Guideline Value for ABDUL RAZACK SAHIN STREET (ANNA NAGAR)

Abdul Razack Sahin Street (Anna Nagar) guideline value

The current guideline value of Abdul Razack Sahin Street (Anna Nagar) is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Saidapet village and falls under the Chennai South Joint II SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Abdul Razack Sahin Street (Anna Nagar) has changed

The guideline value for Abdul Razack Sahin Street has undergone several revisions over the years. In 2003, the guideline value was Rs 562 per sq.ft, which increased significantly to Rs 1,300 per sq.ft in 2007. This marked a rise of 131%. The value then saw a substantial jump to Rs 6,000 per sq.ft in 2012, reflecting an increase of 362%. However, from 2012 to 2017, the value decreased to Rs 4,020 per sq.ft, a decline of 33%. By 2023, the guideline value rose to Rs 6,000 per sq.ft, and in the latest revision for 2024, it reached Rs 6,600 per sq.ft, indicating a 10% increase.

Overall, from 2003 to 2024, the guideline value has increased by 1,074%. The register does not provide a figure for the year 2002 for this street.

Guideline values in Saidapet

In Saidapet, there are 106 streets under the Chennai South Joint II SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value for these streets is Rs 4,400 per sq.ft, placing Abdul Razack Sahin Street's 2024 figure above this median.

• Abdul Razack 2nd Street: Rs 6,600 per sq.ft (2024)
• Abdul Razack Street: Rs 6,600 per sq.ft (2024)
• Abdul Razack 1st Street: Rs 6,600 per sq.ft (2024)
• Abith Colony: Rs 4,400 per sq.ft (2024)
• Alandur Road: Rs 6,050 per sq.ft (2024)
• Amma Kannammal Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Abdul Razack Sahin Street (Anna Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, while the registration fee at 2% would be Rs 1,32,000, making the total cost for these fees Rs 5,94,000. It is important to note that 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 details.

Which Sub Registrar Office covers Abdul Razack Sahin Street (Anna Nagar)?

The Sub Registrar Office that covers Abdul Razack Sahin Street (Anna Nagar) is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Saidapet. It is used to determine the stamp duty and registration fees payable, ensuring that the transaction is recorded accurately in the official register. Buyers and sellers must be aware of the current guideline value to avoid any discrepancies during the registration process.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the correct amount based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Abdul Razack Sahin Street?

The current guideline value of Abdul Razack Sahin Street (Anna Nagar) is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 562 per sq.ft in 2003 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of 1,074% over the years.

What is the median guideline value for streets in Saidapet?

The median guideline value for the 106 streets in Saidapet under the Chennai South Joint II SRO is Rs 4,400 per sq.ft, with Abdul Razack Sahin Street's value being above this median.

Where can I find the Sub Registrar Office for Abdul Razack Sahin Street?

The Sub Registrar Office for Abdul Razack Sahin Street is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 66,00,000, the stamp duty would be Rs 4,62,000, and the registration fee would be Rs 1,32,000.