Guideline Value for Abdul Kalam Nagar/Bharathi Street

Abdul Kalam Nagar/Bharathi Street guideline value

The current guideline value for Abdul Kalam Nagar/Bharathi Street is Rs 825 per sq.ft, effective from 1 July 2024. This street is located in Kavulbazaar village, under the Pammal SRO, and is classified as Residential Class II Type - I.

How the guideline value of Abdul Kalam Nagar/Bharathi Street has changed

The guideline value for Abdul Kalam Nagar/Bharathi Street has undergone several revisions over the years. The earliest revision recorded is from 2017, where the value was Rs 502 per sq.ft. This increased to Rs 750 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 825 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for this street in the years 2012, 2007, 2003, and 2002.

Guideline values in Kavulbazaar

Kavulbazaar village has a total of 44 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 825 to Rs 4,500 per sq.ft. The median value for these streets is Rs 825 per sq.ft, which is the same as the guideline value for Abdul Kalam Nagar/Bharathi Street.

• Abdul Kalam Nagar/Vivekanandhar Nagar: Rs 825 per sq.ft (2024)
• Abdul Kalam Nagar: Rs 825 per sq.ft (2024)
• Anna Highway(2): Rs 1,100 per sq.ft (2024)
• Anna Highway (3): Rs 1,100 per sq.ft (2024)
• Anna Highway(4): Rs 1,100 per sq.ft (2024)
• Anna Highway(5): Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Abdul Kalam Nagar/Bharathi Street

For a 1,000 sq.ft plot at the current rate of Rs 825 per sq.ft, the guideline value would be Rs 8,25,000. The stamp duty at 7% would amount to Rs 57,750, and the registration fee at 2% would be Rs 16,500, bringing the total to Rs 74,250. 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 our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Abdul Kalam Nagar/Bharathi Street?

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

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kavulbazaar. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is used to assess the applicable duties, ensuring that both the buyer and seller are aware of the financial implications involved in the registration process.

Frequently asked questions

What is the current guideline value for Abdul Kalam Nagar/Bharathi Street?

The current guideline value for Abdul Kalam Nagar/Bharathi Street is Rs 825 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 502 per sq.ft in 2017 to Rs 750 per sq.ft in 2023, and then to Rs 825 per sq.ft in 2024. This reflects an increase of 49% from 2017 to 2023 and a further 10% increase from 2023 to 2024.

What is the land classification for Abdul Kalam Nagar/Bharathi Street?

Abdul Kalam Nagar/Bharathi Street is classified as Residential Class II Type - I. This classification indicates the type of residential use permitted in the area.

Where can I find the Sub Registrar Office for Abdul Kalam Nagar/Bharathi Street?

The Sub Registrar Office for Abdul Kalam Nagar/Bharathi Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. This office handles all registration processes for the area.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 8,25,000, the stamp duty would be 7% of this amount.