Guideline Value for Dr.Sukkur Street

Dr.Sukkur Street guideline value

The current guideline value of Dr.Sukkur Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Egmore village, under the Periamet SRO, and is classified as Residential Class III Type - I.

How the guideline value of Dr.Sukkur Street has changed

The guideline value for Dr.Sukkur Street has undergone several revisions over the years. In 2002, the value was Rs 558 per sq.ft, which increased to Rs 616 per sq.ft in 2003. Following this, the value rose significantly to Rs 1,000 per sq.ft in 2007, and then to Rs 3,600 per sq.ft in 2012. However, there was a decrease to Rs 2,412 per sq.ft in 2017. The value then increased to Rs 3,600 per sq.ft in 2023, and finally reached Rs 3,900 per sq.ft in the 2024 revision, marking an 8% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 599%. There are no figures available for the revisions from 2012 to 2017 or any other years not listed in the register.

Guideline values in Egmore

In Egmore village, there are 465 streets under the Periamet SRO with a 2024 guideline value ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median guideline value for these streets is Rs 7,100 per sq.ft, placing Dr.Sukkur Street's current value below this median.

• Dr. T.V.Naidu Street: Rs 13,400 per sq.ft (2024)
• Dr.Santhosam Salai: Rs 8,300 per sq.ft (2024)
• Dr.Santhosam Nagar: Rs 2,800 per sq.ft (2024)
• Dr.Natesa MudaliStreet: Rs 2,800 per sq.ft (2024)
• Dr.NairSalai: Rs 13,400 per sq.ft (2024)
• Dr.Muniyappa Road: Rs 13,400 per sq.ft (2024)

Stamp duty and registration fee for property in Dr.Sukkur 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 at 7% would amount to Rs 2,73,000, while the registration fee at 2% would be Rs 78,000. Together, the total cost for stamp duty and registration fee 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.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Dr.Sukkur Street?

The Sub Registrar Office that covers Dr.Sukkur Street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Egmore. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the guideline value, as it can influence the overall transaction costs. Buyers should consider this value when negotiating sale prices, as the stamp duty will be calculated based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Dr.Sukkur Street?

The current guideline value of Dr.Sukkur 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 several times, with the most recent increase being from Rs 3,600 per sq.ft in 2023 to Rs 3,900 per sq.ft in 2024. Overall, from 2002 to 2024, the value has increased by 599%.

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

For a property valued at Rs 39,00,000, the stamp duty would be Rs 2,73,000 and the registration fee would be Rs 78,000, totaling Rs 3,51,000.

Which Sub Registrar Office is responsible for Dr.Sukkur Street?

The Periamet Sub Registrar Office is responsible for Dr.Sukkur Street, located at 1103, Poonamallee High Road, Chennai-600 003.

Where does Dr.Sukkur Street stand in comparison to other streets in Egmore?

Dr.Sukkur Street's guideline value of Rs 3,900 per sq.ft is below the median value of Rs 7,100 per sq.ft for other streets in Egmore under the Periamet SRO.