Guideline Value for Abdul Kareem Cross Street

Abdul Kareem Cross Street guideline value

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

How the guideline value of Abdul Kareem Cross Street has changed

The guideline value for Abdul Kareem Cross Street has seen several revisions over the years. In 2007, the guideline value was Rs 1,145 per sq.ft, which increased significantly to Rs 6,000 per sq.ft in 2012. However, it decreased to Rs 4,020 per sq.ft in 2017. The value then rose to Rs 6,000 per sq.ft in 2023, and currently stands at Rs 6,600 per sq.ft as of the 2024 revision. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%, and from 2023 to 2024, it rose by 10%. The overall increase from 2007 to 2024 is 476%, reflecting the changes in the guideline value over the years.

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 value is Rs 6,600 per sq.ft, which is equal to the current guideline value of Abdul Kareem Cross Street.

• Abdul Kareem Lane: Rs 6,600 per sq.ft (2024)
• Abdul Kareem Street: Rs 6,600 per sq.ft (2024)
• Abdul Kader 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 Kareem Cross 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 at 7% would amount to Rs 4,62,000, while the registration fee at 2% would be Rs 1,32,000, totaling Rs 5,94,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Abdul Kareem Cross Street?

The Sub Registrar Office that covers Abdul Kareem Cross 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 an essential component in the registration process when buying or selling property in Triplicane. 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 buyer and seller must ensure that the sale price is at least equal to the guideline value. This ensures that the appropriate taxes are calculated based on the higher of the two values, which is crucial for a smooth registration process.

Frequently asked questions

What is the current guideline value of Abdul Kareem Cross Street?

The current guideline value of Abdul Kareem Cross 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 1,145 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of 476% over the years.

What are the other streets in Triplicane with the same guideline value?

Other streets in Triplicane with the same guideline value of Rs 6,600 per sq.ft include Abdul Kareem Lane, Abdul Kareem Street, and Abdul Kader Street.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in the area is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Abdul Kareem Cross Street?

The Sub Registrar Office for Abdul Kareem Cross Street is located at No.182 Bharati Salai (pycrafts Road), Royapettah, Chennai-600014.