Guideline Value for SHARKHAN THOTTAM

Sharkhan Thottam guideline value

The current guideline value of Sharkhan Thottam is Rs 6,300 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village under the Kodambakkam SRO, classified as Residential Special Type - III.

How the guideline value of Sharkhan Thottam has changed

The guideline value for Sharkhan Thottam has undergone several revisions over the years. In 2002, the value was Rs 896 per sq.ft, which increased to Rs 1,300 per sq.ft in 2007, marking a significant rise of 45%. The value remained at Rs 5,800 per sq.ft from 2012 until the 2023 revision, showing no change during that period. In 2023, the value was revised to Rs 5,800 per sq.ft, and it increased by 9% to Rs 6,300 per sq.ft in 2024.

There are no figures available for the years 2003 and 2017 in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by 603%.

Guideline values in Puliyur

Puliyur village has a total of 648 streets under the Kodambakkam SRO, with guideline values ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value in this area is Rs 5,800 per sq.ft, placing Sharkhan Thottam's 2024 figure above this median.

• Sharpudeen Street: Rs 6,300 per sq.ft (2024)
• Shanmuganar Salai: Rs 6,300 per sq.ft (2024)
• Shyamalavadana Cross Street: Rs 7,100 per sq.ft (2024)
• Shyamala Vadhana 1st Street: Rs 7,100 per sq.ft (2024)
• Shyamala Vadhana 2nd Street: Rs 7,100 per sq.ft (2024)
• Senthil Nagar 4th Street: Rs 5,800 per sq.ft (2024)

Stamp duty and registration fee for property in Sharkhan Thottam

For a 1,000 sq.ft plot at the current guideline value of Rs 6,300 per sq.ft, the total guideline value would be Rs 63,00,000. The stamp duty at 7% would amount to Rs 4,41,000, and the registration fee at 2% would be Rs 1,26,000, bringing the total cost for these fees to Rs 5,67,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sharkhan Thottam?

The Sub Registrar Office that covers Sharkhan Thottam is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Puliyur. It serves as a baseline for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a fair value as per government standards.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable fees. This process helps maintain transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of Sharkhan Thottam?

The current guideline value of Sharkhan Thottam is Rs 6,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 896 per sq.ft in 2002 to Rs 6,300 per sq.ft in 2024, marking an overall increase of 603% over this period.

What is the median guideline value in Puliyur?

The median guideline value in Puliyur is Rs 5,800 per sq.ft, with Sharkhan Thottam's current value being above this median.

What are the stamp duty and registration fees for a property in Sharkhan Thottam?

For a property valued at Rs 63,00,000, the stamp duty would be Rs 4,41,000 and the registration fee would be Rs 1,26,000, totaling Rs 5,67,000.

Where is the Sub Registrar Office for Sharkhan Thottam located?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.