Guideline Value for Kamman Dharwaja Street (Bharathi Salai / Pycrofts Road)

Kamman Dharwaja Street (Bharathi Salai / Pycrofts Road) guideline value

The current guideline value of Kamman Dharwaja Street (Bharathi Salai / Pycrofts Road) is Rs 8,800 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village and falls under the Triplicane SRO with a land classification of Mixed Type - I.

How the guideline value of Kamman Dharwaja Street (Bharathi Salai / Pycrofts Road) has changed

Over the years, the guideline value of Kamman Dharwaja Street has seen several revisions. The 2012 revision set the value at Rs 8,000 per sq.ft, which was a decrease of 33% from Rs 5,360 per sq.ft in the 2017 revision. The 2023 revision increased the value to Rs 8,000 per sq.ft, and the latest revision in 2024 raised it further to Rs 8,800 per sq.ft, marking a 10% increase from the previous year.

In summary, the guideline values have changed as follows: from Rs 5,360 per sq.ft in 2017 to Rs 8,000 per sq.ft in 2023, and then to Rs 8,800 per sq.ft in 2024. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO with a 2024 guideline value ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median value is Rs 6,600 per sq.ft, placing Kamman Dharwaja Street's 2024 value above this median.

• Kandappa Mudali Street: Rs 6,600 per sq.ft (2024)
• Kamarajar Salai (Beach Road): Rs 13,200 per sq.ft (2024)
• Kareem Mohideen Saheb 1st Street: Rs 5,500 per sq.ft (2024)
• Kareem Mohideen Saheb 2nd Street: Rs 5,500 per sq.ft (2024)
• Kareem Mohideen Saheb 3rd Street: Rs 5,500 per sq.ft (2024)
• Kareem Mohideen Saheb 4th Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Kamman Dharwaja Street (Bharathi Salai / Pycrofts Road)

For a 1,000 sq.ft plot at the current guideline value of Rs 8,800 per sq.ft, the total guideline value would be Rs 88,00,000. The stamp duty at 7% would amount to Rs 6,16,000, and the registration fee at 2% would be Rs 1,76,000, bringing the total to Rs 7,92,000. Duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Kamman Dharwaja Street (Bharathi Salai / Pycrofts Road)?

The Sub Registrar Office that covers Kamman Dharwaja Street is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrofts 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 during property transactions in Triplicane. It determines the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value will influence the overall costs involved in the transaction, including the applicable stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Kamman Dharwaja Street?

The current guideline value of Kamman Dharwaja Street (Bharathi Salai / Pycrofts Road) is Rs 8,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 8,000 per sq.ft in 2012 to Rs 5,360 per sq.ft in 2017, then increased to Rs 8,000 per sq.ft in 2023, and finally to Rs 8,800 per sq.ft in 2024.

What is the land classification for Kamman Dharwaja Street?

The land classification for Kamman Dharwaja Street is Mixed Type - I, which indicates the nature of land use in the area.

Which office handles property registrations in Triplicane?

The Triplicane Sub Registrar Office handles property registrations for Kamman Dharwaja Street, located at No.182 Bharati Salai (Pycrofts Road), Royapettah, Chennai-600014.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 88,00,000, the stamp duty would be Rs 6,16,000 and the registration fee would be Rs 1,76,000, totaling Rs 7,92,000.