Guideline Value for Durai Abdul Abha Sahib Street

Durai Abdul Abha Sahib Street guideline value

The current guideline value of Durai Abdul Abha Sahib Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Naravarikuppam village and falls under the Redhills SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Durai Abdul Abha Sahib Street has changed

The guideline value for Durai Abdul Abha Sahib Street has experienced several revisions over the years. The earliest recorded figure is from 2002, which was Rs 3,471 per sq.ft. This was followed by a decrease to Rs 353 per sq.ft in 2003. The value then increased to Rs 400 per sq.ft in 2007, and further rose to Rs 1,200 per sq.ft in 2012. However, it saw a decline to Rs 804 per sq.ft in 2017. The most recent revisions show an increase to Rs 1,200 per sq.ft in 2023, and finally, the current value of Rs 1,320 per sq.ft in 2024, reflecting a 10% increase from the previous year.

Overall, from the 2002 figure to the 2024 figure, there has been a decrease of 62%. Notably, there are no figures available for the years not mentioned in the revisions for this street.

Guideline values in Naravarikuppam

In Naravarikuppam, there are 112 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft, with a median value of Rs 1,650 per sq.ft. Durai Abdul Abha Sahib Street's current guideline value is below this median.

• Durai Abdul Kadhar Street: Rs 1,320 per sq.ft (2024)
• Durai Abdul Vahab Street: Rs 1,320 per sq.ft (2024)
• Dr. Varatharajanar Street: Rs 1,650 per sq.ft (2024)
• Dr. Vaideeswaran Street: Rs 1,650 per sq.ft (2024)
• Dr. Vaideeswaran 2nd Street: Rs 1,650 per sq.ft (2024)
• Dr. Vaideeswaran 1st Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Durai Abdul Abha Sahib Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, resulting in a total of Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For additional calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Durai Abdul Abha Sahib Street?

The Sub Registrar Office that covers Durai Abdul Abha Sahib Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling properties in Naravarikuppam. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When a property is sold, the guideline value is considered to determine the minimum value for which the property can be registered. Buyers and sellers must be aware of these values to ensure compliance with local regulations during the transaction.

Frequently asked questions

What is the current guideline value of Durai Abdul Abha Sahib Street?

The current guideline value of Durai Abdul Abha Sahib Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,471 per sq.ft in 2002 to Rs 1,320 per sq.ft in 2024, showing a decrease of 62% overall.

What is the land classification for Durai Abdul Abha Sahib Street?

The land classification for Durai Abdul Abha Sahib Street is Residential Class III Type - I.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Durai Abdul Abha Sahib Street is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is the stamp duty calculated for properties on this street?

The stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 at a rate of 7%.