Guideline Value for Kareem Mohideen Saheb Street

Kareem Mohideen Saheb Street guideline value

The current guideline value of Kareem Mohideen Saheb Street is Rs 5,500 per sq.ft, effective from 1 July 2024. 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 Kareem Mohideen Saheb Street has changed

The guideline value for Kareem Mohideen Saheb Street has seen several revisions over the years. The earliest recorded revision was in 2007, where the guideline value was Rs 945 per sq.ft. This figure increased significantly to Rs 5,000 per sq.ft in 2012, marking an increase of 429%. However, it dropped to Rs 3,350 per sq.ft in 2017, a decrease of 33%. The value then rose sharply to Rs 5,000 per sq.ft in 2023, and most recently, it increased to Rs 5,500 per sq.ft in 2024, reflecting a 10% rise.

There are no recorded figures for the years 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 482%.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO, with guideline values ranging from Rs 2,700 to Rs 20,900 per sq.ft as of 2024. The median guideline value for these streets is Rs 6,600 per sq.ft, placing Kareem Mohideen Saheb Street's 2024 figure below this median.

• Kareem Mohideen Saheb 8th Street: Rs 5,500 per sq.ft (2024)
• Kareem Mohideen Saheb 7th Street: Rs 5,500 per sq.ft (2024)
• Kareem Mohideen Saheb 6th Street: Rs 5,500 per sq.ft (2024)
• Kareem Mohideen Saheb 5th Street: Rs 5,500 per sq.ft (2024)
• Kareem Mohideen Saheb 4th Street: Rs 5,500 per sq.ft (2024)
• Kareem Mohideen Saheb 3rd Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Kareem Mohideen Saheb Street

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

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kareem Mohideen Saheb Street?

Kareem Mohideen Saheb Street is covered by the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Triplicane. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

Frequently asked questions

What is the current guideline value of Kareem Mohideen Saheb Street?

The current guideline value of Kareem Mohideen Saheb 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 from Rs 945 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 482% over the years.

What is the land classification of Kareem Mohideen Saheb Street?

Kareem Mohideen Saheb Street is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office covering Kareem Mohideen Saheb Street is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

How is the stamp duty calculated for property transactions?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, along with a registration fee of 2%.