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

How the guideline value of Abdul Rahim street I has changed

Looking at the revisions, the guideline value of Abdul Rahim street I has remained consistent at Rs 700 per sq.ft from the 2023 revision to the 2024 revision, reflecting a change of +0%. Prior to this, in the 2017 revision, the guideline value was Rs 469 per sq.ft, marking a significant increase of +49% over the six-year period leading up to 2023. The register has no figure for this street for the years 2012, 2007, 2003, and 2002.

In summary, the guideline value has seen an increase from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in both 2023 and 2024. The stability in the recent revisions indicates a steady valuation for this street over the last year.

Guideline values in Santhavellur_b

In Santhavellur_b, 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, with a median value of Rs 400 per sq.ft. Abdul Rahim street I's 2024 figure of Rs 700 per sq.ft is 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, making the total fees Rs 63,000. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

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, 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_b

The guideline value is a crucial factor when registering property transactions in Santhavellur_b. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction reflects the prevailing market conditions.

When buying or selling property, the guideline value impacts the calculation of stamp duty and registration fees, which are based on this value or the actual sale price, whichever is higher. This ensures that the registration process is aligned with the official valuation set by the state.

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 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft from 2023 to 2024, while it increased from Rs 469 per sq.ft in 2017 to Rs 700 in 2023, marking a 49% increase over that period.

What is the land classification for Abdul Rahim street I?

Abdul Rahim street I is classified as Residential Special Type - II, indicating its designated use for residential purposes.

Where can I find the Sub Registrar Office for property registration?

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

How is stamp duty calculated for properties in Santhavellur_b?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For Abdul Rahim street I, the guideline value is Rs 700 per sq.ft, which is used for calculating the applicable fees during registration.