Guideline Value for Hassari Street

Hassari Street guideline value

The current guideline value of Hassari Street is Rs 8,800 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village, under the Triplicane SRO, and is classified as Mixed Type - I land.

How the guideline value of Hassari Street has changed

The guideline value for Hassari Street has seen significant changes over the years. In the 2007 revision, the value was Rs 1,650 per sq.ft, which increased dramatically to Rs 8,000 per sq.ft in 2012, marking a rise of 385%. However, in the 2017 revision, it decreased to Rs 5,360 per sq.ft, a drop of 33%. The value then rose again to Rs 8,000 per sq.ft in 2023, before reaching the current figure of Rs 8,800 per sq.ft in the 2024 revision, reflecting a 10% increase.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 433%. The revisions for the years 2002 and 2003 do not have any figures recorded for this street.

Guideline values in Triplicane

Within Triplicane village, 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. The median guideline value for these streets is Rs 6,600 per sq.ft, placing Hassari Street's current value above this median.

• Hanumantharayan Koil Street: Rs 6,600 per sq.ft (2024)
• 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)

Stamp duty and registration fee for property in Hassari Street

For a 1,000 sq.ft plot at the current guideline value of Rs 8,800 per sq.ft, the total guideline value amounts to Rs 88,00,000. The stamp duty at 7% would be Rs 6,16,000, and the registration fee at 2% would be Rs 1,76,000, bringing the total to Rs 7,92,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details on fees.

Which Sub Registrar Office covers Hassari Street?

The Sub Registrar Office that covers Hassari Street is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai-600014. To find your SRO, you can visit find your SRO.

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

When buying or selling property in Triplicane, the guideline value plays a crucial role in determining the registration fees and stamp duty. The guideline value is used as a reference point to calculate these fees, ensuring that they are aligned with the current market standards.

It is essential for buyers and sellers to be aware of the guideline value as it impacts the overall cost of the transaction. The fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring transparency in property transactions.

Frequently asked questions

What is the current guideline value of Hassari Street?

The current guideline value of Hassari Street is Rs 8,800 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 8,800 per sq.ft in 2024, showing an overall increase of 433%.

What are the guideline values for other streets in Triplicane?

Other streets in Triplicane have a 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.

What is the registration fee for property in Hassari Street?

The registration fee for property in Hassari Street is calculated at 2% of the guideline value, which is Rs 1,76,000 for a 1,000 sq.ft plot at the current rate.

Where is the Sub Registrar Office for Hassari Street located?

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