Guideline Value for Club House Road

Club House Road guideline value

The current guideline value of Club House Road in Triplicane village, under the Triplicane SRO, is Rs 14,300 per sq.ft, effective from 1 July 2024. The land classification for this area is Commercial Special Type - IV.

How the guideline value of Club House Road has changed

Over the years, the guideline value of Club House Road has seen significant changes. In 2002, the guideline value was Rs 3,803 per sq.ft. This increased to Rs 4,172 per sq.ft in 2003, marking a 10% rise. The value continued to rise, reaching Rs 5,430 per sq.ft in 2007, which was a 30% increase from the previous year. The value then jumped to Rs 13,000 per sq.ft in 2012, reflecting a substantial 139% increase from 2007. However, it decreased to Rs 8,710 per sq.ft in 2017, showing a decline of 33%.

From 2017 to 2023, the guideline value increased significantly to Rs 13,000 per sq.ft, a rise of 49%. The most recent revision in 2024 has set the guideline value at Rs 14,300 per sq.ft, which is a 10% increase from 2023. Overall, from 2002 to 2024, the guideline value has increased by 276%.

Guideline values in Triplicane

In Triplicane, 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 is Rs 6,600 per sq.ft, placing Club House Road's 2024 figure above this median.

• C.N.Krishna Swami Lane: Rs 7,700 per sq.ft (2024)
• C.N.Krishna Swami Road: Rs 8,800 per sq.ft (2024)
• Dawood Street: Rs 6,600 per sq.ft (2024)
• Chinnathambi Street: Rs 6,600 per sq.ft (2024)
• Chinnappa Rawther Street: Rs 6,600 per sq.ft (2024)
• Dera Venkatasamy Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Club House Road

For a 1,000 sq.ft plot at the current guideline value of Rs 14,300 per sq.ft, the total guideline value would be Rs 1,43,00,000. The stamp duty, charged at 7%, would amount to Rs 10,01,000, and the registration fee at 2% would be Rs 2,86,000, making the total charges Rs 12,87,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Club House Road?

The Sub Registrar Office covering Club House Road is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. For more information, you can find your SRO.

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

The guideline value serves as a benchmark for property transactions in Triplicane. When a property is bought or sold, the guideline value is used to determine the stamp duty and registration fees applicable at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value as it directly affects the costs involved in the transaction. Accurate knowledge of this value ensures compliance with local regulations and helps in understanding the financial implications of property transactions.

Frequently asked questions

What is the current guideline value of Club House Road?

The current guideline value of Club House Road is Rs 14,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2002, the guideline value has increased from Rs 3,803 per sq.ft to Rs 14,300 per sq.ft in 2024, reflecting an overall increase of 276%.

What is the land classification for Club House Road?

The land classification for Club House Road is Commercial Special Type - IV.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For example, a property valued at Rs 1,43,00,000 would incur a stamp duty of Rs 10,01,000 and a registration fee of Rs 2,86,000.

Where is the Sub Registrar Office for Club House Road located?

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