Guideline Value for Ebrahim Syed Street

Ebrahim Syed Street guideline value

The current guideline value of Ebrahim Syed Street is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Muthiyalpet village and falls under the Sowcarpet SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Ebrahim Syed Street has changed

The guideline value for Ebrahim Syed Street has seen several revisions over the years. The earliest recorded value is from 2007, which was Rs 1,600 per sq.ft. This increased significantly to Rs 4,500 per sq.ft in 2012, marking a rise of 181%. However, the value dropped to Rs 3,015 per sq.ft in 2017, a decrease of 33%. Following this, the value surged to Rs 4,500 per sq.ft in 2023, and then further increased to the current rate of Rs 4,900 per sq.ft in 2024, reflecting a change of 9% from the previous year.

Notably, there are no recorded figures for Ebrahim Syed Street in the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 206%.

Guideline values in Muthiyalpet

In Muthiyalpet, there are 357 streets under the Sowcarpet SRO that carry a 2024 guideline value, ranging from Rs 3,800 to Rs 16,500 per sq.ft. The median guideline value in this area is Rs 4,400 per sq.ft, placing Ebrahim Syed Street's 2024 figure above this median.

• Edappalayam Street: Rs 4,400 per sq.ft (2024)
• Ekambareswarar Agraharam Street: Rs 6,000 per sq.ft (2024)
• Ekavalli Amman Koil Street: Rs 4,400 per sq.ft (2024)
• Ela Kandappan Street: Rs 4,400 per sq.ft (2024)
• Elephant Gate Street: Rs 6,000 per sq.ft (2024)
• Erulappan Street: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Ebrahim Syed Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value amounts to Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, while the registration fee at 2% would be Rs 98,000. Together, the total cost for stamp duty and registration would be Rs 4,41,000. 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 detailed calculations.

Which Sub Registrar Office covers Ebrahim Syed Street?

The Sub Registrar Office that covers Ebrahim Syed Street is the Sowcarpet Sub Registrar Office, located at No.11, Davidson Street, Sowcarpet, Chennai-01. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Muthiyalpet. It is used to determine the stamp duty and registration fees that must be paid to the government during the registration of the property.

When a buyer or seller approaches the registration office, the guideline value is assessed to ensure that the transaction is compliant with local regulations. This helps in maintaining transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Ebrahim Syed Street?

The current guideline value of Ebrahim Syed Street is Rs 4,900 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 1,600 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, marking an overall increase of 206% over the years.

What is the median guideline value in Muthiyalpet?

The median guideline value in Muthiyalpet is Rs 4,400 per sq.ft, with Ebrahim Syed Street's 2024 figure being above this median.

What are the stamp duty and registration fees for properties in this area?

For a property valued at the current guideline value of Rs 49,00,000, the stamp duty would be Rs 3,43,000 and the registration fee would be Rs 98,000, totaling Rs 4,41,000.

Which office handles the registration for Ebrahim Syed Street?

The registration for Ebrahim Syed Street is handled by the Sowcarpet Sub Registrar Office, located at No.11, Davidson Street, Sowcarpet, Chennai-01.