Guideline Value for Abdul Rahim street II

Abdul Rahim street II guideline value

The current guideline value of Abdul Rahim street II is Rs 700 per sq.ft. 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 II has changed

Since the 2012 revision, the guideline value for Abdul Rahim street II has remained stable at Rs 700 per sq.ft in both the 2012 and 2024 revisions. In 2017, the guideline value was Rs 469 per sq.ft, reflecting a 33% decrease from the 2012 figure. However, from 2017 to 2023, the value increased significantly by 49% to reach Rs 700 per sq.ft.

For the 2023 revision, the guideline value was again set at Rs 700 per sq.ft, showing no change from the previous year. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

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 value for these streets is Rs 500 per sq.ft, placing Abdul Rahim street II above this median.

• Abdul Rahim street I: Rs 700 per sq.ft (2024)
• Abdul Rahim Street: 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 II

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total 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, bringing the total fees to Rs 63,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Abdul Rahim street II?

The Sub Registrar Office that covers Abdul Rahim street II 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 details.

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

The guideline value is a crucial factor during the registration of property transactions in Santhavellur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency in property transactions.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Abdul Rahim street II?

The current guideline value of Abdul Rahim street II is Rs 700 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft in the 2012, 2023, and 2024 revisions. It was Rs 469 per sq.ft in 2017, which was a 33% decrease from 2012, but it increased by 49% to Rs 700 per sq.ft by 2023.

What is the land classification for Abdul Rahim street II?

Abdul Rahim street II is classified as Residential Special Type - II. This classification indicates the intended use of the land for residential purposes.

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

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

How is the stamp duty calculated for property in Abdul Rahim street II?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 7,00,000, the stamp duty at 7% would be Rs 49,000.