Guideline Value for Syful mulk Nawab 2ndlane

Syful mulk Nawab 2ndlane guideline value

The current guideline value of Syful mulk Nawab 2ndlane is Rs 7,100 per sq.ft, effective from 1 July 2024. This street is located in Egmore village, under the Periamet SRO, and is classified as Residential Class II Type - I.

How the guideline value of Syful mulk Nawab 2ndlane has changed

The guideline value for Syful mulk Nawab 2ndlane has seen significant changes over the years. In the 2007 revision, the value was Rs 1,200 per sq.ft, which increased dramatically to Rs 6,500 per sq.ft in the 2012 revision. However, it then decreased to Rs 4,355 per sq.ft in 2017. The 2023 revision marked a rise to Rs 6,500 per sq.ft, and the most recent revision in 2024 set the value at Rs 7,100 per sq.ft, reflecting a 9% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 492%. The revisions for the years 2002 and 2003 do not have any figures recorded for this street.

Guideline values in Egmore

In Egmore village, there are 465 streets under the Periamet SRO that carry a 2024 guideline value, ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median value is Rs 7,100 per sq.ft, which is equal to the current guideline value of Syful mulk Nawab 2ndlane.

• syful mulk Nawab 1st lane: Rs 7,100 per sq.ft (2024)
• Syful Mulk Nawab Street: Rs 7,100 per sq.ft (2024)
• Tailors lane: Rs 11,000 per sq.ft (2024)
• Tailos Salai: Rs 15,000 per sq.ft (2024)
• Tamil Salai: Rs 13,400 per sq.ft (2024)
• Tarapore Avenue: Rs 11,000 per sq.ft (2024)

Stamp duty and registration fee for property in Syful mulk Nawab 2ndlane

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value amounts to Rs 71,00,000. The stamp duty at 7% would be Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, bringing the total to Rs 6,39,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more accurate calculations based on your specific property details.

Which Sub Registrar Office covers Syful mulk Nawab 2ndlane?

The Sub Registrar Office that covers Syful mulk Nawab 2ndlane 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 factor in the registration process when buying or selling property in Egmore. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Syful mulk Nawab 2ndlane?

The current guideline value of Syful mulk Nawab 2ndlane is Rs 7,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,200 per sq.ft in 2007 to Rs 7,100 per sq.ft in 2024, marking an overall increase of 492%.

What are the stamp duty and registration fees for property in Syful mulk Nawab 2ndlane?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total cost would be Rs 6,39,000.

Which office handles property registrations for Syful mulk Nawab 2ndlane?

The Periamet Sub Registrar Office handles property registrations for Syful mulk Nawab 2ndlane, located at 1103, Poonamallee High Road, Chennai-600 003.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It is essential for ensuring that the correct amount is paid to the government based on the higher of the guideline value or the sale price.