Guideline Value for Abdulla theru

Abdulla theru guideline value

The current guideline value of Abdulla theru is Rs 2,001 per sq.ft, effective from 1 July 2024. This street is located in Gooduvancheri village, under the jurisdiction of the Gooduvancheri SRO, and is classified as Residential Special Type - II.

How the guideline value of Abdulla theru has changed

The guideline value for Abdulla theru has undergone several revisions over the years. In 2017, the value was set at Rs 1,340 per sq.ft. This increased significantly to Rs 2,000 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has kept the value at Rs 2,001 per sq.ft, showing no change from the previous year.

For the years 2012, 2007, 2003, and 2002, the register has no figure for this street. This lack of data means we cannot analyze the changes for those years.

Guideline values in Gooduvancheri

Gooduvancheri village comprises 129 streets under the Gooduvancheri SRO, with 2024 guideline values ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median guideline value in this area is Rs 1,500 per sq.ft, placing Abdulla theru's 2024 guideline value above the median.

• Aavaas Nagar: Rs 1,500 per sq.ft (2024)
• Achudhadoss Street: Rs 1,200 per sq.ft (2024)
• Ambekar Street: Rs 1,500 per sq.ft (2024)
• Anandhanarayanapuram: Rs 2,000 per sq.ft (2024)
• Annamalai Nagar: Rs 1,200 per sq.ft (2024)
• Arul Nagar: Rs 2,001 per sq.ft (2024)

Stamp duty and registration fee for property in Abdulla theru

For a 1,000 sq.ft plot at the current rate of Rs 2,001 per sq.ft, the guideline value amounts to Rs 20,01,000. The stamp duty at 7% would be Rs 1,40,070, and the registration fee at 2% would be Rs 40,020, making the total Rs 1,80,090. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Abdulla theru?

The Sub Registrar Office that covers Abdulla theru is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, 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 Gooduvancheri

The guideline value is a critical factor in the registration of property transactions in Gooduvancheri. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of property.

When a property is sold, the guideline value or the sale price is considered, whichever is higher, to calculate the applicable duties and fees. 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 Abdulla theru?

The current guideline value of Abdulla theru is Rs 2,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,340 per sq.ft to Rs 2,000 per sq.ft in 2023, and then slightly to Rs 2,001 per sq.ft in 2024, showing a significant rise of 49% from 2017 to 2023.

What are the guideline values for other streets in Gooduvancheri?

Other streets in Gooduvancheri have varying guideline values, ranging from Rs 1,200 to Rs 2,001 per sq.ft in 2024. For example, Aavaas Nagar has a value of Rs 1,500 per sq.ft, while Arul Nagar matches Abdulla theru at Rs 2,001 per sq.ft.

How is stamp duty calculated for properties in Abdulla theru?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For a property valued at Rs 20,01,000, the stamp duty would be Rs 1,40,070 at a rate of 7%.

Where can I find the Sub Registrar Office for Abdulla theru?

The Gooduvancheri Sub Registrar Office covers Abdulla theru and is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.