Guideline Value for Khanabagh 4th lane

Khanabagh 4th lane guideline value

The current guideline value of Khanabagh 4th lane is Rs 6,600 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 I Type - I.

How the guideline value of Khanabagh 4th lane has changed

The guideline value register for Khanabagh 4th lane shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The latest revision in 2024 lists the guideline value at Rs 6,600 per sq.ft.

There have been no changes between the revisions listed above. The only available figure is from the 2024 revision, which is Rs 6,600 per sq.ft.

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. The median guideline value is Rs 6,600 per sq.ft, which is equal to the 2024 figure for Khanabagh 4th lane.

• Khana Bagh 3rd Lane: Rs 6,600 per sq.ft (2024)
• Khanabagh Street: Rs 7,700 per sq.ft (2024)
• Khana Bagh 2nd Lane: Rs 6,600 per sq.ft (2024)
• Khanabagh 1st Lane: Rs 6,600 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 Khanabagh 4th lane

For a 1,000 sq.ft plot at the current rate of Rs 6,600 per sq.ft, the guideline value would be Rs 66,00,000. The stamp duty at 7% would amount to Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, totaling Rs 5,94,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Khanabagh 4th lane?

The Sub Registrar Office that covers Khanabagh 4th lane 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 is a crucial factor when registering property transactions in Triplicane. It serves as a benchmark for determining the stamp duty and registration fees applicable on the property being bought or sold.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Khanabagh 4th lane?

The current guideline value of Khanabagh 4th 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 register shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision at Rs 6,600 per sq.ft.

What is the land classification for Khanabagh 4th lane?

Khanabagh 4th lane is classified as Residential Class I Type - I. This classification is important for understanding the zoning and usage regulations for the property.

Where can I find the Sub Registrar Office for Khanabagh 4th lane?

The Sub Registrar Office for Khanabagh 4th lane is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

How is stamp duty calculated for properties in Triplicane?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. This ensures that the correct amount of duty is paid during the registration process.