Guideline Value for Abdulbarook Sahib 1st Street

Abdulbarook Sahib 1st Street guideline value

The current guideline value of Abdulbarook Sahib 1st Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Issa Pallavaram village under the Pallavaram SRO, and the land classification is Mixed Type - II.

How the guideline value of Abdulbarook Sahib 1st Street has changed

The guideline value for Abdulbarook Sahib 1st Street has seen several revisions over the years. The earliest recorded figure is from 2003, where the guideline value was Rs 141 per sq.ft. This increased significantly to Rs 400 per sq.ft in 2007, marking a rise of 184%. The value then surged to Rs 4,000 per sq.ft in 2012, which represented a remarkable increase of 900%. However, by 2017, the guideline value dropped to Rs 2,680 per sq.ft, a decrease of 33%. The value further increased to Rs 4,000 per sq.ft in 2023, followed by the current value of Rs 4,400 per sq.ft in 2024, reflecting a change of 10% from the previous year.

It is important to note that there is no recorded guideline value for Abdulbarook Sahib 1st Street in the 2002 revision. The changes in guideline values illustrate the fluctuations over the years, with some years experiencing significant increases while others saw declines.

Guideline values in Issa Pallavaram

In Issa Pallavaram, there are 110 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, placing Abdulbarook Sahib 1st Street's 2024 figure above this median.

• Abdulbarook Sahib 2nd Street: Rs 4,400 per sq.ft (2024)
• Abdulbarook Sahib 3rd Street: Rs 4,400 per sq.ft (2024)
• Abdulbarook Sahib Street: Rs 4,400 per sq.ft (2024)
• Abdul Farooq Shahib 1st Cross Stre: Rs 4,400 per sq.ft (2024)
• Abdul Farooq Shahib 2nd Cross Stre: Rs 4,400 per sq.ft (2024)
• Abdul Farooq Shahib Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Abdulbarook Sahib 1st 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, while the registration fee at 2% would be Rs 88,000. Together, these fees would total 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.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Abdulbarook Sahib 1st Street?

The Sub Registrar Office that covers Abdulbarook Sahib 1st Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Issa Pallavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is considered alongside the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, which are necessary for the completion of the transaction.

Frequently asked questions

What is the current guideline value of Abdulbarook Sahib 1st Street?

The current guideline value of Abdulbarook Sahib 1st 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 multiple times, starting from Rs 141 per sq.ft in 2003 to the current Rs 4,400 per sq.ft in 2024. Significant changes include a jump to Rs 4,000 per sq.ft in 2012 and a drop to Rs 2,680 per sq.ft in 2017.

What is the land classification of Abdulbarook Sahib 1st Street?

The land classification for Abdulbarook Sahib 1st Street is Mixed Type - II, which indicates the type of development permissible in the area.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Abdulbarook Sahib 1st Street?

The Sub Registrar Office for Abdulbarook Sahib 1st Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044. You can find more details online.