Guideline Value for Sri Abirami Nagar

Sri Abirami Nagar guideline value

The current guideline value of Sri Abirami Nagar is Rs 1,540 per sq.ft, effective from 1 July 2024. This area is located in Thiruverkadu village and falls under the Kunrathur SRO, classified as Residential Class I Type - I.

How the guideline value of Sri Abirami Nagar has changed

Since the 2007 revision, the guideline value has seen significant changes. The 2007 revision set the value at Rs 250 per sq.ft, which increased dramatically to Rs 1,400 per sq.ft in 2012, marking a 460% rise. However, the value then decreased to Rs 938 per sq.ft in 2017, representing a 33% drop. The value continued to rise, reaching Rs 1,400 per sq.ft in 2023, and then increased by 10% to Rs 1,540 per sq.ft in the 2024 revision.

Overall, from 2007 to 2024, the guideline value has increased by 516%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Thiruverkadu

In Thiruverkadu, there are 178 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 1,430 to Rs 3,520 per sq.ft. The median value is Rs 1,540 per sq.ft, which matches the guideline value of Sri Abirami Nagar.

• Sree Balaji Govinda nagar: Rs 1,540 per sq.ft (2024)
• Sooryanarayanan Road: Rs 1,540 per sq.ft (2024)
• Sri Devi Karumariamman nagar Extension: Rs 1,540 per sq.ft (2024)
• Sri Devi Karumariyamman Nagar: Rs 1,540 per sq.ft (2024)
• Sri Devi Nagar 2nd Cross Street: Rs 1,540 per sq.ft (2024)
• Sri Devi Nagar 3rd Cross street: Rs 1,540 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 rate of Rs 1,540 per sq.ft, the guideline value is Rs 15,40,000. The stamp duty at 7% amounts to Rs 1,07,800, and the registration fee at 2% is Rs 30,800, totaling Rs 1,38,600. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Abirami Nagar?

The Sub Registrar Office covering Sri Abirami Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Thiruverkadu. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When buying or selling property, the guideline value helps to establish a fair transaction price, as it reflects the government's assessment of property values in the area. Buyers and sellers should be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Sri Abirami Nagar?

The current guideline value for Sri Abirami Nagar is Rs 1,540 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 250 per sq.ft in 2007 to Rs 1,540 per sq.ft in 2024, marking an overall increase of 516% over this period.

What are the stamp duty and registration fees for property in Sri Abirami Nagar?

For a property valued at Rs 15,40,000, the stamp duty is Rs 1,07,800 and the registration fee is Rs 30,800, totaling Rs 1,38,600.

Which office handles property registrations in Sri Abirami Nagar?

The Kunrathur Sub Registrar Office handles property registrations for Sri Abirami Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the median guideline value for streets in Thiruverkadu?

The median guideline value for streets in Thiruverkadu is Rs 1,540 per sq.ft, which is the same as the guideline value for Sri Abirami Nagar.