Guideline Value for Abdul sukkur street

Abdul sukkur street guideline value

The current guideline value of Abdul sukkur street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Egmore village, under the Periamet SRO, and is classified as Residential Class III Type - III.

How the guideline value of Abdul sukkur street has changed

The guideline value for Abdul sukkur street has undergone several revisions over the years. In 2002, the guideline value was Rs 508 per sq.ft. This increased to Rs 560 per sq.ft in 2003, marking a 10% rise. The value saw a significant jump to Rs 1,000 per sq.ft in 2007, which was an increase of 79%. The guideline value then surged to Rs 4,000 per sq.ft in 2012, reflecting a 300% increase. However, it decreased to Rs 2,680 per sq.ft in 2017, representing a decline of 33%. The value then rose again to Rs 4,000 per sq.ft in 2023, before reaching the current figure of Rs 4,400 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 766%. The register has no figures for the years not mentioned in this summary.

Guideline values in Egmore

In Egmore village, there are 465 streets under the Periamet SRO that carry a 2024 guideline value ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median value is Rs 7,100 per sq.ft, making the 2024 figure for Abdul sukkur street below this median.

• Abdul HussianStreet: Rs 4,400 per sq.ft (2024)
• Agasthiyar Nagar: Rs 10,100 per sq.ft (2024)
• Alagappa first Street: Rs 11,000 per sq.ft (2024)
• Alagappa Salai: Rs 13,400 per sq.ft (2024)
• Andiappa Gramani Street: Rs 7,100 per sq.ft (2024)
• Appa Garden Salai: Rs 11,000 per sq.ft (2024)

Stamp duty and registration fee for property in Abdul sukkur street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that the 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 sukkur street?

The Sub Registrar Office that covers Abdul sukkur street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Egmore. It is used to determine the stamp duty and registration fees that are applicable when buying or selling property. Buyers and sellers must be aware of the current guideline value to ensure compliance with the registration requirements.

When a property is sold, the guideline value is compared with the sale price. The higher amount is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the correct revenue for property transactions.

Frequently asked questions

What is the current guideline value of Abdul sukkur street?

The current guideline value of Abdul sukkur street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 508 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, showing an overall increase of 766% over the years.

What is the land classification of Abdul sukkur street?

Abdul sukkur street is classified as Residential Class III Type - III.

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

The Sub Registrar Office for Abdul sukkur street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 at 7%.