Guideline Value for Abdul HussianStreet

Abdul HussianStreet guideline value

The current guideline value of Abdul HussianStreet is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Egmore village under the Periamet SRO and is classified as Residential Class III Type - III.

How the guideline value of Abdul HussianStreet has changed

The guideline value for Abdul HussianStreet has seen several revisions over the years. In the 2007 revision, the value was set at Rs 1,200 per sq.ft. This increased significantly to Rs 4,000 per sq.ft in the 2012 revision, marking a rise of 233%. However, in the 2017 revision, the value decreased to Rs 2,680 per sq.ft, which is a decline of 33%. The value then rose again to Rs 4,000 per sq.ft in the 2023 revision and finally reached Rs 4,400 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

Notably, there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 267%.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO with a 2024 guideline value ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median value for these streets is Rs 7,100 per sq.ft, placing Abdul HussianStreet's 2024 figure below that median.

• Abdul sukkur street: Rs 4,400 per sq.ft (2024)
• Agasthiyar Nagar: Rs 10,100 per sq.ft (2024)
• Alagappa first Street: Rs 11,000 per sq.ft (2024)
• Alagappa Salai: Rs 13,400 per sq.ft (2024)
• Andiappa Gramani Street: Rs 7,100 per sq.ft (2024)
• Appa Garden Salai: Rs 11,000 per sq.ft (2024)

Stamp duty and registration fee for property in Abdul HussianStreet

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total costs together to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Abdul HussianStreet?

The Sub Registrar Office that covers Abdul HussianStreet is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Egmore. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that these costs are calculated fairly based on the assessed value of the property.

When buying or selling property, it is essential to be aware of the guideline value as it can significantly impact the overall transaction costs. Buyers should ensure that they are informed about the current guideline value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Abdul HussianStreet?

The current guideline value of Abdul HussianStreet is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, showing an overall increase of 267% over the years.

What is the land classification for Abdul HussianStreet?

Abdul HussianStreet is classified as Residential Class III Type - III.

Where can I find the Sub Registrar Office for Abdul HussianStreet?

The Sub Registrar Office for Abdul HussianStreet is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property with a guideline value of Rs 44,00,000, the stamp duty at 7% would be Rs 3,08,000.