Guideline Value for ABDUL KALAB STREET

Abdul Kalab Street guideline value

The current guideline value of Abdul Kalab Street in Thiruvancheri village is Rs 1,980 per sq.ft, effective from 1 July 2024. This street falls under the Pallavaram Sub Registrar Office (SRO) and is classified as Residential Class I Type - I.

How the guideline value of Abdul Kalab Street has changed

Over the years, the guideline value of Abdul Kalab Street has seen several revisions. The earliest recorded revision is from 2012, where the guideline value was Rs 1,800 per sq.ft. In 2017, it decreased to Rs 1,206 per sq.ft, marking a significant drop of 33%. The 2023 revision increased the value to Rs 1,500 per sq.ft, which was a rise of 24%. The most recent revision in 2024 set the guideline value at Rs 1,980 per sq.ft, reflecting an increase of 32% from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for Abdul Kalab Street.

Guideline values in Thiruvancheri

In Thiruvancheri, there are 70 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 5,000 per sq.ft. The median guideline value for these streets is Rs 1,980 per sq.ft, which is equal to the current guideline value of Abdul Kalab Street.

• Agaram Main Road: Rs 2,200 per sq.ft (2024)
• Ambedkar Street: Rs 1,100 per sq.ft (2024)
• Annai Indira Street: Rs 1,980 per sq.ft (2024)
• Anna Street: Rs 2,530 per sq.ft (2024)
• Babu Jaga Jeevaram Street: Rs 1,980 per sq.ft (2024)
• Bajani Kovil Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Abdul Kalab Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total fees together to Rs 1,78,200. 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 Abdul Kalab Street?

The Sub Registrar Office that covers Abdul Kalab Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Thiruvancheri. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is considered to ensure that the transaction is recorded at a fair value. This helps in maintaining transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of Abdul Kalab Street?

The current guideline value of Abdul Kalab Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,980 per sq.ft in 2024.

What are the stamp duty and registration fees for properties on this street?

For a property of 1,000 sq.ft at the current guideline value, the total stamp duty would be Rs 1,38,600 and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Which Sub Registrar Office covers Abdul Kalab Street?

The Pallavaram Sub Registrar Office covers Abdul Kalab Street, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

Where can I find more information about guideline values in Thiruvancheri?

More information about guideline values in Thiruvancheri can be found in the registration department's guideline value register, which provides details on various streets and their respective values.