Guideline Value for John Mohammed Street

John Mohammed Street guideline value

The current guideline value of John Mohammed Street is Rs 5,500 per sq.ft. This street is located in Triplicane village, under the Triplicane SRO, and is classified as Residential Class II Type - I.

How the guideline value of John Mohammed Street has changed

The guideline value for John Mohammed Street has seen significant changes over the years. In the 2007 revision, the value was Rs 1,145 per sq.ft, which increased dramatically to Rs 5,000 per sq.ft in 2012, marking a rise of 337%. However, from 2012 to 2017, the value decreased to Rs 3,350 per sq.ft, a decline of 33%. The value then increased to Rs 5,000 per sq.ft in the 2023 revision, followed by a further increase to Rs 5,500 per sq.ft in the 2024 revision, reflecting a 10% rise.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 380%.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO that have a guideline value for 2024, ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median guideline value is Rs 6,600 per sq.ft, placing John Mohammed Street's 2024 figure below that median.

• Jessan Street: Rs 8,800 per sq.ft (2024)
• Jani John Khan Road 5th Lane: Rs 5,500 per sq.ft (2024)
• Jani John Khan Road 4th Lane: Rs 5,500 per sq.ft (2024)
• Jani John Khan Road 3rd Lane: Rs 5,500 per sq.ft (2024)
• Jani John Khan Road 2nd Lane: Rs 5,500 per sq.ft (2024)
• Jani John Khan Road 1st Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in John Mohammed Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, totaling Rs 4,95,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers John Mohammed Street?

The Sub Registrar Office covering John Mohammed 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 plays a crucial role in property transactions in Triplicane. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property. The guideline value is assessed by the Registration Department and reflects the market conditions for real estate in the area.

When a property is sold, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of John Mohammed Street?

The current guideline value of John Mohammed Street is Rs 5,500 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 1,145 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 380%.

What are the other streets with similar guideline values in Triplicane?

Other streets in Triplicane with similar guideline values include Jani John Khan Road 5th Lane, 4th Lane, 3rd Lane, 2nd Lane, and 1st Street, all at Rs 5,500 per sq.ft in 2024.

What is the stamp duty for property in John Mohammed Street?

The stamp duty for property in John Mohammed Street is calculated at 7% of the guideline value or sale price, whichever is higher. For example, a property valued at Rs 55,00,000 would incur a stamp duty of Rs 3,85,000.

Where is the Sub Registrar Office for John Mohammed Street located?

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