Guideline Value for ABULKALAM ASATH 2ND STREET

Abulkalam Asath 2nd Street guideline value

The current guideline value of Abulkalam Asath 2nd Street is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Ariyanvoyal village under the Ponneri SRO, and it falls under the Residential Class I Type - I land classification.

How the guideline value of Abulkalam Asath 2nd Street has changed

Over the years, the guideline value for Abulkalam Asath 2nd Street has seen several revisions. The 2012 revision set the value at Rs 400 per sq.ft, which was then reduced to Rs 268 per sq.ft in 2017. Following this, the value increased significantly to Rs 400 per sq.ft in 2023, and then to Rs 440 per sq.ft in 2024. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a substantial increase of 49%. The most recent change from 2023 to 2024 reflects a 10% increase, resulting in the current guideline value of Rs 440 per sq.ft.

Guideline values in Ariyanvoyal

Ariyanvoyal village has 26 streets under the Ponneri SRO with a 2024 guideline value ranging from Rs 330 to Rs 880 per sq.ft. The median value for these streets is Rs 330 per sq.ft, placing Abulkalam Asath 2nd Street above this median.

• Abulkalam Asath 3rd Street: Rs 440 per sq.ft (2024)
• Abulkalam Asath Street: Rs 440 per sq.ft (2024)
• Arutprakas Vallalar Nagar: Rs 330 per sq.ft (2024)
• Babu Nagar: Rs 440 per sq.ft (2024)
• Danal Thangavel Nagar: Rs 330 per sq.ft (2024)
• Elango Nagar: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Abulkalam Asath 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, and the registration fee at 2% would be Rs 8,800, resulting in a total cost of Rs 39,600. It's important to note that the 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 detailed calculations.

Which Sub Registrar Office covers Abulkalam Asath 2nd Street?

The Sub Registrar Office covering Abulkalam Asath 2nd Street is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for further assistance.

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

When buying or selling property in Ariyanvoyal, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is used as a benchmark for calculating these fees, ensuring that they are aligned with the official valuation of the property.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of the transaction. Accurate knowledge of the guideline value ensures that all legal obligations are met during the registration process.

Frequently asked questions

What is the current guideline value of Abulkalam Asath 2nd Street?

The current guideline value of Abulkalam Asath 2nd Street is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then increased to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

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

For a property valued at Rs 4,40,000, the stamp duty would be Rs 30,800, and the registration fee would be Rs 8,800, totaling Rs 39,600.

Which office handles property registrations in Ariyanvoyal?

The Ponneri Sub Registrar Office handles property registrations in Ariyanvoyal. It is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

What is the significance of the guideline value during property transactions?

The guideline value is significant as it determines the stamp duty and registration fees during property transactions. It ensures that these fees are calculated based on the official valuation of the property.