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, effective from 1 July 2024. This street is located in Santhavellur_b village and falls under the Sunguvarchattram SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Abdul Rahim street II has changed

The guideline value for Abdul Rahim street II has undergone several revisions over the years. The 2017 revision set the guideline value at Rs 469 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded the value at Rs 700 per sq.ft. The most recent 2024 revision has maintained this figure at Rs 700 per sq.ft, indicating no change from the previous year.

Notably, the increase from the 2017 to 2023 revision was 49%. There are no figures available for the years 2012, 2007, 2003, and 2002 in the register for this street.

Guideline values in Santhavellur_b

In Santhavellur_b village, there are 55 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 2,000 per sq.ft. The median guideline value in this village is Rs 400 per sq.ft, making the Rs 700 per sq.ft value for Abdul Rahim street II above the 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 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. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

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, Caparo Company Opp, 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_b

The guideline value is an essential factor when buying or selling property in Santhavellur_b. It serves as a reference point for determining the stamp duty and registration fees payable during the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations.

At the time of registration, the guideline value is used to assess the applicable fees, which can impact the overall cost of the property transaction. It is crucial for both parties 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 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023, maintaining the same value in 2024. There are no figures available for the revisions in 2012, 2007, 2003, and 2002.

What is the median guideline value in Santhavellur_b?

The median guideline value in Santhavellur_b is Rs 400 per sq.ft, with Abdul Rahim street II's value of Rs 700 per sq.ft being above this median.

What are the stamp duty and registration fees for property in Abdul Rahim street II?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 7,00,000. The stamp duty would be Rs 49,000, and the registration fee would be Rs 14,000, totaling Rs 63,000.

Which Sub Registrar Office covers the area of Abdul Rahim street II?

The Sunguvarchattram Sub Registrar Office covers Abdul Rahim street II, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.