Guideline Value for Abraham street

Abraham street guideline value

The current guideline value of Abraham street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Ullagaram village under the Alandur SRO, classified as Residential Class I Type - III.

How the guideline value of Abraham street has changed

The guideline value for Abraham street has undergone several revisions over the years. The 2012 revision set the value at Rs 3,500 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 2,345 per sq.ft, marking a decrease of 33%. The subsequent revision in 2023 increased the value to Rs 3,500 per sq.ft, and the latest revision in 2024 has raised it further to Rs 3,900 per sq.ft, reflecting an increase of 11% from the previous year.

Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 11%.

Guideline values in Ullagaram

In Ullagaram, there are 298 streets under the Alandur SRO, with guideline values ranging from Rs 1,700 to Rs 5,500 per sq.ft. The median guideline value in this village is Rs 2,800 per sq.ft, positioning Abraham street's 2024 figure above this median.

• Alex Street: Rs 2,200 per sq.ft (2024)
• Ambethkar Cross Street: Rs 2,200 per sq.ft (2024)
• Ambethkar Street: Rs 2,200 per sq.ft (2024)
• Amman Nagar 1st Street: Rs 2,800 per sq.ft (2024)
• Amman Nagar Main: Rs 2,800 per sq.ft (2024)
• Annamalai Street: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Abraham street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty is charged at 7%, amounting to Rs 2,73,000, while the registration fee is charged at 2%, totaling Rs 78,000. Therefore, the total cost for stamp duty and registration fee together would be Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Abraham street?

The Sub Registrar Office covering Abraham street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process of property transactions in Ullagaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. It is essential for buyers to be aware of the guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Abraham street?

The current guideline value of Abraham street is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2012 to Rs 2,345 per sq.ft in 2017, then back to Rs 3,500 per sq.ft in 2023, and finally to Rs 3,900 per sq.ft in 2024.

What is the land classification of Abraham street?

Abraham street is classified as Residential Class I Type - III, indicating its suitability for residential purposes.

How does the guideline value compare to other streets in Ullagaram?

Abraham street's 2024 guideline value of Rs 3,900 per sq.ft is above the median value of Rs 2,800 per sq.ft for the 298 streets in Ullagaram under the Alandur SRO.

Where is the Sub Registrar Office for Abraham street located?

The Sub Registrar Office for Abraham street is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.