Guideline Value for Khana Bagh 2nd Lane

Khana Bagh 2nd Lane guideline value

The current guideline value of Khana Bagh 2nd Lane is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village under the Triplicane SRO, classified as Residential Class I Type - I.

How the guideline value of Khana Bagh 2nd Lane has changed

The guideline value for Khana Bagh 2nd Lane has remained at Rs 6,000 per sq.ft since the 2012 revision until the 2023 revision. In the 2024 revision, the guideline value increased to Rs 6,600 per sq.ft, reflecting a 10% rise from the previous year.

From the 2012 revision to the 2024 revision, there has been an overall increase of 10%. Notably, there are no figures available for the revisions in the years 2002, 2003, 2007, and 2017 for this street.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO that carry 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. The guideline value for Khana Bagh 2nd Lane is equal to this median.

• Khanabagh 1st Lane: Rs 6,600 per sq.ft (2024)
• Khana Bagh 3rd Lane: Rs 6,600 per sq.ft (2024)
• Khanabagh 4th Lane: Rs 6,600 per sq.ft (2024)
• Khanabagh Street: Rs 7,700 per sq.ft (2024)
• Kidabath Khan Street: Rs 6,600 per sq.ft (2024)
• Koya Arunagiri 1st Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Khana Bagh 2nd Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total to Rs 5,94,000. Duty is charged on the higher of the guideline value and the sale price.

For more details on fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Khana Bagh 2nd Lane?

Khana Bagh 2nd Lane falls under 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 is an important reference point when buying or selling property in Triplicane. It is used to determine the stamp duty and registration fees applicable during the registration process.

When a property is registered, the applicable fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is documented accurately and in compliance with local regulations.

Frequently asked questions

What is the current guideline value for Khana Bagh 2nd Lane?

The current guideline value for Khana Bagh 2nd Lane is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 6,000 per sq.ft in 2012 to Rs 6,600 per sq.ft in 2024, marking a 10% increase. There were no changes recorded for this street in the years 2002, 2003, 2007, and 2017.

What is the land classification for Khana Bagh 2nd Lane?

Khana Bagh 2nd Lane is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Triplicane Sub Registrar Office?

The Triplicane Sub Registrar Office is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. This office handles registrations for properties in the Triplicane area.

How is the stamp duty calculated for properties in Khana Bagh 2nd Lane?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 66,00,000, the stamp duty would be Rs 4,62,000.