Guideline Value for Angamuthu Street (Aslam Bi Bi Street)

Angamuthu Street (Aslam Bi Bi Street) guideline value

The current guideline value of Angamuthu Street (Aslam Bi Bi Street) is Rs 6,600 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 I Type - I.

How the guideline value of Angamuthu Street (Aslam Bi Bi Street) has changed

The guideline value for Angamuthu Street has undergone several revisions over the years. In 2012, the value was set at Rs 6,000 per sq.ft. This value decreased to Rs 4,020 per sq.ft in 2017, reflecting a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 6,000 per sq.ft, marking a 49% rise. The most recent revision in 2024 has further increased the value to Rs 6,600 per sq.ft, which is a 10% increase from the previous year.

There are no figures available for Angamuthu Street for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

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, which is the same as the guideline value for Angamuthu Street.

• Amir Mahal Road: Rs 7,700 per sq.ft (2024)
• Ameerunissa Street: Rs 5,500 per sq.ft (2024)
• Anna Salai (Mount Road): Rs 20,900 per sq.ft (2024)
• Annasami Lane: Rs 6,600 per sq.ft (2024)
• Anna sami Street: Rs 6,600 per sq.ft (2024)
• Alangatha Pillai Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Angamuthu Street (Aslam Bi Bi Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty, charged at 7%, would be Rs 4,62,000, while the registration fee at 2% would be Rs 1,32,000, bringing the total fees to Rs 5,94,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Angamuthu Street (Aslam Bi Bi Street)?

The Sub Registrar Office that covers Angamuthu Street is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process of property transactions in Triplicane. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these charges are based on an official valuation.

Frequently asked questions

What is the current guideline value of Angamuthu Street?

The current guideline value of Angamuthu Street (Aslam Bi Bi Street) is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 6,000 per sq.ft in 2012 to Rs 4,020 per sq.ft in 2017, then back to Rs 6,000 per sq.ft in 2023, and finally to Rs 6,600 per sq.ft in 2024.

What is the classification of Angamuthu Street?

Angamuthu Street is classified as Residential Class I Type - I, indicating its designation for residential use.

Where can I find the Sub Registrar Office for Angamuthu Street?

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

How is stamp duty calculated for properties in Triplicane?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 66,00,000 would incur a stamp duty of Rs 4,62,000 at 7%.