Guideline Value for Amir Mahal Road

Amir Mahal Road guideline value

The current guideline value of Amir Mahal Road is Rs 7,700 per sq.ft, effective from 1 July 2024. This road is located in Triplicane village, under the Triplicane SRO, and is classified as Mixed Type - II land.

How the guideline value of Amir Mahal Road has changed

The guideline value for Amir Mahal Road has seen significant changes over the years. In 2002, the value was Rs 508 per sq.ft, which increased to Rs 558 per sq.ft in 2003. The value then rose dramatically to Rs 1,560 per sq.ft in 2007, marking an increase of 180%. Following this, the value surged to Rs 7,000 per sq.ft in 2012, a substantial increase of 349%. However, between 2012 and 2017, the value decreased to Rs 4,690 per sq.ft, reflecting a decline of 33%. The value then rose again to Rs 7,000 per sq.ft in 2023, before reaching the current value of Rs 7,700 per sq.ft in 2024, which is a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 1,416%. There are no figures available for the years not mentioned in the register 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 guideline value for these streets is Rs 6,600 per sq.ft, placing Amir Mahal Road's current value above this median.

• Ameerunissa Street: Rs 5,500 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 Amir Mahal Road

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value amounts to Rs 77,00,000. The stamp duty at 7% would be Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, totaling Rs 6,93,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Amir Mahal Road?

The Sub Registrar Office that covers Amir Mahal Road is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more details.

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 serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue in the form of stamp duty and registration fees.

When a property is sold, the buyer and seller must consider the guideline value to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial obligations involved in the transaction, based on the established guideline value.

Frequently asked questions

What is the current guideline value of Amir Mahal Road?

The current guideline value of Amir Mahal Road is Rs 7,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 508 per sq.ft in 2002 to Rs 7,700 per sq.ft in 2024, reflecting an overall increase of 1,416% over the years.

What is the median guideline value in Triplicane?

The median guideline value for streets in Triplicane is Rs 6,600 per sq.ft, with Amir Mahal Road's value being above this median.

What are the stamp duty and registration fees for property in Amir Mahal Road?

For a property valued at Rs 77,00,000, the stamp duty would be Rs 5,39,000, and the registration fee would be Rs 1,54,000, totaling Rs 6,93,000.

Where is the Sub Registrar Office for Amir Mahal Road located?

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