Guideline Value for Hanumantharayan Koil Street

Hanumantharayan Koil Street guideline value

The current guideline value of Hanumantharayan Koil Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village and falls under the Triplicane SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Hanumantharayan Koil Street has changed

The guideline value for Hanumantharayan Koil Street has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 1,650 per sq.ft. This figure saw a significant increase to Rs 6,000 per sq.ft in the 2012 revision, which remained unchanged in the 2023 revision. However, the latest 2024 revision has increased the value to Rs 6,600 per sq.ft, reflecting a 10% rise from the previous year.

Overall, from the 2007 revision to the 2024 revision, there has been a substantial increase of 300%. Notably, there are no figures available for the years 2002, 2003, and 2017 in the register for this street.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO that have a 2024 guideline value ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median value for this area is Rs 6,600 per sq.ft, which is also the current guideline value for Hanumantharayan Koil Street.

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

Stamp duty and registration fee for property in Hanumantharayan Koil Street

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 66,00,000. The stamp duty, charged at 7%, would be Rs 4,62,000, and 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 or the sale price.

You can calculate your specific fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Hanumantharayan Koil Street?

The Sub Registrar Office that covers Hanumantharayan Koil 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 is a crucial factor in the registration process of properties in Triplicane. It serves as a benchmark for determining the minimum value of a property for transaction purposes, ensuring that properties are not sold below a certain price.

When registering a property, buyers must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Hanumantharayan Koil Street?

The current guideline value of Hanumantharayan Koil 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 1,650 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, reflecting a 300% increase overall.

What is the land classification for Hanumantharayan Koil Street?

Hanumantharayan Koil Street is classified as Residential Class I Type - I, indicating its use for residential purposes.

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

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

How is stamp duty calculated for properties in Triplicane?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 66,00,000 would incur a stamp duty of Rs 4,62,000 at 7%.