Guideline Value for Hussain Saheb St

Hussain Saheb St guideline value

The current guideline value of Hussain Saheb St is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Cantonment Pallavaram village, under the Pallavaram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Hussain Saheb St has changed

The guideline value for Hussain Saheb St has seen several revisions over the years. The earliest recorded revision is from 2007, where the value was Rs 1,000 per sq.ft. This figure increased significantly to Rs 2,500 per sq.ft in 2012, marking a 150% rise. However, the value decreased to Rs 1,675 per sq.ft in 2017, which represents a 33% decline. Following this, the value surged to Rs 2,500 per sq.ft in 2023, and further increased to Rs 2,700 per sq.ft in 2024, reflecting an 8% increase from the previous year.

Notably, there are no recorded figures for Hussain Saheb St in the revisions of 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 170%.

Guideline values in Cantonment Pallavaram

Cantonment Pallavaram has a range of guideline values across its 81 streets, with the 2024 figures ranging from Rs 1,650 to Rs 11,000 per sq.ft. The median value is Rs 2,700 per sq.ft, which is equal to the current guideline value of Hussain Saheb St.

• Hospital Street: Rs 2,700 per sq.ft (2024)
• Indragandhi Road: Rs 5,500 per sq.ft (2024)
• Ismoil Street: Rs 3,300 per sq.ft (2024)
• G.S.T.Main Road: Rs 11,000 per sq.ft (2024)
• Jaganthan Street: Rs 3,300 per sq.ft (2024)
• Janab Ismail Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Hussain Saheb St

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 amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total fees to Rs 2,43,000. 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 your fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Hussain Saheb St?

The Sub Registrar Office that covers Hussain Saheb St is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Cantonment Pallavaram. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling a property, the guideline value is used to calculate applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the guideline value, as it ensures compliance with local regulations and helps in the smooth processing of property transactions.

Frequently asked questions

What is the current guideline value of Hussain Saheb St?

The current guideline value of Hussain Saheb St 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 from Rs 1,000 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 170%.

Which Sub Registrar Office covers Hussain Saheb St?

The Pallavaram Sub Registrar Office covers Hussain Saheb St, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

What are the stamp duty and registration fees for property in Hussain Saheb St?

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

What is the land classification of Hussain Saheb St?

Hussain Saheb St is classified as Residential Class II Type - I.