Guideline Value for Abdul Kader Street

Abdul Kader Street guideline value

The current guideline value of Abdul Kader Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village and falls under the Triplicane SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Abdul Kader Street has changed

The guideline value for Abdul Kader Street has undergone several revisions over the years. In 2007, the guideline value was Rs 1,560 per sq.ft, which saw a significant increase to Rs 6,000 per sq.ft in both the 2012 and 2023 revisions, indicating no change during that period. However, from 2023 to 2024, the value increased by 10% to reach Rs 6,600 per sq.ft.

Overall, the guideline value has risen by 323% from the 2007 figure of Rs 1,560 per sq.ft to the current value of Rs 6,600 per sq.ft in 2024. It is important to note that there are no figures available for the years 2002, 2003, and 2017 in the register for this street.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO that carry a 2024 guideline value ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median guideline value is Rs 6,600 per sq.ft, which is equal to the current value of Abdul Kader Street.

• Abdul Kareem Cross Street: Rs 6,600 per sq.ft (2024)
• Abdul Kareem Lane: Rs 6,600 per sq.ft (2024)
• Abdul Kareem Street: Rs 6,600 per sq.ft (2024)
• Adam Salai (Swami Sivanandha Salai): Rs 13,200 per sq.ft (2024)
• Adhikesavan Street: Rs 7,700 per sq.ft (2024)
• Adhipattan Street: Rs 16,400 per sq.ft (2024)

Stamp duty and registration fee for property in Abdul Kader Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value would be Rs 66,00,000. The stamp duty, charged at 7%, would amount to Rs 4,62,000, while the registration fee at 2% would be Rs 1,32,000. Together, the total cost for stamp duty and registration fee would be Rs 5,94,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Abdul Kader Street?

The Sub Registrar Office that covers Abdul Kader Street is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Triplicane. It serves as the basis for calculating the stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. Buyers and sellers must be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Abdul Kader Street?

The current guideline value of Abdul Kader Street is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,560 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, marking an overall increase of 323% over the years.

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

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 66,00,000, the total stamp duty and registration fee would be Rs 5,94,000.

Which Sub Registrar Office covers this street?

The Triplicane Sub Registrar Office covers Abdul Kader Street, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

What is the land classification of Abdul Kader Street?

Abdul Kader Street is classified as Residential Class I Type - I, indicating its suitability for residential purposes.