Guideline Value for Ameerunissa Street

Ameerunissa Street guideline value

The current guideline value of Ameerunissa Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village and falls under the Triplicane SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Ameerunissa Street has changed

The guideline value of Ameerunissa Street has undergone several revisions over the years. In the 2007 revision, the guideline value was Rs 710 per sq.ft, which increased significantly to Rs 5,000 per sq.ft in the 2012 revision. However, the value decreased by 33% to Rs 3,350 per sq.ft in the 2017 revision. Following that, the value rose sharply to Rs 5,000 per sq.ft in the 2023 revision, and then again increased by 10% to the current value of Rs 5,500 per sq.ft in the 2024 revision.

It is important to note that the register has no figures for Ameerunissa Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 675%.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO, with guideline values ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median guideline value for these streets is Rs 6,600 per sq.ft, which means Ameerunissa Street's 2024 figure is below that median.

• Amir Mahal Road: Rs 7,700 per sq.ft (2024)
• Alangatha Pillai Street: Rs 6,600 per sq.ft (2024)
• Angamuthu Street (Aslam Bi Bi Street): Rs 6,600 per sq.ft (2024)
• Akbar Sahib Street: Rs 7,700 per sq.ft (2024)
• Agathimuthan Street: Rs 5,500 per sq.ft (2024)
• Adhipattan Street: Rs 16,400 per sq.ft (2024)

Stamp duty and registration fee for property in Ameerunissa Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, while the registration fee at 2% would be Rs 1,10,000, bringing the total fees to Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ameerunissa Street?

The Sub Registrar Office that covers Ameerunissa 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 when buying or selling property in Triplicane. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

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

Frequently asked questions

What is the current guideline value of Ameerunissa Street?

The current guideline value of Ameerunissa 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 710 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, with various revisions occurring in between.

What is the median guideline value of streets in Triplicane?

The median guideline value of streets in Triplicane is Rs 6,600 per sq.ft, with Ameerunissa Street's value being below this median.

What are the stamp duty and registration fees for Ameerunissa Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 55,00,000, with stamp duty at Rs 3,85,000 and registration fee at Rs 1,10,000, totaling Rs 4,95,000.

Where is the Sub Registrar Office for Ameerunissa Street located?

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