Guideline Value for Abdulbarook Sahib Street

Abdulbarook Sahib Street guideline value

The current guideline value of Abdulbarook Sahib 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 Street has changed

The guideline value for Abdulbarook Sahib Street has seen several revisions over the years. The earliest recorded value was Rs 141 per sq.ft in 2003, which increased significantly to Rs 400 per sq.ft in 2007. Following that, the value surged to Rs 4,000 per sq.ft in 2012, marking a remarkable 900% increase from the previous revision. However, it then dropped to Rs 2,680 per sq.ft in 2017, a decrease of 33%.

From 2017 to 2023, the guideline value rose to Rs 4,000 per sq.ft, reflecting a 49% increase. The most recent revision in 2024 set the value at Rs 4,400 per sq.ft, an increase of 10% from the previous year. Notably, there is no figure available for this street in the 2002 register.

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 in this village is Rs 3,300 per sq.ft, placing the 2024 figure for Abdulbarook Sahib Street above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total charges 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.

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

Which Sub Registrar Office covers Abdulbarook Sahib Street?

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

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

The guideline value is a crucial factor in the registration process when buying or selling property in Issa Pallavaram. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these charges are calculated based on the established value of the property.

When a property transaction occurs, the guideline value helps in assessing the official sale price for registration purposes. Buyers and sellers must be aware of this value to ensure compliance with the registration requirements and to accurately budget for associated costs.

Frequently asked questions

What is the current guideline value of Abdulbarook Sahib Street?

The current guideline value of Abdulbarook Sahib 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 along the way. Each revision reflects adjustments based on market conditions and land classification.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is set at 2%. For example, a 1,000 sq.ft property at the current rate incurs a total charge of Rs 3,96,000.

Which office handles the registration for Abdulbarook Sahib Street?

The Pallavaram Sub Registrar Office is responsible for the registration of properties on Abdulbarook Sahib Street, located at 7th Main Road, New Colony, Chromepet, Chennai.

What is the land classification for Abdulbarook Sahib Street?

Abdulbarook Sahib Street is classified as Mixed Type - II land, which influences its guideline value and potential uses.