Guideline Value for ABDULLA STREET

Abdulla Street guideline value

The current guideline value of Abdulla Street in Puliyur village, under the Kodambakkam SRO, is Rs 6,300 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - III.

How the guideline value of Abdulla Street has changed

The guideline value for Abdulla Street has undergone several revisions over the years. In 2007, the guideline value was Rs 1,400 per sq.ft, which increased significantly to Rs 5,800 per sq.ft in 2012, marking a rise of 314%. However, between 2012 and 2017, the value decreased to Rs 3,886 per sq.ft, a drop of 33%. The most recent revision in 2024 has seen the guideline value rise to Rs 6,300 per sq.ft, reflecting an increase of 62% from the 2017 figure.

It is important to note that there are no figures available for the revisions in 2023, 2003, and 2002 for Abdulla Street. Overall, from 2007 to 2024, the guideline value has increased by 350%.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value for these streets is Rs 5,800 per sq.ft, placing Abdulla Street's 2024 figure above this median.

• Abith Nagar: Rs 6,300 per sq.ft (2024)
• Akbarabad First Street: Rs 8,200 per sq.ft (2024)
• Akbarabad Second Street: Rs 8,200 per sq.ft (2024)
• Alagiri Nagar 1st Street: Rs 6,300 per sq.ft (2024)
• Alagiri Nagar 2nd Street: Rs 6,300 per sq.ft (2024)
• Alagiri Nagar 3rd Street: Rs 6,300 per sq.ft (2024)

Stamp duty and registration fee for property in Abdulla Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,300 per sq.ft, the total guideline value amounts to Rs 63,00,000. The stamp duty at 7% would be Rs 4,41,000, while the registration fee at 2% would be Rs 1,26,000, bringing the total cost for these fees to Rs 5,67,000. 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 precise calculations.

Which Sub Registrar Office covers Abdulla Street?

The Sub Registrar Office that covers Abdulla Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Puliyur. It serves as the basis for calculating the stamp duty and registration fees that must be paid during the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with the legal requirements.

When a property is registered, the guideline value is used to determine the minimum value at which the property can be sold. This ensures that the transaction reflects a fair value in accordance with the local regulations.

Frequently asked questions

What is the current guideline value of Abdulla Street?

The current guideline value of Abdulla Street is Rs 6,300 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 1,400 per sq.ft in 2007 to Rs 6,300 per sq.ft in 2024, with various increases and decreases in between. Notably, there was a 314% increase from 2007 to 2012, followed by a decrease of 33% from 2012 to 2017.

What is the land classification for Abdulla Street?

Abdulla Street is classified as Residential Special Type - III, which indicates its intended use for residential purposes.

Where can I find the Sub Registrar Office for Abdulla Street?

The Kodambakkam Sub Registrar Office covers Abdulla Street and is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How do I calculate stamp duty and registration fees?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the guideline value of Rs 6,300 per sq.ft, the total guideline value would be Rs 63,00,000, leading to specific fees based on that amount.