Guideline Value for Hussain Nagar 4th Street

Hussain Nagar 4th Street guideline value

The current guideline value of Hussain Nagar 4th Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village, under the Triplicane SRO, and is classified as Residential Special Type - V.

How the guideline value of Hussain Nagar 4th Street has changed

In the 2007 revision, the guideline value was Rs 710 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in the 2012 revision, marking a change of +252%. The value remained unchanged at Rs 2,500 per sq.ft in the 2023 revision. The most recent revision in 2024 saw the guideline value rise to Rs 2,700 per sq.ft, which is an increase of +8% from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2017 for Hussain Nagar 4th Street. Overall, from 2007 to 2024, the guideline value has increased by +280%.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO carrying a 2024 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. Hussain Nagar 4th Street's current value is below this median.

• Hussain Nagar 3rd Street: Rs 2,700 per sq.ft (2024)
• Hussain Nagar 5th Street: Rs 2,700 per sq.ft (2024)
• Hussain Nagar 2nd Street: Rs 2,700 per sq.ft (2024)
• Hussain Nagar 1st Street: Rs 2,700 per sq.ft (2024)
• Hussain Mulk Street: Rs 6,600 per sq.ft (2024)
• Hussain Ali Khan Cross Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Hussain Nagar 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, together amounting to Rs 2,43,000. Please note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Hussain Nagar 4th Street?

The Sub Registrar Office that covers Hussain Nagar 4th 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

The guideline value is a crucial factor in property transactions in Triplicane, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for legal documentation.

It is important for buyers and sellers to be aware of the guideline value, as it can affect the overall cost of the transaction. Ensuring that the property is registered at or above the guideline value helps in maintaining compliance with local regulations.

Frequently asked questions

What is the current guideline value of Hussain Nagar 4th Street?

The current guideline value of Hussain Nagar 4th Street is Rs 2,700 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 710 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, marking an overall increase of +280% over the years.

What are the stamp duty and registration fees for properties in Hussain Nagar 4th Street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 27,00,000, the total fees would amount to Rs 2,43,000.

Which office handles property registration for Hussain Nagar 4th Street?

The Triplicane Sub Registrar Office handles property registration for Hussain Nagar 4th Street, located at No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai-600014.

What is the land classification for Hussain Nagar 4th Street?

Hussain Nagar 4th Street is classified as Residential Special Type - V, which indicates its intended use for residential purposes.