Guideline Value for SHARMA NAGAR 10TH STREET

Sharma Nagar 10th Street guideline value

The current guideline value of Sharma Nagar 10th Street is Rs 3,200 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, classified as Residential Class III Type - I.

How the guideline value of Sharma Nagar 10th Street has changed

Over the years, the guideline value for Sharma Nagar 10th Street has seen significant changes. In the 2007 revision, the value was Rs 500 per sq.ft, which increased to Rs 3,000 per sq.ft in 2012. However, it then decreased to Rs 2,010 per sq.ft in 2017. The value rose again to Rs 3,000 per sq.ft in 2023, and finally, in the 2024 revision, it reached Rs 3,200 per sq.ft. The changes between revisions include a 500% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, a 49% increase from 2017 to 2023, and a 7% increase from 2023 to 2024.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 540%.

Guideline values in Perambur

In Perambur village, there are 1,114 streets under the Purasaivakkam SRO that have 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. The guideline value of Sharma Nagar 10th Street is above this median.

• Sharma Nagar: Rs 3,200 per sq.ft (2024)
• Sharma Nagar 11th Street: Rs 3,200 per sq.ft (2024)
• Sharma Nagar 12th Street: Rs 3,200 per sq.ft (2024)
• Sharma Nagar 1st Street: Rs 3,200 per sq.ft (2024)
• Sharma Nagar 2nd Street: Rs 3,200 per sq.ft (2024)
• Sharma Nagar 3rd Street: Rs 3,200 per sq.ft (2024)

Stamp duty and registration fee for property in Sharma Nagar 10th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,200 per sq.ft, the total guideline value would be Rs 32,00,000. The stamp duty at 7% would amount to Rs 2,24,000, and the registration fee at 2% would be Rs 64,000, bringing the total fees to Rs 2,88,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sharma Nagar 10th Street?

The Sub Registrar Office that covers Sharma Nagar 10th 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 when buying or selling property in Perambur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is legally recognized. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sharma Nagar 10th Street?

The current guideline value of Sharma Nagar 10th Street is Rs 3,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 500 per sq.ft in 2007 to Rs 3,200 per sq.ft in 2024, marking an overall increase of 540%.

What are the stamp duty and registration fees for property in Sharma Nagar 10th Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 32,00,000, with stamp duty at Rs 2,24,000 and registration fees at Rs 64,000, totaling Rs 2,88,000.

Which Sub Registrar Office covers Sharma Nagar 10th Street?

The Purasaivakkam Sub Registrar Office covers Sharma Nagar 10th Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It serves as a benchmark for ensuring compliance with local regulations when registering a property.