sq.ft, resulting in no change from the previous year.

Notably, the guideline value saw a significant increase of 49% from the 2017 revision to the 2023 revision. However, there was a decrease of 33% from the 2012 revision to the 2017 revision. Overall, from 2012 to 2024, the guideline value has remained unchanged.

Guideline values in Vallapakkam

In Vallapakkam, there are 7 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 400 per sq.ft, with the median value being Rs 300 per sq.ft. Sri Abirami Nagar's 2024 figure matches this median.

• Shree Vari Nagar: Rs 300 per sq.ft (2024)
• Sss Nagar: Rs 300 per sq.ft (2024)
• Thirumalai Nagar: Rs 400 per sq.ft (2024)
• M.G Nagar: Rs 400 per sq.ft (2024)
• King Makers: Rs 300 per sq.ft (2024)
• Golden Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Abirami Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total to Rs 27,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Abirami Nagar?

The Sub Registrar Office that covers Sri Abirami Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Vallapakkam. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that the correct amounts are paid to the government.

When buying or selling property, the guideline value helps in establishing a fair price for the transaction. It is essential for both buyers and sellers to 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 Sri Abirami Nagar?

The current guideline value of Sri Abirami Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft from 2012 to 2024, with a notable increase of 49% from 2017 to 2023.

What is the registration office for Sri Abirami Nagar?

The registration office for Sri Abirami Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

How is the stamp duty calculated in Sri Abirami Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 300 per sq.ft incurs a stamp duty of Rs 21,000.

What is the land classification of Sri Abirami Nagar?

Sri Abirami Nagar is classified as Residential Class I Type - I, which indicates its suitability for residential development.