Guideline Value for Dowlath Khan Bahadur Street

Dowlath Khan Bahadur Street guideline value

The current guideline value of Dowlath Khan Bahadur Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village under the Triplicane SRO, classified as Residential Class I Type - I.

How the guideline value of Dowlath Khan Bahadur Street has changed

Over the years, the guideline value of Dowlath Khan Bahadur Street has undergone several revisions. In the 2007 revision, the value was Rs 945 per sq.ft, which saw a significant increase to Rs 6,000 per sq.ft in the 2012 revision, marking a rise of 535%. However, in the 2017 revision, the value decreased to Rs 4,020 per sq.ft, reflecting a drop of 33%. The subsequent revisions saw an increase, with the 2023 revision setting the value at Rs 6,000 per sq.ft, and the latest 2024 revision increasing it to Rs 6,600 per sq.ft, a rise of 10%.

The guideline value register does not have figures for the years 2002 and 2003 for this street. From 2017 to 2023, there was a notable increase of 49%, bringing the value back up to Rs 6,000 per sq.ft before the latest revision. Overall, from 2007 to 2024, the guideline value has increased by 598%.

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 across these streets is Rs 6,600 per sq.ft, which is equal to the current guideline value of Dowlath Khan Bahadur Street.

• Dr.Besant Road: Rs 13,200 per sq.ft (2024)
• Dr.Govindhan Street: Rs 6,600 per sq.ft (2024)
• Dr.Niyamathullah Saheb Street: Rs 6,600 per sq.ft (2024)
• Devaraja Mudali Street: Rs 7,700 per sq.ft (2024)
• Dera Venkatasamy Street: Rs 6,600 per sq.ft (2024)
• Dawood Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Dowlath Khan Bahadur Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be 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. It is important to note that the 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 precise calculations.

Which Sub Registrar Office covers Dowlath Khan Bahadur Street?

The Sub Registrar Office that covers Dowlath Khan Bahadur 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 during property transactions in Triplicane. It is used to determine the stamp duty and registration fees applicable when buying or selling property. The guideline value is established by the government and is updated periodically, reflecting the market conditions and land classifications.

When registering a property, buyers must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government collects appropriate taxes on property transactions, contributing to local development and infrastructure.

Frequently asked questions

What is the current guideline value of Dowlath Khan Bahadur Street?

The current guideline value of Dowlath Khan Bahadur Street 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 significantly from Rs 945 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of 598% over the years.

What is the stamp duty rate for properties in Triplicane?

The stamp duty rate for properties in Triplicane is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Dowlath Khan Bahadur Street located?

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

What is the median guideline value in Triplicane?

The median guideline value in Triplicane is Rs 6,600 per sq.ft, which is the same as the current guideline value for Dowlath Khan Bahadur Street.