Guideline Value for Assudin Khan Street

Assudin Khan Street guideline value

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

How the guideline value of Assudin Khan Street has changed

Over the years, the guideline value of Assudin Khan Street has seen significant changes. The 2007 revision recorded a guideline value of Rs 1,560 per sq.ft, which increased dramatically to Rs 7,000 per sq.ft in 2012, marking a rise of 349%. However, from 2012 to 2017, the value decreased to Rs 4,690 per sq.ft, a decline of 33%. The subsequent revisions saw the value rise again, reaching Rs 7,000 per sq.ft in 2023, and then increasing by 10% to the current rate of Rs 7,700 per sq.ft in 2024.

There are no recorded figures for Assudin Khan Street in the years 2002 and 2003. The overall change from the 2007 revision to the 2024 revision reflects a substantial increase of 394%.

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 value is Rs 6,600 per sq.ft, placing Assudin Khan Street's current value above this median.

• Ayothiya Nagar: Rs 2,700 per sq.ft (2024)
• Ayyasami Chetty Lane: Rs 5,500 per sq.ft (2024)
• Ayyasami Chetty Street: Rs 5,500 per sq.ft (2024)
• Arunachala Achari Street: Rs 7,700 per sq.ft (2024)
• Arumuga Vaidhiyar Street: Rs 6,600 per sq.ft (2024)
• Arumugappa Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Assudin Khan Street

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, charged at 7%, would be Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, bringing the total to Rs 6,93,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Assudin Khan Street?

The Sub Registrar Office that covers Assudin Khan 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 plays a crucial role in the registration process of property transactions in Triplicane. It is used to determine the stamp duty and registration fees that need to be paid when a property is sold or purchased.

When buyers and sellers engage in a transaction, the guideline value ensures a standardized assessment of property value, which helps in calculating the necessary fees. This value is essential for legal documentation and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Assudin Khan Street?

The current guideline value of Assudin Khan Street 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 from Rs 1,560 per sq.ft in 2007 to Rs 7,700 per sq.ft in 2024, reflecting an overall increase of 394% over the years.

What is the land classification for Assudin Khan Street?

Assudin Khan Street is classified as Mixed Type - II land, indicating a diverse use of properties in the area.

Where can I find the Sub Registrar Office for Assudin Khan Street?

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

How is stamp duty calculated on properties in Triplicane?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the appropriate fees are collected during property transactions.