Guideline Value for Abdul Rahim Street

Abdul Rahim Street guideline value

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

How the guideline value of Abdul Rahim Street has changed

In the 2017 revision, the guideline value for Abdul Rahim Street was Rs 469 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded a guideline value of Rs 700 per sq.ft. The most recent 2024 revision continues this trend, with the guideline value again set at Rs 700 per sq.ft, indicating a 49% increase from the 2017 figure.

There are no recorded figures for Abdul Rahim Street in the revisions from 2012, 2007, 2003, and 2002, as the register has no figure for this street in it for those years. The guideline value has thus seen significant changes only between the 2017 and 2024 revisions.

Guideline values in Santhavellur_b

In Santhavellur_b, there are 55 streets under the Sunguvarchattram SRO that have a 2024 guideline value ranging from Rs 200 to Rs 2,000 per sq.ft, with a median value of Rs 400 per sq.ft. Abdul Rahim Street's 2024 figure of Rs 700 per sq.ft is 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 amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total to Rs 63,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Abdul Rahim Street?

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

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

The guideline value is a crucial factor during property registration in Santhavellur_b. It serves as the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps determine the financial obligations involved in the transaction. Buyers should be aware that the stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

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 of Abdul Rahim Street has changed from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in both 2023 and 2024, marking a 49% increase from the 2017 figure.

Are there any years with no recorded guideline value for Abdul Rahim Street?

Yes, there are no recorded figures for Abdul Rahim Street in the revisions from 2012, 2007, 2003, and 2002, as the register has no figure for this street in it for those years.

What are the registration fees for property in Abdul Rahim Street?

The registration fees for property in Abdul Rahim Street include a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office covering Abdul Rahim Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.