Guideline Value for ABIRAMAPURAM 4TH STREET

Abiramapuram 4th Street guideline value

The current guideline value of Abiramapuram 4th Street is Rs 17,600 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village, under the Mylapore SRO, and is classified as Residential Special Type - III.

How the guideline value of Abiramapuram 4th Street has changed

The guideline value for Abiramapuram 4th Street has undergone several revisions over the years. In 2007, the guideline value was Rs 3,430 per sq.ft, which saw a significant increase to Rs 16,000 per sq.ft in 2012. This change represented a remarkable increase of 366%. The value remained unchanged at Rs 16,000 per sq.ft until the 2023 revision, which then increased to Rs 17,600 per sq.ft in 2024, marking a 10% rise.

There are no figures available for the years 2002, 2003, and 2017 in the register for this street. Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 413%.

Guideline values in Mylapore

In Mylapore village, there are 883 streets under the Mylapore SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median guideline value in this area is Rs 8,800 per sq.ft, placing Abiramapuram 4th Street's 2024 figure above this median.

• Abiramapuram 3rd Street: Rs 17,600 per sq.ft (2024)
• Abiramapuram East 1st Street: Rs 17,600 per sq.ft (2024)
• Abiramapuram 2nd Street: Rs 17,600 per sq.ft (2024)
• Abiramapuram East 2nd Street: Rs 17,600 per sq.ft (2024)
• Abiramapuram 1st Street: Rs 17,600 per sq.ft (2024)
• Abiramapuram East 3rd Street: Rs 17,600 per sq.ft (2024)

Stamp duty and registration fee for property in Abiramapuram 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 17,600 per sq.ft, the total guideline value would be Rs 1,76,00,000. The stamp duty at 7% would amount to Rs 12,32,000, while the registration fee at 2% would be Rs 3,52,000, making the total charges Rs 15,84,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Abiramapuram 4th Street?

The Sub Registrar Office that covers Abiramapuram 4th Street is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Mylapore. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared to 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 appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Abiramapuram 4th Street?

The current guideline value of Abiramapuram 4th Street is Rs 17,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,430 per sq.ft in 2007 to Rs 17,600 per sq.ft in 2024, reflecting an overall increase of 413%.

What is the land classification for Abiramapuram 4th Street?

Abiramapuram 4th Street is classified as Residential Special Type - III.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Abiramapuram 4th Street located?

The Mylapore Sub Registrar Office is located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018.