Guideline Value for syful mulk Nawab 1st lane

syful mulk Nawab 1st lane guideline value

The current guideline value for syful mulk Nawab 1st lane 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 1st lane has changed

The guideline value for syful mulk Nawab 1st lane has seen several revisions over the years. In 2007, the value was Rs 1,200 per sq.ft, which increased significantly to Rs 6,500 per sq.ft in 2012. However, it then decreased to Rs 4,355 per sq.ft in 2017. The value rose again to Rs 6,500 per sq.ft in 2023, and the most recent revision in 2024 set it at Rs 7,100 per sq.ft. Notably, there are no figures available for the years 2002 and 2003 for this street.

From 2017 to 2023, the guideline value increased by 49%, while the jump from 2023 to 2024 was 9%. The overall increase from the 2007 revision to the 2024 revision is a substantial 492%. The fluctuations in the guideline value reflect the changes in the real estate landscape over the years.

Guideline values in Egmore

In Egmore, 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 guideline value is Rs 7,100 per sq.ft, which is equal to the current value for syful mulk Nawab 1st lane.

• Syful mulk Nawab 2nd 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 1st lane

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 details.

Which Sub Registrar Office covers syful mulk Nawab 1st lane?

The Sub Registrar Office that covers syful mulk Nawab 1st lane is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value is a critical factor when buying or selling property in Egmore. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers should be aware that the guideline value can influence the overall cost of the transaction.

When a property is sold, the registration office uses the guideline value to calculate the applicable taxes. Therefore, it is essential for both buyers and sellers to understand the current guideline value to ensure compliance with legal requirements during the property transaction.

Frequently asked questions

What is the current guideline value for syful mulk Nawab 1st lane?

The current guideline value for syful mulk Nawab 1st lane 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% over the years.

What are the stamp duty and registration fees for property in syful mulk Nawab 1st lane?

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

Which office handles the registration for syful mulk Nawab 1st lane?

The Periamet Sub Registrar Office handles the registration for syful mulk Nawab 1st lane, located at 1103, Poonamallee High Road, Chennai-600 003.

What is the land classification for syful mulk Nawab 1st lane?

syful mulk Nawab 1st lane is classified as Residential Class II Type - I, indicating its suitability for residential purposes.