Guideline Value for Hussain Ali Khan 1st Street

Hussain Ali Khan 1st Street guideline value

The current guideline value of Hussain Ali Khan 1st 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 Hussain Ali Khan 1st Street has changed

The guideline value for Hussain Ali Khan 1st Street has undergone several revisions over the years. In 2007, the guideline value was Rs 945 per sq.ft, which saw a significant increase to Rs 6,000 per sq.ft in the 2012 revision. This figure remained unchanged until the 2023 revision, where it was again Rs 6,000 per sq.ft. The most recent revision in 2024 saw an increase of 10%, bringing the guideline value to Rs 6,600 per sq.ft.

Overall, from the 2007 revision to the 2024 revision, there has been a substantial increase of 598%. Notably, there are no figures available for the years 2002, 2003, and 2017 for this street.

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 in this area is Rs 6,600 per sq.ft, which is equal to the current guideline value of Hussain Ali Khan 1st Street.

• Hussain Ali Khan 2nd Street: Rs 6,600 per sq.ft (2024)
• Hussain Ali Khan Cross Street: Rs 6,600 per sq.ft (2024)
• Hussain Mulk Street: Rs 6,600 per sq.ft (2024)
• Hussain Nagar 1st Street: Rs 2,700 per sq.ft (2024)
• Hussain Nagar 2nd Street: Rs 2,700 per sq.ft (2024)
• Hussain Nagar 3rd Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Hussain Ali Khan 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total fees together 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.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Hussain Ali Khan 1st Street?

The Sub Registrar Office that covers Hussain Ali Khan 1st 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 details.

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 property transactions in Triplicane. It serves as a benchmark for determining the minimum value at which property can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value influences the stamp duty and registration fees that need to be paid. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Hussain Ali Khan 1st Street?

The current guideline value of Hussain Ali Khan 1st 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 from Rs 945 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, marking an overall increase of 598% over the years.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 66,00,000, the stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, totaling Rs 5,94,000.

Which Sub Registrar Office covers this street?

The Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014, covers Hussain Ali Khan 1st Street.

What is the land classification of Hussain Ali Khan 1st Street?

The land classification for Hussain Ali Khan 1st Street is Residential Class I Type - I, indicating its use for residential purposes.