Guideline Value for Syed Noor Street

Syed Noor Street guideline value

The current guideline value of Syed Noor Street is Rs 5,500 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 II Type - I.

How the guideline value of Syed Noor Street has changed

In the 2007 revision, the guideline value was Rs 945 per sq.ft. This increased significantly to Rs 5,000 per sq.ft in the 2012 revision, marking a substantial rise of 429%. However, in the 2017 revision, the value decreased to Rs 3,350 per sq.ft, representing a decline of 33%. The 2023 revision saw another increase to Rs 5,000 per sq.ft, followed by a further rise to Rs 5,500 per sq.ft in the 2024 revision, reflecting a 10% increase.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 482%. It is important to note that 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 with a 2024 guideline value ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median value is Rs 6,600 per sq.ft, indicating that Syed Noor Street's 2024 figure is below this median.

• Syed Abdullah Street: Rs 5,500 per sq.ft (2024)
• 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)
• 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 Noor Street

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

Which Sub Registrar Office covers Syed Noor Street?

The Sub Registrar Office that covers Syed Noor 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 an essential factor when registering property transactions in Triplicane. It determines the stamp duty and registration fees that buyers and sellers must pay, ensuring that the transaction is officially recorded and compliant with local regulations.

When you buy or sell property in Syed Noor Street, the guideline value will be used to calculate the applicable fees, which are based on the higher of the guideline value or the sale price. This process helps maintain transparency and standardization in property transactions within the area.

Frequently asked questions

What is the current guideline value of Syed Noor Street?

The current guideline value of Syed Noor 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, reflecting an overall increase of 482% over this period.

What are the other streets in Triplicane with similar guideline values?

Other streets in Triplicane include Syed Abdullah Street at Rs 5,500 per sq.ft, Sydoji Street at Rs 6,600 per sq.ft, and Tajuddin Khan Street at Rs 7,700 per sq.ft, among others.

What is the stamp duty rate for properties in Syed Noor Street?

The stamp duty rate for properties in Syed Noor Street is 7%, which is applied to the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Syed Noor Street located?

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