Guideline Value for Abusali Road

Abusali Road guideline value

The current guideline value of Abusali Road is Rs 7,150 per sq.ft, effective from 1 July 2024. This street is located in Saligramam village, under the Virugambakkam SRO, and is classified as Residential Special Type - I.

How the guideline value of Abusali Road has changed

The guideline value for Abusali Road has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 1,009 per sq.ft. This increased to Rs 1,102 per sq.ft in the 2003 revision, marking a 9% rise. The 2007 revision saw a significant jump to Rs 1,250 per sq.ft, which was a 13% increase from the previous year. In the 2012 revision, the value rose to Rs 6,500 per sq.ft, reflecting a 420% increase from the 2007 figure. However, in the 2017 revision, the value decreased to Rs 4,355 per sq.ft, showing a decline of 33% from the 2012 revision. The 2023 revision brought the value back up to Rs 6,500 per sq.ft, a 49% increase from 2017. Finally, the most recent revision in 2024 set the guideline value at Rs 7,150 per sq.ft, which is a 10% increase from the previous year.

Guideline values in Saligramam

In Saligramam, there are 333 streets under the Virugambakkam SRO, with guideline values ranging from Rs 2,750 to Rs 13,200 per sq.ft. The median value for these streets is Rs 4,400 per sq.ft, placing the 2024 guideline value of Abusali Road above this median.

• Adimoola Perumal Street (Adikesavaperumal Koil Street): Rs 4,400 per sq.ft (2024)
• Adisan Colony: Rs 4,400 per sq.ft (2024)
• Ambethkar Colony (Gunamanam Colony): Rs 3,300 per sq.ft (2024)
• Ambethkar Street: Rs 3,300 per sq.ft (2024)
• Ameethiya Thottam 1st Street: Rs 3,300 per sq.ft (2024)
• Ameethiya Thottam 2nd Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Abusali Road

For a 1,000 sq.ft plot at the current guideline value of Rs 7,150 per sq.ft, the total guideline value would be Rs 71,50,000. The stamp duty would be charged at 7%, amounting to Rs 5,00,500, and the registration fee at 2% would be Rs 1,43,000, bringing the total fees to Rs 6,43,500. 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 details.

Which Sub Registrar Office covers Abusali Road?

The Sub Registrar Office that covers Abusali Road is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Saligramam. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on the official valuation of the property.

Frequently asked questions

What is the current guideline value of Abusali Road?

The current guideline value of Abusali Road is Rs 7,150 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 1,009 in 2002 to Rs 7,150 in 2024, reflecting an overall increase of 609% over the years.

What is the median guideline value in Saligramam?

The median guideline value for streets in Saligramam is Rs 4,400 per sq.ft, with Abusali Road's 2024 value being above this median.

What are the stamp duty and registration fees for property on Abusali Road?

For a 1,000 sq.ft property, the total stamp duty is Rs 5,00,500, and the registration fee is Rs 1,43,000, resulting in a total of Rs 6,43,500.

Where is the Sub Registrar Office for Abusali Road located?

The Virugambakkam Sub Registrar Office is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.