Guideline Value for Abdulbarook Sahib 3rd Street

Abdulbarook Sahib 3rd Street guideline value

The current guideline value of Abdulbarook Sahib 3rd Street is Rs 4,400 per sq.ft. This street is located in Issa Pallavaram village, under the Pallavaram SRO, and is classified as Mixed Type - II land.

How the guideline value of Abdulbarook Sahib 3rd Street has changed

The guideline value for Abdulbarook Sahib 3rd Street has seen significant changes over the years. The 2003 revision recorded a value of Rs 141 per sq.ft, which increased to Rs 400 per sq.ft in 2007, marking a substantial rise of 184%. In 2012, the value remained at Rs 4,000 per sq.ft, but in 2017, it dropped to Rs 2,680 per sq.ft, reflecting a decrease of 33%. The value then increased to Rs 4,000 per sq.ft in 2023, and as of the 2024 revision, it stands at Rs 4,400 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there is no guideline value recorded for Abdulbarook Sahib 3rd Street in the 2002 revision. Overall, from 2017 to 2023, the guideline value increased by 49%, demonstrating a notable upward trend in recent years.

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, with a median value of Rs 3,300 per sq.ft. Abdulbarook Sahib 3rd Street's 2024 figure of Rs 4,400 per sq.ft is above this median.

• Abdulbarook Sahib 2nd Street: Rs 4,400 per sq.ft (2024)
• Abdulbarook Sahib Street: Rs 4,400 per sq.ft (2024)
• Abdulbarook Sahib 1st Street: Rs 4,400 per sq.ft (2024)
• Abdul Farooq Shahib 1st Cross Street: Rs 4,400 per sq.ft (2024)
• Abdul Farooq Shahib 2nd Cross Street: 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 3rd 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 our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Abdulbarook Sahib 3rd Street?

The Sub Registrar Office that covers Abdulbarook Sahib 3rd Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Issa Pallavaram. It serves as a benchmark for assessing the value of a property during the registration process. Buyers and sellers must consider the guideline value to ensure that the transaction complies with local regulations.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Abdulbarook Sahib 3rd Street?

The current guideline value of Abdulbarook Sahib 3rd 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 significantly, from Rs 141 per sq.ft in 2003 to Rs 4,400 per sq.ft in 2024, with various increases and decreases in between.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions in this area is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Abdulbarook Sahib 3rd Street is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

What is the land classification of Abdulbarook Sahib 3rd Street?

The land classification of Abdulbarook Sahib 3rd Street is Mixed Type - II, indicating its varied use and potential for different types of development.