Guideline Value for Alandur Abraham Street (Muvendar Nagar)

Alandur Abraham Street (Muvendar Nagar) guideline value

The current guideline value of Alandur Abraham Street (Muvendar Nagar) is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village under the Pammal SRO, and it falls under the Residential Class II Type - II land classification.

How the guideline value of Alandur Abraham Street (Muvendar Nagar) has changed

The guideline value for Alandur Abraham Street has seen significant changes over the years. In 2002, the value was Rs 187 per sq.ft. It increased to Rs 212 per sq.ft in 2003, marking a 13% rise. The value then saw a substantial increase to Rs 360 per sq.ft in 2007, which was a 70% jump from the previous year. Following that, the value rose dramatically to Rs 1,206 per sq.ft in 2017, reflecting a remarkable 235% increase. The next revision in 2023 set the value at Rs 1,800 per sq.ft, a 49% increase from 2017. The current revision in 2024 has further increased the guideline value to Rs 1,980 per sq.ft, which is a 10% rise from 2023. The register has no figure for this street in 2012.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with guideline values ranging from Rs 880 to Rs 3,300 per sq.ft as of 2024. The median guideline value for these streets is Rs 2,090 per sq.ft, indicating that the guideline value of Alandur Abraham Street is below this median.

• Ambedhkar Street, Nagelkeni: Rs 1,980 per sq.ft (2024)
• Ambedhkar Street, Periyar Nagar: Rs 1,980 per sq.ft (2024)
• Ambedkar Nagar( All Streets): Rs 1,980 per sq.ft (2024)
• Ambedhkar Street, Pammal: Rs 1,980 per sq.ft (2024)
• Ambedhkar Street /Ponni Nagar: Rs 1,980 per sq.ft (2024)
• Ambedhkar Street (Thiru Nagar): Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Alandur Abraham Street (Muvendar 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 fees together 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. You can use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Alandur Abraham Street (Muvendar Nagar)?

The Sub Registrar Office that covers Alandur Abraham Street (Muvendar Nagar) is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 plays a crucial role in the registration of property transactions in Pammal. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. This ensures that the transaction is recorded at a fair value as per the government regulations.

When buyers and sellers engage in property transactions, the guideline value serves as a reference point for the official valuation of the property. This helps in maintaining transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Alandur Abraham Street (Muvendar Nagar)?

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

How has the guideline value changed over the years?

The guideline value has seen significant changes, increasing from Rs 187 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, which is an overall increase of 959% since 2002.

What is the median guideline value in Pammal village?

The median guideline value for the 926 streets in Pammal village is Rs 2,090 per sq.ft as of 2024, which is higher than the guideline value of Alandur Abraham Street.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 19,80,000, with stamp duty at 7% amounting to Rs 1,38,600 and a registration fee at 2% totaling Rs 39,600, making the combined fees Rs 1,78,200.

Which office handles property registrations for Alandur Abraham Street?

The Pammal Sub Registrar Office handles property registrations for Alandur Abraham Street (Muvendar Nagar), located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.