Guideline Value for Abdul Farooq Street

Abdul Farooq Street guideline value

The current guideline value of Abdul Farooq Street is Rs 1,980 per sq.ft. This street is located in Pammal village, under the Pammal SRO, and is classified as Residential Class II Type - II.

How the guideline value of Abdul Farooq Street has changed

The guideline value for Abdul Farooq Street has seen several revisions over the years. The 2024 revision sets the value at Rs 1,980 per sq.ft, which is an increase from the 2023 revision of Rs 1,800 per sq.ft, marking a change of +10%. Going further back, the 2017 revision recorded a value of Rs 1,206 per sq.ft, reflecting an increase of +49% from the previous revision in 2023.

Prior to that, the 2017 revision saw a significant increase from the 2007 figure of Rs 360 per sq.ft, which represents a change of +235%. The value has steadily risen from the 2003 revision of Rs 124 per sq.ft, which was an increase of +190% from the 2002 figure of Rs 109 per sq.ft. The register has no figure for this street in 2012.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, placing Abdul Farooq Street's 2024 figure below that median.

• Abdulkalam Road - Abdulkalam Street: Rs 2,750 per sq.ft (2024)
• Aandiyappan Street: Rs 1,980 per sq.ft (2024)
• Aadhimulam Street, Pasumpon Nagar: Rs 1,980 per sq.ft (2024)
• Abraham Street: Rs 1,980 per sq.ft (2024)
• Abraham Street, Moovendhar Nagar: Rs 1,980 per sq.ft (2024)
• Adam Nagar 1st Cross Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Abdul Farooq Street

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, totaling Rs 1,78,200. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Abdul Farooq Street?

The Sub Registrar Office that covers Abdul Farooq Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions within Pammal. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property in the area.

When a property is sold, the guideline value serves as a benchmark for the transaction. The registration office will assess either the guideline value or the sale price, charging the higher amount for the applicable duties.

Frequently asked questions

What is the current guideline value of Abdul Farooq Street?

The current guideline value of Abdul Farooq Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 360 per sq.ft in 2007 to Rs 1,980 per sq.ft in 2024, showing significant growth through various revisions.

What is the land classification of Abdul Farooq Street?

Abdul Farooq Street is classified as Residential Class II Type - II, indicating its designation for residential purposes.

Where is the Pammal Sub Registrar Office located?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

How can I calculate stamp duty and registration fees?

You can calculate stamp duty and registration fees based on the guideline value or the sale price of the property. A calculator is available at the stamp duty and registration fee calculator for convenience.