Guideline Value for Habibullah Sahib Cross Street

Habibullah Sahib Cross Street guideline value

The current guideline value of Habibullah Sahib Cross Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village, under the Triplicane SRO, and is classified as Residential Class II Type - I.

How the guideline value of Habibullah Sahib Cross Street has changed

Over the years, the guideline value for Habibullah Sahib Cross Street has seen several revisions. The earliest recorded figure is from 2007, where the value was Rs 1,560 per sq.ft. This increased significantly to Rs 5,000 per sq.ft in 2012, marking a 221% rise. However, the value then dropped to Rs 3,350 per sq.ft in 2017, a decrease of 33%. The subsequent revision in 2023 brought the value back up to Rs 5,000 per sq.ft, and the latest revision in 2024 set it at Rs 5,500 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no recorded figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 253%.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO, with guideline values for 2024 ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median guideline value is Rs 6,600 per sq.ft, which places Habibullah Sahib Cross Street's 2024 figure below that median.

• Habibullah Sahib Street: Rs 5,500 per sq.ft (2024)
• Haji Shaik Hussain 1st Lane: Rs 6,600 per sq.ft (2024)
• Haji Shaik Hussain 2nd Lane: Rs 6,600 per sq.ft (2024)
• Haji Shaik Hussain Street: Rs 6,600 per sq.ft (2024)
• Hakkimmakdam Ashraf Street (H.M.A. Street): Rs 6,600 per sq.ft (2024)
• Gurusamy Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Habibullah Sahib Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, while the registration fee at 2% would be Rs 1,10,000. Together, these fees total Rs 4,95,000. It is important to note that the 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 Sahib Cross Street?

The Sub Registrar Office that covers Habibullah Sahib Cross 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 in the registration process of property transactions in Triplicane. When a property is bought or sold, the guideline value is used to calculate the stamp duty and registration fees applicable to the transaction.

It is essential for buyers and sellers to be aware of the current guideline value, as it determines the financial obligations during the registration process. Ensuring that the property is registered at the correct guideline value helps in maintaining transparency and legality in real estate transactions.

Frequently asked questions

What is the current guideline value of Habibullah Sahib Cross Street?

The current guideline value of Habibullah Sahib Cross Street is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,560 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 253%.

What were the guideline values in previous revisions?

The guideline values for previous revisions are as follows: Rs 5,000 per sq.ft in 2012, Rs 3,350 per sq.ft in 2017, and Rs 5,000 per sq.ft in 2023.

What is the median guideline value in Triplicane?

The median guideline value in Triplicane is Rs 6,600 per sq.ft, which is higher than the current value of Habibullah Sahib Cross Street.

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

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