Guideline Value for Burrah Sahib Street

Burrah Sahib Street guideline value

The current guideline value of Burrah Sahib Street is Rs 7,700 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 Mixed Type - II.

How the guideline value of Burrah Sahib Street has changed

The guideline value for Burrah Sahib Street has undergone several revisions over the years. In 2012, the guideline value was Rs 7,000 per sq.ft, which decreased to Rs 4,690 per sq.ft in 2017. Following this, the value increased significantly to Rs 7,000 per sq.ft in 2023, and then further rose to Rs 7,700 per sq.ft in the 2024 revision. The register has no figures for the years 2002, 2003, and 2007.

Between the revisions, the changes were notable. From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the guideline value increased by 49%. The most recent change from 2023 to 2024 reflects a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Triplicane

In Triplicane village, there are 415 streets under the Triplicane SRO, with guideline values 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 Burrah Sahib Street's 2024 figure above this median.

• Burrah Sahib Lane: Rs 6,600 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 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 at 7% would be Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, bringing the total fees together to Rs 6,93,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Burrah Sahib Street?

The Sub Registrar Office that covers Burrah Sahib 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 is a crucial factor in property transactions in Triplicane. It serves as a reference point for determining the stamp duty and registration fees applicable during the registration of property sales. Buyers and sellers must consider the guideline value to ensure compliance with legal requirements.

When a property is sold, the registration process requires that the stamp duty be paid based on the higher of the guideline value or the sale price. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Burrah Sahib Street?

The current guideline value of Burrah Sahib 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 7,000 per sq.ft in 2012 to Rs 4,690 per sq.ft in 2017, then increased to Rs 7,000 per sq.ft in 2023, and finally to Rs 7,700 per sq.ft in 2024.

What is the median guideline value for streets in Triplicane?

The median guideline value for streets in Triplicane is Rs 6,600 per sq.ft, with Burrah Sahib Street's 2024 figure being above this median.

What are the stamp duty rates for property in Burrah Sahib Street?

The stamp duty rate for property in Burrah Sahib Street is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Burrah Sahib Street?

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