Guideline Value for Hussain Mulk Street

Hussain Mulk Street guideline value

The current guideline value of Hussain Mulk 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 Mulk Street has changed

In the 2007 revision, the guideline value for Hussain Mulk Street was Rs 945 per sq.ft. This figure saw a significant increase to Rs 6,000 per sq.ft in the 2012 revision, marking a change of +535%. The value remained unchanged at Rs 6,000 per sq.ft in the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 6,600 per sq.ft, reflecting a change of +10% from the previous year.

There are no figures available for the years 2002, 2003, and 2017 in the register for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by +598%.

Guideline values in Triplicane

In Triplicane, 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 is Rs 6,600 per sq.ft, which is equal to the current figure for Hussain Mulk Street.

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

Stamp duty and registration fee for property in Hussain Mulk 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 and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Hussain Mulk Street?

The Sub Registrar Office that covers Hussain Mulk 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 an essential factor in the registration process for property transactions in Triplicane. It serves as a basis for calculating stamp duty and registration fees, ensuring that all transactions are conducted fairly and transparently.

When buying or selling property, the guideline value helps determine the legal value of the property, which is crucial for documentation and compliance with local regulations. It is important for buyers and sellers to be aware of the current guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Hussain Mulk Street?

The current guideline value of Hussain Mulk 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 seen significant changes, from Rs 945 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, which is an overall increase of +598%.

What are the stamp duty and registration fees for property in Hussain Mulk Street?

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.

Which Sub Registrar Office covers Hussain Mulk Street?

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

What is the land classification for Hussain Mulk Street?

The land classification for Hussain Mulk Street is Residential Class I Type - I.