Guideline Value for Syed Abdullah Street

Syed Abdullah Street guideline value

The current guideline value of Syed Abdullah Street is Rs 5,500 per sq.ft. This street is located in Triplicane village, under the Triplicane SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Syed Abdullah Street has changed

The guideline value for Syed Abdullah Street has undergone several revisions over the years. In 2007, the value was Rs 945 per sq.ft, which increased significantly to Rs 5,000 per sq.ft in 2012. However, it then decreased to Rs 3,350 per sq.ft in 2017. The value saw a substantial increase to Rs 5,000 per sq.ft in 2023, and currently stands at Rs 5,500 per sq.ft as of the 2024 revision, effective from 1 July 2024.

Between the revisions, the changes were notable. From 2007 to 2012, there was an increase of 429%. However, from 2012 to 2017, the value decreased by 33%. The value then rose by 49% from 2017 to 2023, and finally, there was a 10% increase from 2023 to 2024. The overall change from 2007 to 2024 is an increase of 482%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO that carry a 2024 guideline value, ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median value for these streets is Rs 6,600 per sq.ft, placing Syed Abdullah Street's 2024 figure below this median.

• Sydoji Street: Rs 6,600 per sq.ft (2024)
• Sydoji South Street: Rs 6,600 per sq.ft (2024)
• Sydoji Lane: Rs 6,600 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 Syed Abdullah Street

For a 1,000 sq.ft plot at the current rate of Rs 5,500 per sq.ft, the guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total to Rs 4,95,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Syed Abdullah Street?

The Sub Registrar Office that covers Syed Abdullah 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 when buying or selling property in Triplicane. It helps determine the stamp duty and registration fees that need to be paid during the registration process. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher of the two will be used to calculate the applicable duties.

When registering property transactions, the guideline value serves as a benchmark for pricing. It ensures that the government receives appropriate revenue from property transactions based on the established rates for various areas, including Syed Abdullah Street.

Frequently asked questions

What is the current guideline value of Syed Abdullah Street?

The current guideline value of Syed Abdullah Street is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 945 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, with various increases and decreases in between.

What is the land classification for Syed Abdullah Street?

Syed Abdullah Street is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for Syed Abdullah Street?

The Sub Registrar Office for Syed Abdullah Street is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

How do I calculate the stamp duty for property in Syed Abdullah Street?

To calculate the stamp duty, you can use the guideline value of Rs 5,500 per sq.ft and apply the relevant rates for stamp duty and registration fees. A calculator is available for precise calculations.