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_C village, under the Sunguvarchattram SRO, and is classified as Residential Special Type - II.

How the guideline value of Abdul Rahim street II has changed

The guideline value for Abdul Rahim street II has remained consistent at Rs 700 per sq.ft for the revisions in 2023 and 2024. Prior to this, in the 2017 revision, the guideline value was Rs 469 per sq.ft, marking a significant increase of 49% from 2017 to 2023.

For the years 2002, 2003, 2007, and 2012, the register has no figure for this street. Overall, from 2017 to 2024, the guideline value has increased by 49% as it transitioned from Rs 469 per sq.ft to Rs 700 per sq.ft.

Guideline values in Santhavellur_C

In Santhavellur_C, there are 52 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 200 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 350 per sq.ft, making the 2024 figure 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 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 higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

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.

To find your SRO, you can visit the provided link.

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

The guideline value is a crucial factor during the registration process of property transactions in Santhavellur_C. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, both parties must consider the guideline value to avoid discrepancies during registration. The guideline value serves as a reference point for calculating the applicable duties and fees, which are necessary for the legal transfer of property ownership.

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 has remained at Rs 700 per sq.ft for the revisions in 2023 and 2024. It increased from Rs 469 per sq.ft in 2017, marking a 49% rise over the period.

What is the land classification for Abdul Rahim street II?

Abdul Rahim street II is classified as Residential Special Type - II.

Where can I find the Sub Registrar Office for this area?

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

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 700 per sq.ft, the total stamp duty would be Rs 49,000.