Guideline Value for Khanabagh Street

Khanabagh Street guideline value

The current guideline value of Khanabagh Street is Rs 7,700 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village, under the Triplicane Sub Registrar Office (SRO). The land classification for this area is Mixed Type - II.

How the guideline value of Khanabagh Street has changed

Over the years, the guideline value of Khanabagh Street has seen significant changes. In 2007, the guideline value was Rs 1,560 per sq.ft. This increased to Rs 7,000 per sq.ft in 2012, marking a rise of 349%. However, it then decreased to Rs 4,690 per sq.ft in 2017, a decline of 33%. The value rose again to Rs 7,000 per sq.ft in 2023, and subsequently increased to Rs 7,700 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, the increase was substantial, with a rise of 49%. Overall, from 2007 to 2024, the guideline value has increased by 394%. The register does not provide figures for the years 2002 and 2003 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. The median guideline value is Rs 6,600 per sq.ft, placing Khanabagh Street's 2024 figure above this median.

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

Stamp duty and registration fee for property in Khanabagh Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value amounts to Rs 77,00,000. The stamp duty, charged at 7%, would be Rs 5,39,000, while the registration fee at 2% would be Rs 1,54,000. Together, the total cost for these fees would be Rs 6,93,000. 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 Khanabagh Street?

Khanabagh Street falls under the jurisdiction of the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical component in the registration process when buying or selling property in Triplicane. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that these costs are calculated based on the official value assigned to the property.

When a property is registered, the guideline value is used to assess the fees, which are calculated as a percentage of this value or the sale price, whichever is higher. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value of Khanabagh Street?

The current guideline value of Khanabagh Street is Rs 7,700 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 1,560 per sq.ft in 2007 to Rs 7,700 per sq.ft in 2024, reflecting an overall increase of 394% over this period.

What is the median guideline value for streets in Triplicane?

The median guideline value for streets in Triplicane is Rs 6,600 per sq.ft, which is below the current value of Khanabagh Street.

What are the stamp duty and registration fees for property in Khanabagh Street?

For a property with a guideline value of Rs 77,00,000, the stamp duty would be Rs 5,39,000 and the registration fee would be Rs 1,54,000, totaling Rs 6,93,000.

Which office handles property registrations for Khanabagh Street?

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