Guideline Value for HAJI ABDUL RAHIM STREET

Haji Abdul Rahim Street guideline value

The current guideline value of Haji Abdul Rahim Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Perambur village, under the Purasaivakkam SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Haji Abdul Rahim Street has changed

The guideline value of Haji Abdul Rahim Street has seen several revisions over the years. Starting from the 2003 revision, the value was Rs 938 per sq.ft. It increased to Rs 1,100 per sq.ft in 2007, marking a 17% rise. The value then surged significantly to Rs 4,000 per sq.ft in 2012, reflecting a substantial increase of 264%. However, in the 2017 revision, it dropped to Rs 2,680 per sq.ft, which was a decrease of 33%. The value rebounded to Rs 4,000 per sq.ft in 2023, before reaching the current rate of Rs 4,400 per sq.ft in 2024, representing a 10% increase.

Notably, the register has no figure for the year 2002 for this street. Overall, from 2003 to 2024, the guideline value has increased by 369%.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that carry a 2024 guideline value, ranging from Rs 1,600 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. Haji Abdul Rahim Street's current guideline value is above this median.

• Gurumurthy Garden Street: Rs 4,300 per sq.ft (2024)
• Hyder Ali Garden All Streets: Rs 4,300 per sq.ft (2024)
• Hyder Garden 1st Street: Rs 4,300 per sq.ft (2024)
• Hyder Garden 2nd Street: Rs 4,300 per sq.ft (2024)
• Govindasami Naicken Street: Rs 3,200 per sq.ft (2024)
• Govindapuram Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Haji Abdul Rahim Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value is Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. 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 more details.

Which Sub Registrar Office covers Haji Abdul Rahim Street?

The Sub Registrar Office that covers Haji Abdul Rahim Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Perambur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps establish the fair value of the property for taxation purposes. Buyers should be aware that the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Haji Abdul Rahim Street?

The current guideline value of Haji Abdul Rahim Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 938 per sq.ft in 2003 to Rs 4,400 per sq.ft in 2024, reflecting a total increase of 369% over this period.

What are the stamp duty and registration fees for properties on this street?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty is Rs 3,08,000, and the registration fee is Rs 88,000, totaling Rs 3,96,000.

Which Sub Registrar Office handles registrations for Haji Abdul Rahim Street?

The Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012, handles registrations for Haji Abdul Rahim Street.

What is the land classification for Haji Abdul Rahim Street?

Haji Abdul Rahim Street is classified as Commercial Class I Type - II according to the guideline value register.