Guideline Value for Sri Abirami Nagar Extention - 1

Sri Abirami Nagar Extention - 1 guideline value

The current guideline value for Sri Abirami Nagar Extention - 1 is Rs 550 per sq.ft, effective from 1 July 2024. This property is located in Pammathukulam village, under the Redhills SRO, and is classified as Residential Class II Type - I.

How the guideline value of Sri Abirami Nagar Extention - 1 has changed

The guideline value for Sri Abirami Nagar Extention - 1 has undergone several revisions over the years. In 2007, the value was Rs 100 per sq.ft, which increased significantly to Rs 500 per sq.ft in 2012, marking a rise of 400%. However, it then decreased to Rs 335 per sq.ft in 2017, a drop of 33%. The value saw a substantial increase to Rs 500 per sq.ft in 2023, followed by a further rise to Rs 550 per sq.ft in 2024, reflecting a 10% increase.

There are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 450%.

Guideline values in Pammathukulam

Pammathukulam village has a total of 101 streets under the Redhills SRO, with the 2024 guideline values ranging from Rs 330 to Rs 825 per sq.ft. The median guideline value for these streets is Rs 550 per sq.ft, which matches the current value of Sri Abirami Nagar Extention - 1.

• Sri Abirami Nagar Extention: Rs 550 per sq.ft (2024)
• Sri Abirami Nagar Extn - II: Rs 550 per sq.ft (2024)
• Sri Abirami Nagar: Rs 550 per sq.ft (2024)
• Sri Balaji Nagar: Rs 330 per sq.ft (2024)
• Southern Railway Employees Nagar: Rs 550 per sq.ft (2024)
• Sri Ganapathy Nagar: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Abirami Nagar Extention - 1

For a 1,000 sq.ft plot at the current rate of Rs 550 per sq.ft, the guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, while the registration fee at 2% would be Rs 11,000, bringing the total to Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Sri Abirami Nagar Extention - 1?

The Sub Registrar Office covering Sri Abirami Nagar Extention - 1 is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. For more details, you can find your SRO.

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

The guideline value plays a crucial role in property transactions in Pammathukulam. It serves as the basis for calculating the stamp duty and registration fees when buying or selling property. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When registering a property, the guideline value is used to determine the applicable fees. It is essential for both parties to understand that the duty is charged on the higher of the guideline value or the sale price, ensuring that all transactions are conducted fairly and transparently.

Frequently asked questions

What is the current guideline value of Sri Abirami Nagar Extention - 1?

The current guideline value of Sri Abirami Nagar Extention - 1 is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 100 per sq.ft in 2007 to Rs 550 per sq.ft in 2024, marking an overall increase of 450%.

What is the land classification for Sri Abirami Nagar Extention - 1?

Sri Abirami Nagar Extention - 1 is classified as Residential Class II Type - I.

What are the other streets in Pammathukulam with similar guideline values?

Several other streets in Pammathukulam have a guideline value of Rs 550 per sq.ft, including Sri Abirami Nagar Extn - II and Southern Railway Employees Nagar.

Where is the Redhills Sub Registrar Office located?

The Redhills Sub Registrar Office is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.