Guideline Value for Abdul Rahim Street

Abdul Rahim Street guideline value

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

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 current 2024 revision has maintained this value at Rs 700 per sq.ft, reflecting a 49% increase from the 2017 figure.

There are no figures available for the revisions in 2012, 2007, 2003, and 2002 for this street. Therefore, the only revisions with recorded values are from 2017, 2023, and 2024, with no change between 2023 and 2024.

Guideline values in Santhavellur_c

In Santhavellur_c, there are 52 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 2,000 per sq.ft, with a median value of Rs 350 per sq.ft. The guideline value for Abdul Rahim Street 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 would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the 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. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions in Santhavellur_c, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating the sale price to ensure compliance with local regulations.

During the registration process, the stamp duty and registration fees are calculated based on the guideline value or the actual sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

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?

Since the 2017 revision, the guideline value increased from Rs 469 per sq.ft to Rs 700 per sq.ft in both the 2023 and 2024 revisions, reflecting a 49% increase from the 2017 figure.

What is the land classification for Abdul Rahim Street?

Abdul Rahim Street is classified as Residential Special Type - II under the current guidelines.

Where can I find the registration office for Abdul Rahim Street?

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

How is stamp duty calculated for properties in Santhavellur_c?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2% of the guideline value. It is important to consider these costs when buying or selling property in the area.