Guideline Value for Abdul Rahim street I

Abdul Rahim street I guideline value

The current guideline value of Abdul Rahim street I 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 I has changed

Since the 2012 revision, the guideline value for Abdul Rahim street I has remained stable at Rs 700 per sq.ft, with no change noted from the 2023 revision to the 2024 revision. The 2012 revision also recorded the same value of Rs 700 per sq.ft.

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. 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 village, 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 I's 2024 figure above this median.

• Abdul Rahim Street: 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 I

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, resulting in a total of Rs 63,000. Duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Abdul Rahim street I?

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

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

The guideline value is a crucial factor when buying or selling property in Santhavellur. It serves as a benchmark for determining the minimum value of a property during registration, ensuring that the transaction is recorded accurately in the official records.

When registering a property, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price of the property.

Frequently asked questions

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

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

How has the guideline value changed over the years?

Since 2012, the guideline value has remained at Rs 700 per sq.ft, with a notable increase from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023. There are no figures available for the years 2002, 2003, and 2007.

What is the land classification for Abdul Rahim street I?

Abdul Rahim street I is classified as Residential Special Type - II, indicating its suitability for residential development.

Where is the Sub Registrar Office located for this street?

The Sub Registrar Office covering Abdul Rahim street I is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is stamp duty calculated for properties in Santhavellur?

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