Guideline Value for Dr.Besant Road

Dr.Besant Road guideline value

The current guideline value of Dr.Besant Road is Rs 13,200 per sq.ft, effective from 1 July 2024. This road is located in Triplicane village and falls under the Triplicane SRO. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Dr.Besant Road has changed

The guideline value of Dr.Besant Road has seen significant changes over the years. In 2002, the guideline value was Rs 1,288 per sq.ft. This increased to Rs 1,413 per sq.ft in 2003, marking a 10% rise. The value then rose dramatically to Rs 2,760 per sq.ft in 2007, reflecting a 95% increase. Following this, the value surged to Rs 12,000 per sq.ft in 2012, which was a 335% increase. However, it dropped to Rs 8,040 per sq.ft in 2017, showing a decline of 33%. The value rebounded to Rs 12,000 per sq.ft in 2023, before reaching the current figure of Rs 13,200 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 925%. The register has no figures for the years not listed in the revisions.

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, with a median value of Rs 6,600 per sq.ft. Dr.Besant Road's 2024 figure of Rs 13,200 per sq.ft is significantly above this median.

• Dr.Govindhan Street: Rs 6,600 per sq.ft (2024)
• Dr.Niyamathullah Saheb Street: Rs 6,600 per sq.ft (2024)
• Dowlath Khan Bahadur Street: Rs 6,600 per sq.ft (2024)
• Ellaiyamman Koil Street: Rs 6,600 per sq.ft (2024)
• Ellis 1st Lane: Rs 6,600 per sq.ft (2024)
• Ellis 1st Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Dr.Besant Road

For a 1,000 sq.ft plot at the current rate of Rs 13,200 per sq.ft, the guideline value amounts to Rs 1,32,00,000. The stamp duty at 7% would be Rs 9,24,000, and the registration fee at 2% would be Rs 2,64,000, totaling Rs 11,88,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dr.Besant Road?

The Sub Registrar Office that covers Dr.Besant 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 a critical factor when buying or selling property in Triplicane. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions. Buyers and sellers must consider this value to understand the financial implications of their transactions.

During registration, the guideline value is used to calculate the stamp duty and registration fees. These fees are based on the higher of the guideline value or the sale price, which means that accurate knowledge of the guideline value is essential for both parties involved in the transaction.

Frequently asked questions

What is the current guideline value of Dr.Besant Road?

The current guideline value of Dr.Besant Road is Rs 13,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased significantly from Rs 1,288 per sq.ft in 2002 to Rs 13,200 per sq.ft in 2024, reflecting an overall increase of 925%.

What is the land classification for Dr.Besant Road?

The land classification for Dr.Besant Road is Commercial Class I Type - I.

Where can I find the Sub Registrar Office for Dr.Besant Road?

The Sub Registrar Office for Dr.Besant Road is located at No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai-600014.

How are stamp duty and registration fees calculated for property in Dr.Besant Road?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the same. For a plot of 1,000 sq.ft, the total fees can amount to Rs 11,88,000 based on the current guideline value.