Guideline Value for Kidabath Khan Street

Kidabath Khan Street guideline value

The current guideline value of Kidabath Khan Street 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 Kidabath Khan Street has changed

The guideline value for Kidabath Khan Street has undergone several revisions over the years. The earliest recorded revision was in 2007, with a value of Rs 945 per sq.ft. This increased significantly to Rs 6,000 per sq.ft in 2012, marking a remarkable rise of 535%. However, the value then decreased to Rs 4,020 per sq.ft in 2017, reflecting a drop of 33%. The subsequent revision in 2023 saw an increase to Rs 6,000 per sq.ft, followed by another increase to Rs 6,600 per sq.ft in 2024, which is a 10% rise from the previous year.

There are no figures recorded for Kidabath Khan Street in the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 598%.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO that carry a guideline value for 2024, ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median value is Rs 6,600 per sq.ft, which is equal to the guideline value of Kidabath Khan Street.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total 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, bringing the total fees together to Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Kidabath Khan Street?

The Sub Registrar Office that covers Kidabath Khan Street 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 critical factor in the registration process when buying or selling property in Triplicane. It serves as a benchmark for calculating the stamp duty and registration fees that are applicable during the transaction.

When a property is sold, the guideline value ensures that the government receives the appropriate revenue from the transaction. Buyers and sellers must be aware of the guideline value to understand the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value of Kidabath Khan Street?

The current guideline value of Kidabath Khan Street 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 significantly, from Rs 945 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of 598% over this period.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 66,00,000, the stamp duty would be Rs 4,62,000, and the registration fee would be Rs 1,32,000, totaling Rs 5,94,000.

Which office handles the registration for Kidabath Khan Street?

The Triplicane Sub Registrar Office handles the registration for Kidabath Khan Street, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

What is the land classification of Kidabath Khan Street?

Kidabath Khan Street is classified as Residential Class I Type - I, which is important for determining the applicable guideline value.