Guideline Value for SHARMA NAGAR 9TH STREET

Sharma Nagar 9th Street guideline value

The current guideline value of Sharma Nagar 9th 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 9th Street has changed

The guideline value for Sharma Nagar 9th Street has undergone several revisions over the years. The earliest recorded figure is from 2007, where the guideline value was Rs 500 per sq.ft. This increased significantly to Rs 3,000 per sq.ft in 2012, marking a 500% rise. However, by 2017, the value decreased to Rs 2,010 per sq.ft, a drop of 33%. The value then rose to Rs 3,000 per sq.ft in 2023, and most recently, it has increased to Rs 3,200 per sq.ft in 2024, reflecting a change of 7% from the previous year.

There are no recorded figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 540%.

Guideline values in Perambur

In Perambur, the guideline values vary significantly, with 1,114 streets under the Purasaivakkam SRO carrying a 2024 figure ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, placing Sharma Nagar 9th Street's 2024 value above this median.

• Sharma Nagar 8th Street: Rs 3,200 per sq.ft (2024)
• Sharma Nagar 7th Street: Rs 3,200 per sq.ft (2024)
• Sharma Nagar Main Road: Rs 3,200 per sq.ft (2024)
• Sharma Nagar 6th Street: Rs 3,200 per sq.ft (2024)
• Sharma Nagar 5th Street: Rs 3,200 per sq.ft (2024)
• Sharma Nagar 4th Street: Rs 3,200 per sq.ft (2024)

Stamp duty and registration fee for property in Sharma Nagar 9th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,200 per sq.ft, the total guideline value amounts to Rs 32,00,000. The stamp duty at 7% would be Rs 2,24,000, and the registration fee at 2% would be Rs 64,000, bringing the total fees together to Rs 2,88,000. It is important to note that 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 Sharma Nagar 9th Street?

The Sub Registrar Office that covers Sharma Nagar 9th 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 during the registration of property transactions in Perambur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, it is essential to consider the guideline value as it affects the overall costs involved in the transaction. Buyers should be aware that the stamp duty and registration fees are calculated based on this value, which can significantly impact the total expenditure.

Frequently asked questions

What is the current guideline value of Sharma Nagar 9th Street?

The current guideline value of Sharma Nagar 9th Street is Rs 3,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 3,200 per sq.ft in 2024, showing an overall increase of 540% over the years.

What is the median guideline value for streets in Perambur?

The median guideline value for streets in Perambur under the Purasaivakkam SRO is Rs 2,700 per sq.ft.

What are the stamp duty and registration fees for property in Sharma Nagar 9th Street?

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

Which office handles registrations for Sharma Nagar 9th Street?

The Purasaivakkam Sub Registrar Office at 93/1, Bricklin Road, Otteri, Chennai- 600 012, handles registrations for Sharma Nagar 9th Street.