Guideline Value for Sydoji South Street

Sydoji South Street guideline value

The current guideline value of Sydoji South Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village, under the Triplicane SRO, and is classified as Residential Class I Type - I.

How the guideline value of Sydoji South Street has changed

The guideline value for Sydoji South Street has seen several revisions over the years. In 2007, the value was set at Rs 1,650 per sq.ft. This increased significantly to Rs 6,000 per sq.ft in 2012, marking a 264% rise. However, it then dropped to Rs 4,020 per sq.ft in 2017, reflecting a decrease of 33%. Following this, the value rose to Rs 6,000 per sq.ft in 2023, and then to Rs 6,600 per sq.ft in 2024, which is a 10% increase from the previous year.

Notably, there are no figures available for the revisions in 2002 and 2003 for Sydoji South Street. Overall, from 2007 to 2024, the guideline value has increased by 300%.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO, with the 2024 guideline values ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median guideline value is Rs 6,600 per sq.ft, which is equal to the current value of Sydoji South Street.

• Sydoji Lane: Rs 6,600 per sq.ft (2024)
• Sydoji Street: Rs 6,600 per sq.ft (2024)
• Syed Abdullah Street: Rs 5,500 per sq.ft (2024)
• Syed Noor Street: Rs 5,500 per sq.ft (2024)
• Tajuddin Khan Street: Rs 7,700 per sq.ft (2024)
• Takkuddin Khan Street: Rs 7,700 per sq.ft (2024)

Stamp duty and registration fee for property in Sydoji South Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value would be Rs 66,00,000. The stamp duty at 7% would amount to Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, totaling Rs 5,94,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sydoji South Street?

The Sub Registrar Office that covers Sydoji South Street is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai-600014. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Triplicane. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property.

When a property is registered, the authorities will assess the guideline value to ensure that the transaction reflects the market conditions. This ensures that the correct fees are collected based on the established guideline value.

Frequently asked questions

What is the current guideline value of Sydoji South Street?

The current guideline value of Sydoji South Street is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, from Rs 1,650 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, reflecting a total increase of 300% over the years.

What is the land classification of Sydoji South Street?

Sydoji South Street is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Sydoji South Street?

The Sub Registrar Office for Sydoji South Street is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai-600014.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 66,00,000 would incur stamp duty and registration fees accordingly.