Guideline Value for Sydenhams Road

Sydenhams Road guideline value

The current guideline value of Sydenhams Road is Rs 13,000 per sq.ft, effective from 1 July 2024. This road is located in Vepery village under the Periamet SRO and is classified as Residential Class I Type - I.

How the guideline value of Sydenhams Road has changed

The guideline value of Sydenhams Road has seen several revisions over the years. The earliest recorded figure is from 2007, where it was Rs 4,000 per sq.ft. This value increased significantly to Rs 12,000 per sq.ft in 2012, marking a 200% rise. However, it then decreased to Rs 8,040 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 12,000 per sq.ft in 2023, before reaching the current figure of Rs 13,000 per sq.ft in 2024, which is an 8% increase from the previous year.

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 225%.

Guideline values in Vepery

In Vepery, there are 290 streets under the Periamet SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 22,000 per sq.ft. The median guideline value for these streets is Rs 4,800 per sq.ft, making the current value of Sydenhams Road above this median.

• Sundarapuram 4th street: Rs 2,700 per sq.ft (2024)
• Sundarapuram 3rd stret: Rs 2,700 per sq.ft (2024)
• Sundarapuram 2nd street: Rs 2,700 per sq.ft (2024)
• Sundarapuram 1st street: Rs 2,700 per sq.ft (2024)
• sundarajaperumal Koil street: Rs 4,400 per sq.ft (2024)
• Subbaiya Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Sydenhams Road

For a 1,000 sq.ft plot at the current rate of Rs 13,000 per sq.ft, the guideline value amounts to Rs 1,30,00,000. The stamp duty at 7% would be Rs 9,10,000, and the registration fee at 2% would be Rs 2,60,000, totaling Rs 11,70,000. It is important to note that the 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 information.

Which Sub Registrar Office covers Sydenhams Road?

The Sub Registrar Office that covers Sydenhams Road is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more details.

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

The guideline value is a critical factor when registering property transactions in Vepery. It serves as a benchmark for determining the stamp duty and registration fees payable during the sale or purchase of property.

When a buyer or seller engages in a property transaction, the guideline value is used to calculate the applicable charges. This ensures that the registration process is transparent and standardized across different properties in the area.

Frequently asked questions

What is the current guideline value of Sydenhams Road?

The current guideline value of Sydenhams Road is Rs 13,000 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 4,000 per sq.ft to the current Rs 13,000 per sq.ft in 2024, showing a total increase of 225% over the years.

What is the median guideline value for streets in Vepery?

The median guideline value for the 290 streets in Vepery under the Periamet SRO is Rs 4,800 per sq.ft, with Sydenhams Road's current value being above this median.

What are the stamp duty and registration fees for property in Sydenhams Road?

The stamp duty for a property valued at Rs 1,30,00,000 would be Rs 9,10,000, and the registration fee would be Rs 2,60,000, totaling Rs 11,70,000.

Which office handles property registrations for Sydenhams Road?

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