Guideline Value for Haji Shaik Hussain 1st Lane

Haji Shaik Hussain 1st Lane guideline value

The current guideline value of Haji Shaik Hussain 1st Lane is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village, under the jurisdiction of the Triplicane SRO, and is classified as Residential Class I Type - I.

How the guideline value of Haji Shaik Hussain 1st Lane has changed

Over the years, the guideline value of Haji Shaik Hussain 1st Lane has seen several revisions. The earliest recorded figure is from 2012, which was Rs 6,000 per sq.ft. This figure remained unchanged until 2017, when it decreased to Rs 4,020 per sq.ft. Following that, the value increased significantly to Rs 6,000 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 has set the guideline value at Rs 6,600 per sq.ft, representing a 10% increase from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

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 for the area is Rs 6,600 per sq.ft, which is equal to the current value of Haji Shaik Hussain 1st Lane.

• 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)
• Habibullah Sahib Street: Rs 5,500 per sq.ft (2024)
• Habibullah Sahib Cross Street: Rs 5,500 per sq.ft (2024)
• Hanumantharayan Koil Lane: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Haji Shaik Hussain 1st Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value would be Rs 66,00,000. The stamp duty at 7% would amount to Rs 4,62,000, while the registration fee at 2% would be Rs 1,32,000, bringing the total to Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Haji Shaik Hussain 1st Lane?

The Sub Registrar Office that covers Haji Shaik Hussain 1st Lane 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 an essential factor in the registration process when buying or selling property in Triplicane. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction reflects the prevailing market conditions.

When a property is registered, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the appropriate taxes are paid to the government during the property transfer process.

Frequently asked questions

What is the current guideline value of Haji Shaik Hussain 1st Lane?

The current guideline value of Haji Shaik Hussain 1st Lane 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 from Rs 6,000 per sq.ft in 2012 to Rs 4,020 per sq.ft in 2017, then increased to Rs 6,000 per sq.ft in 2023, and finally to Rs 6,600 per sq.ft in 2024.

What is the land classification for Haji Shaik Hussain 1st Lane?

Haji Shaik Hussain 1st Lane is classified as Residential Class I Type - I.

What are the stamp duty and registration fees for property in Haji Shaik Hussain 1st Lane?

For a property valued at Rs 66,00,000, the stamp duty would be Rs 4,62,000 and the registration fee would be Rs 1,32,000, totaling Rs 5,94,000.

Where is the Sub Registrar Office for Haji Shaik Hussain 1st Lane located?

The Sub Registrar Office for Haji Shaik Hussain 1st Lane is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.