Guideline Value for SYED YAGUF STREET

Syed Yaguf Street guideline value

The current guideline value of Syed Yaguf Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Chengalpattu Natham village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Syed Yaguf Street has changed

The guideline value for Syed Yaguf Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 1,340 per sq.ft, reflecting a decrease of 33%. In the subsequent 2023 revision, the value increased to Rs 2,000 per sq.ft, and then further rose to Rs 2,200 per sq.ft in the 2024 revision, marking a 10% increase from the previous year. The register has no figure for this street in the years 2002, 2003, and 2007.

From the 2017 revision to 2023, the value increased by 49%. Overall, comparing the 2012 figure to the 2024 figure, there has been a 10% increase. This consistent change reflects the evolving property landscape in the area.

Guideline values in Chengalpattu Natham

In Chengalpattu Natham, there are 88 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, which is equal to the current value of Syed Yaguf Street.

• T.B.Salai Ward-4: Rs 2,750 per sq.ft (2024)
• Sunnambukarath Street: Rs 2,200 per sq.ft (2024)
• Sundaravinayagar Kovil Street: Rs 2,200 per sq.ft (2024)
• Sundaramurthy Vinayagar Kovil Street: Rs 2,200 per sq.ft (2024)
• Sulai Athimulam Street: Rs 1,650 per sq.ft (2024)
• Thattan Malai Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Syed Yaguf Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees together to Rs 1,98,000. 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 our stamp duty and registration fee calculator for more accurate estimates.

Which Sub Registrar Office covers Syed Yaguf Street?

The Sub Registrar Office that covers Syed Yaguf Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Chengalpattu Natham. It is used to determine the stamp duty and registration fees that are applicable during the registration process. Buyers must be aware that these costs are based on the guideline value or the sale price, whichever is higher.

When engaging in property transactions, understanding the guideline value is essential for budgeting the overall costs involved. It ensures that buyers and sellers are compliant with local regulations and helps in the smooth processing of property registrations.

Frequently asked questions

What is the current guideline value of Syed Yaguf Street?

The current guideline value of Syed Yaguf Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then back to Rs 2,000 in 2023, and finally to Rs 2,200 in 2024.

What is the land classification for Syed Yaguf Street?

The land classification for Syed Yaguf Street is Residential Special Type - III.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000, and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles the registration for Syed Yaguf Street?

The Chengleput Joint II Sub Registrar Office handles the registration for Syed Yaguf Street, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.