Guideline Value for ABULKALAM ASATH STREET

Abulkalam Asath Street guideline value

The current guideline value of Abulkalam Asath Street is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Ariyanvoyal village under the Ponneri Sub Registrar Office (SRO) and is classified as Residential Class I Type - I.

How the guideline value of Abulkalam Asath Street has changed

Over the years, the guideline value of Abulkalam Asath Street has seen several revisions. The 2012 revision set the value at Rs 400 per sq.ft, which then dropped to Rs 268 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 400 per sq.ft, reflecting a 49% rise. The most recent revision in 2024 has further increased the value to Rs 440 per sq.ft, marking a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Ariyanvoyal

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

• Abulkalam Asath 3rd Street: Rs 440 per sq.ft (2024)
• Abulkalam Asath 2nd 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 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty, charged at 7%, would be Rs 30,800, while the registration fee at 2% would be Rs 8,800, bringing the total fees together to Rs 39,600. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Abulkalam Asath Street?

The Sub Registrar Office that covers Abulkalam Asath Street is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is an important factor when registering property transactions in Ariyanvoyal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the financial implications of the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations and to avoid any potential legal issues during the registration process.

Frequently asked questions

What is the current guideline value of Abulkalam Asath Street?

The current guideline value of Abulkalam Asath 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 is the land classification for Abulkalam Asath Street?

Abulkalam Asath Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

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 for Abulkalam Asath Street?

The Ponneri Sub Registrar Office handles property registrations for Abulkalam Asath Street, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.