Guideline Value for SHARPUDEEN STREET

Sharpudeen Street guideline value

The current guideline value of Sharpudeen Street is Rs 6,300 per sq.ft. This street is located in Puliyur village, under the Kodambakkam SRO, and is classified as Residential Special Type - III.

How the guideline value of Sharpudeen Street has changed

The guideline value for Sharpudeen Street has undergone several revisions over the years. The earliest recorded revision in 2007 set the value at Rs 1,650 per sq.ft, which saw a significant increase to Rs 5,800 per sq.ft in the 2012 revision. This figure remained unchanged until the 2023 revision, where it was again Rs 5,800 per sq.ft. However, in the latest 2024 revision, the value increased to Rs 6,300 per sq.ft, marking a 9% rise from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 282%. It is important to note that there are no figures available for the years 2002, 2003, and 2017 for this street.

Guideline values in Puliyur

Puliyur village has a total of 648 streets under the Kodambakkam SRO that carry a 2024 guideline value, 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 Sharpudeen Street's 2024 figure above that median.

• Sharkhan Thottam: 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)
• Silambu Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Sharpudeen Street

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

Which Sub Registrar Office covers Sharpudeen Street?

The Sub Registrar Office that covers Sharpudeen Street 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 an essential factor when registering property transactions in Puliyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the property registration process.

When buying or selling property, the guideline value helps ensure transparency and consistency in property transactions. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value of Sharpudeen Street?

The current guideline value of Sharpudeen Street 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 1,650 per sq.ft in 2007 to Rs 6,300 per sq.ft in 2024, reflecting a total increase of 282% over the years.

What is the land classification for Sharpudeen Street?

Sharpudeen Street is classified as Residential Special Type - III, indicating its designated use for residential purposes.

What are the stamp duty and registration fees for properties in Sharpudeen Street?

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.

Which office handles property registrations for Sharpudeen Street?

The Kodambakkam Sub Registrar Office handles property registrations for Sharpudeen Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.