Guideline Value for Burrah Sahib Lane

Burrah Sahib Lane guideline value

The current guideline value of Burrah Sahib Lane 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 Burrah Sahib Lane has changed

The guideline value for Burrah Sahib Lane has seen several revisions over the years. In 2002, the value was Rs 674 per sq.ft, which increased to Rs 740 per sq.ft in 2003. Following this, the value rose to Rs 945 per sq.ft in 2007, marking an increase of 28%. The value then experienced a significant jump to Rs 6,000 per sq.ft in 2012, reflecting a 535% increase. However, it decreased to Rs 4,020 per sq.ft in 2017, a reduction of 33%. The value was Rs 6,000 per sq.ft in 2023, and as of the 2024 revision, it stands at Rs 6,600 per sq.ft, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 879%. The register has no figures for the revisions in years other than those listed.

Guideline values in Triplicane

In Triplicane village, there are 415 streets under the Triplicane SRO with 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, which is equal to the current guideline value for Burrah Sahib Lane.

• Burrah Sahib Street: Rs 7,700 per sq.ft (2024)
• Butchi Street (Butchi Babu Naidu Street): Rs 6,600 per sq.ft (2024)
• Byramjung Bahadur 1st Street: Rs 7,700 per sq.ft (2024)
• Byramjung Bahadur 2nd Street: Rs 7,700 per sq.ft (2024)
• Byramjung Bahadur Street: Rs 7,700 per sq.ft (2024)
• Buddi Begum Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Burrah Sahib Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value would be Rs 66,00,000. The stamp duty at 7% would amount to Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total fees to Rs 5,94,000. Please note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Burrah Sahib Lane?

The Sub Registrar Office that covers Burrah Sahib Lane 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 during the registration process of property transactions in Triplicane. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

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

Frequently asked questions

What is the current guideline value of Burrah Sahib Lane?

The current guideline value of Burrah Sahib Lane 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 674 per sq.ft in 2002 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of 879% over the years.

What is the land classification for Burrah Sahib Lane?

Burrah Sahib Lane is classified as Residential Class I Type - I.

Where is the Sub Registrar Office for Burrah Sahib Lane located?

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

How are stamp duty and registration fees calculated for properties in Triplicane?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 66,00,000, the total fees would amount to Rs 5,94,000.