Guideline Value for Abraham Street, Moovendhar Nagar

Abraham Street, Moovendhar Nagar guideline value

The current guideline value of Abraham Street, Moovendhar Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the jurisdiction of the Pammal SRO, and is classified as Residential Class II Type - II.

How the guideline value of Abraham Street, Moovendhar Nagar has changed

The guideline value for Abraham Street has undergone several revisions over the years. In the 2017 revision, the value was Rs 1,206 per sq.ft. This increased significantly to Rs 1,800 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the value at Rs 1,980 per sq.ft, which is a 10% increase from the previous year.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Pammal

In Pammal, there are a total of 926 streets under the Pammal SRO with a 2024 guideline value ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, placing Abraham Street's 2024 figure below this median.

• Abraham Street: Rs 1,980 per sq.ft (2024)
• Adam Nagar 1st Cross Street: Rs 2,750 per sq.ft (2024)
• Adam Nagar 1st Street: Rs 2,750 per sq.ft (2024)
• Adam Nagar ,2nd Cross Street: Rs 2,750 per sq.ft (2024)
• Adam Nagar 2nd Street: Rs 2,750 per sq.ft (2024)
• Adam Nagar 3rd Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Abraham Street, Moovendhar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total to Rs 1,78,200. 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 Abraham Street, Moovendhar Nagar?

The Sub Registrar Office that covers Abraham Street, Moovendhar Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 Pammal

The guideline value is a crucial factor in the registration process when buying or selling property in Pammal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process is aligned with the official valuation of the property.

Frequently asked questions

What is the current guideline value of Abraham Street, Moovendhar Nagar?

The current guideline value of Abraham Street, Moovendhar Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,206 per sq.ft in 2017 to Rs 1,980 per sq.ft in 2024, reflecting an overall increase of 64% over these years.

What are the stamp duty and registration fees for property in Abraham Street?

For a 1,000 sq.ft plot, the stamp duty would be Rs 1,38,600 and the registration fee would be Rs 39,600, totaling Rs 1,78,200 based on the current guideline value.

Which Sub Registrar Office covers the area of Abraham Street?

The Pammal Sub Registrar Office covers Abraham Street, Moovendhar Nagar, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification of Abraham Street?

Abraham Street is classified as Residential Class II Type - II, indicating its suitability for residential purposes within the Pammal village.