Guideline Value for Abdul Khadar Avenue

Abdul Khadar Avenue guideline value

The current guideline value of Abdul Khadar Avenue is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Pammathukulam village, under the Redhills SRO, and is classified as Residential Class I Type - II.

How the guideline value of Abdul Khadar Avenue has changed

The guideline value for Abdul Khadar Avenue has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 440 per sq.ft, an increase of 10% from the 2023 revision, which was Rs 400 per sq.ft. Prior to that, the 2017 revision recorded a guideline value of Rs 268 per sq.ft, marking a significant increase of 49% when compared to the 2023 figure. There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. The consistent upward trend in the guideline value reflects the changes in land classification and market conditions, leading to the current rate of Rs 440 per sq.ft.

Guideline values in Pammathukulam

In Pammathukulam village, there are 101 streets under the Redhills SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 825 per sq.ft. The median value for these streets is Rs 550 per sq.ft, indicating that Abdul Khadar Avenue's 2024 figure is below this median.

• Aathangarai Syed Ali Fathima Nagar: Rs 550 per sq.ft (2024)
• Al Ameen Nagar II Avenue: Rs 550 per sq.ft (2024)
• Athithya Nagar: Rs 660 per sq.ft (2024)
• Bala Ganesa Nagar: Rs 820 per sq.ft (2024)
• Balaji Nagar: Rs 550 per sq.ft (2024)
• Bismillah Golden City: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Abdul Khadar Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, and the registration fee at 2% would be Rs 8,800, totaling Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Abdul Khadar Avenue?

The Sub Registrar Office that covers Abdul Khadar Avenue is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

When buying or selling property in Pammathukulam, the guideline value is a crucial factor in determining the stamp duty and registration fees. The guideline value serves as a benchmark for the property value, ensuring that the transaction is registered at a fair value as per the local regulations.

During the registration process, the seller and buyer must refer to the guideline value to calculate the applicable fees. This ensures transparency and compliance with the legal requirements set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Abdul Khadar Avenue?

The current guideline value of Abdul Khadar Avenue is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 268 per sq.ft in 2017 to Rs 440 per sq.ft in 2024, reflecting a total increase of 64% over this period.

What is the land classification of Abdul Khadar Avenue?

Abdul Khadar Avenue is classified as Residential Class I Type - II, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in Abdul Khadar Avenue?

For a property valued at Rs 4,40,000, the stamp duty would be Rs 30,800, and the registration fee would be Rs 8,800, totaling Rs 39,600.

Where can I find the Sub Registrar Office for Abdul Khadar Avenue?

The Redhills Sub Registrar Office covers Abdul Khadar Avenue, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.