Guideline Value for Blockers Road

Blockers Road guideline value

The current guideline value of Blockers Road is Rs 16,500 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 Commercial Special Type - III.

How the guideline value of Blockers Road has changed

The guideline value for Blockers Road has seen significant changes over the years. In the 2002 revision, the value was Rs 1,610 per sq.ft. This increased to Rs 1,767 per sq.ft in 2003, marking a 10% rise. The value then surged to Rs 5,430 per sq.ft in 2007, reflecting a 207% increase. Following this, the 2012 revision set the value at Rs 15,000 per sq.ft, a decrease of 176% from the previous revision. The 2017 revision saw an increase to Rs 10,050 per sq.ft, which was a 49% rise. The value further increased to Rs 15,000 per sq.ft in 2023, before reaching the current rate of Rs 16,500 per sq.ft in 2024, representing a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 925%. There are no revisions with figures missing for this street.

Guideline values in Triplicane

In Triplicane, the 2024 guideline values for streets under the Triplicane SRO range from Rs 2,700 to Rs 20,900 per sq.ft, with a median value of Rs 6,600 per sq.ft. The guideline value for Blockers Road is significantly above this median.

• Boo Begum (Begum Sahib) 1st Lane: Rs 6,600 per sq.ft (2024)
• Boo Begum (Begum Sahib) 1st Street: Rs 6,600 per sq.ft (2024)
• Boo Begum (Begum Sahib) 2nd Lane: Rs 6,600 per sq.ft (2024)
• Boo Begum (Begum Sahib) 2nd Street: Rs 6,600 per sq.ft (2024)
• Boo Begum (Begum Sahib) 3rd Street: Rs 6,600 per sq.ft (2024)
• Boo Begum Sahib 3rd Street, Lane @ Boo Begum 2nd Street(Begum Sahib): Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Blockers Road

For a 1,000 sq.ft plot at the current rate of Rs 16,500 per sq.ft, the guideline value amounts to Rs 1,65,00,000. The stamp duty at 7% would be Rs 11,55,000, and the registration fee at 2% would be Rs 3,30,000, totaling Rs 14,85,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Blockers Road?

The Sub Registrar Office that covers Blockers 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 information.

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

The guideline value is an important factor in the registration process for property transactions in Triplicane. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property.

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. This ensures that the registration fees reflect the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Blockers Road?

The current guideline value of Blockers Road is Rs 16,500 per sq.ft, effective from 1 July 2024.

How often does the guideline value get revised?

The guideline value is revised periodically, with the latest revision taking effect from 1 July 2024. Previous revisions occurred in 2023, 2017, 2012, 2007, 2003, and 2002.

What is the land classification of Blockers Road?

Blockers Road is classified as Commercial Special Type - III, which indicates its designation for commercial activities.

What is the median guideline value in Triplicane?

The median guideline value for streets in Triplicane is Rs 6,600 per sq.ft, which is significantly lower than the current value of Blockers Road.

Where can I find the Triplicane Sub Registrar Office?

The Triplicane Sub Registrar Office is located at No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai-600014. You can find more information about it through the provided link.