Guideline Value for Sulaiman Zachiariya street

Sulaiman Zachiariya street guideline value

The current guideline value of Sulaiman Zachiariya street is Rs 8,300 per sq.ft, effective from 1 July 2024. This street is located in Egmore village and falls under the Periamet SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Sulaiman Zachiariya street has changed

The guideline value for Sulaiman Zachiariya street has seen several revisions over the years. The 2007 revision set the value at Rs 2,000 per sq.ft, which increased significantly to Rs 7,600 per sq.ft in the 2012 revision. However, in the 2017 revision, the value dropped to Rs 5,092 per sq.ft. The 2023 revision brought it back up to Rs 7,600 per sq.ft, with the latest revision in 2024 marking a further increase to Rs 8,300 per sq.ft.

Notably, the changes between these revisions highlight a +280% increase from 2007 to 2012, followed by a -33% decrease from 2012 to 2017. The value then surged by +49% from 2017 to 2023, and finally, a +9% increase was observed from 2023 to 2024. The overall change from 2007 to 2024 is +315%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO, with guideline values ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median value is Rs 7,100 per sq.ft, placing Sulaiman Zachiariya street's 2024 figure above this median.

• Sundar Rao Street: Rs 3,400 per sq.ft (2024)
• Sundarrj Street: Rs 8,300 per sq.ft (2024)
• Subbarayan Mudali street: Rs 6,300 per sq.ft (2024)
• Subbarayan ist lane: Rs 7,100 per sq.ft (2024)
• Subbarayan 3rd lane: Rs 7,100 per sq.ft (2024)
• Subbarayan 2nd lane: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in Sulaiman Zachiariya street

For a 1,000 sq.ft plot at the current guideline value of Rs 8,300 per sq.ft, the total guideline value amounts to Rs 83,00,000. The stamp duty at 7% would be Rs 5,81,000, while the registration fee at 2% would be Rs 1,66,000, bringing the total charges to Rs 7,47,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sulaiman Zachiariya street?

The Sub Registrar Office that covers Sulaiman Zachiariya street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. For more information, you can find your SRO.

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

The guideline value is a crucial reference point for property transactions in Egmore. It is used by the registration authorities to determine the stamp duty and registration fees applicable when a property is bought or sold.

When registering a property, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sulaiman Zachiariya street?

The current guideline value of Sulaiman Zachiariya street is Rs 8,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, with an overall increase of +315% from Rs 2,000 per sq.ft in 2007 to Rs 8,300 per sq.ft in 2024.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 83,00,000, the stamp duty would be Rs 5,81,000 and the registration fee would be Rs 1,66,000, totaling Rs 7,47,000.

Which office handles registrations for Sulaiman Zachiariya street?

The Periamet Sub Registrar Office handles registrations for Sulaiman Zachiariya street, located at 1103, Poonamallee High Road, Chennai-600 003.

What is the land classification for Sulaiman Zachiariya street?

The land classification for Sulaiman Zachiariya street is Residential Class I Type - III.