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, effective from 1 July 2024. This street is located in Santhavellur_c village under the Sunguvarchattram SRO, and it falls under the land classification of Residential Special Type - II.

How the guideline value of Abdul Rahim street I has changed

In the 2017 revision, the guideline value was Rs 469 per sq.ft. This figure remained unchanged at Rs 700 per sq.ft in the 2023 revision and continued to be Rs 700 per sq.ft in the 2024 revision, indicating a significant increase of 49% from 2017 to 2023. There are no figures available for the years 2012, 2007, 2003, and 2002 in the register for this street.

Thus, the guideline value has seen no change from 2023 to 2024, maintaining a steady rate of Rs 700 per sq.ft. The consistent value across the recent revisions highlights the stability of the guideline value for Abdul Rahim street I.

Guideline values in Santhavellur_c

In Santhavellur_c, there are 52 streets under the Sunguvarchattram SRO that have a 2024 guideline value ranging from Rs 200 to Rs 2,000 per sq.ft, with a median value of Rs 350 per sq.ft. The guideline value of Abdul Rahim street I at 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, resulting in a total cost of Rs 63,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can 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 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_c

The guideline value plays a crucial role during the registration of property transactions in Santhavellur_c. It serves as the basis for calculating the stamp duty and registration fees that buyers must pay when purchasing property.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to determine the applicable duties. This ensures that the state receives the appropriate revenue from property transactions.

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 Rs 700 per sq.ft from 2023 to 2024, while it increased from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023, marking a 49% increase during that period.

What is the land classification for Abdul Rahim street I?

Abdul Rahim street I falls under the land classification of Residential Special Type - II.

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

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

How is the stamp duty calculated for property in Santhavellur_c?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000, leading to a stamp duty of Rs 49,000.