Guideline Value for ABULKALAM ASATH 3RD STREET

Abulkalam Asath 3rd Street guideline value

The current guideline value of Abulkalam Asath 3rd 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 3rd Street has changed

The guideline value for Abulkalam Asath 3rd Street has undergone several revisions over the years. The earliest recorded revision was in 2012, where the value was Rs 400 per sq.ft. This was followed by a decrease to Rs 268 per sq.ft in 2017, which represented a 33% drop. The value then increased significantly to Rs 400 per sq.ft in 2023, and currently stands at Rs 440 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, the value increased by 49%. Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase in the guideline value. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ariyanvoyal

Ariyanvoyal village has 26 streets under the Ponneri SRO that carry a guideline value for 2024, 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 3rd Street's current guideline value above that median.

• Abulkalam Asath 2nd 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 3rd Street

For a 1,000 sq.ft plot at the current rate of Rs 440 per sq.ft, the 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, bringing the total to Rs 39,600. 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 further calculations.

Which Sub Registrar Office covers Abulkalam Asath 3rd Street?

The Sub Registrar Office that covers Abulkalam Asath 3rd Street is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Ariyanvoyal. It serves as a benchmark for determining the minimum value at which properties can be registered. Buyers and sellers must be aware of this value to ensure compliance with registration norms and to calculate applicable fees accurately.

When a property is sold, the guideline value is used to assess the stamp duty and registration fees. The fees are calculated based on the higher of the guideline value or the actual sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Abulkalam Asath 3rd Street?

The current guideline value of Abulkalam Asath 3rd 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 is currently Rs 440 per sq.ft in 2024.

What is the land classification for Abulkalam Asath 3rd Street?

Abulkalam Asath 3rd Street falls under the Residential Class I Type - I land classification.

Where is the Ponneri Sub Registrar Office located?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is stamp duty calculated for properties in Ariyanvoyal?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. The current rate for stamp duty is 7% of the guideline value or sale price.