Guideline Value for Abdul Rahim Street

Abdul Rahim Street guideline value

The current guideline value of Abdul Rahim Street is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in Santhavellur village, under the Sunguvarchattram SRO, and is classified as Residential Special Type - II.

How the guideline value of Abdul Rahim Street has changed

Over the years, the guideline value of Abdul Rahim Street has seen several revisions. The 2012 revision set the value at Rs 700 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 700 per sq.ft. The 2017 revision recorded a lower figure of Rs 469 per sq.ft, marking a decrease of 33% from the previous 2012 value. Notably, there are no figures available for the revisions in 2007, 2003, and 2002.

From 2017 to 2023, the guideline value increased by 49%, returning to Rs 700 per sq.ft. The most recent revision in 2024 maintained this value, showing no change from the previous year.

Guideline values in Santhavellur

In Santhavellur, there are 63 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 200 to Rs 2,800 per sq.ft. The median guideline value for these streets is Rs 500 per sq.ft, placing Abdul Rahim Street's 2024 figure above this median.

• Abdul Rahim street I: Rs 700 per sq.ft (2024)
• Abdul Rahim street II: Rs 700 per sq.ft (2024)
• Ambal Nagar: Rs 400 per sq.ft (2024)
• Ambethkar Street: Rs 200 per sq.ft (2024)
• Andal Nagar: Rs 400 per sq.ft (2024)
• Andal nagar Extension: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Abdul Rahim Street

For a 1,000 sq.ft plot at the current rate of Rs 700 per sq.ft, the guideline value would be Rs 7,00,000. The stamp duty is charged at 7%, amounting to Rs 49,000, while the registration fee is 2%, totaling Rs 14,000. Together, the total cost for these fees would be Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Abdul Rahim Street?

The Sub Registrar Office covering Abdul Rahim Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. To find your SRO, visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Santhavellur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, buyers and sellers must consider the guideline value as it impacts the total cost of the transaction. This ensures that the fees are calculated fairly and transparently based on the established rates.

Frequently asked questions

What is the current guideline value of Abdul Rahim Street?

The current guideline value of Abdul Rahim Street is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft from 2012 to 2024, with a notable increase of 49% from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023.

What is the land classification for Abdul Rahim Street?

Abdul Rahim Street is classified as Residential Special Type - II, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For example, on a 1,000 sq.ft plot valued at Rs 7,00,000, the total fees would amount to Rs 63,000.

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

The Sub Registrar Office for Abdul Rahim Street is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.