Guideline Value for HABIBULLAH 3RD STREET

Habibullah 3rd Street guideline value

The current guideline value of Habibullah 3rd Street is Rs 17,600 per sq.ft, effective from 1 July 2024. This street is located in Tnagar village, under the Thiyagaraya nagar SRO, and is classified as Commercial Special Type - III.

How the guideline value of Habibullah 3rd Street has changed

The guideline value for Habibullah 3rd Street has seen several revisions over the years. In 2002, the value was Rs 2,543 per sq.ft, which increased to Rs 3,250 per sq.ft in 2003, marking a change of +28%. The value then rose significantly to Rs 4,000 per sq.ft in 2007, reflecting a +23% increase. Following that, the guideline value surged to Rs 16,000 per sq.ft in 2012, which was a remarkable +300% change from the previous figure. However, there was a decline to Rs 10,720 per sq.ft in 2017, representing a -33% change. From 2017 to 2023, the value increased again to Rs 16,000 per sq.ft, which was a +49% change. The most recent revision in 2024 set the value at Rs 17,600 per sq.ft, indicating a +10% increase from the previous year.

There are no figures available for the revisions in the years not listed above. The overall change from 2002 to 2024 is +592%.

Guideline values in Tnagar

In Tnagar, there are 262 streets under the Thiyagaraya nagar SRO with a 2024 guideline value ranging from Rs 4,400 to Rs 27,500 per sq.ft. The median guideline value for these streets is Rs 11,000 per sq.ft, placing Habibullah 3rd Street's 2024 value above that median.

• Habibullah 2 Street (Part II Up To Thirumalapillai Road): Rs 17,600 per sq.ft (2024)
• Habibullah Road (Part III Upto G.N.Chetty Street): Rs 17,600 per sq.ft (2024)
• Habibullah 1st Street (Part 1 Upto North Usman Road): Rs 17,600 per sq.ft (2024)
• Hanumantha Rao Road(Street)(Cross Street): Rs 9,900 per sq.ft (2024)
• Guild Street: Rs 9,900 per sq.ft (2024)
• Hindi Prachar Sabha Street: Rs 14,300 per sq.ft (2024)

Stamp duty and registration fee for property in Habibullah 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 17,600 per sq.ft, the total guideline value would be Rs 1,76,00,000. The stamp duty at 7% would amount to Rs 12,32,000, and the registration fee at 2% would be Rs 3,52,000. Together, the total charges would be Rs 15,84,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Habibullah 3rd Street?

The Sub Registrar Office covering Habibullah 3rd Street is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Tnagar. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the transaction.

When a property is registered, the guideline value is used to calculate the necessary fees, ensuring that both the buyer and seller are aware of the financial obligations involved in the property transfer. This process helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Habibullah 3rd Street?

The current guideline value of Habibullah 3rd Street is Rs 17,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,543 per sq.ft in 2002 to Rs 17,600 per sq.ft in 2024, reflecting an overall increase of +592% over the years.

What is the land classification for Habibullah 3rd Street?

Habibullah 3rd Street is classified as Commercial Special Type - III.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Habibullah 3rd Street is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35.

How is stamp duty calculated for properties in Tnagar?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. The current rate is 7% for stamp duty and 2% for the registration fee.