Guideline Value for Mahdi Hussain Khan Bahadur St

Mahdi Hussain Khan Bahadur St guideline value

The current guideline value of Mahdi Hussain Khan Bahadur St 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 Mahdi Hussain Khan Bahadur St has changed

The guideline value for Mahdi Hussain Khan Bahadur St has seen significant changes over the years. In 2002, the value was Rs 484 per sq.ft, which increased to Rs 531 per sq.ft in 2003, marking a change of +10%. The value rose substantially to Rs 945 per sq.ft in 2007, reflecting a change of +78%. By 2012, the value remained at Rs 6,000 per sq.ft, showing no change from the previous revision. The 2023 revision also recorded Rs 6,000 per sq.ft, with no figure available for the year 2017.

In 2024, the guideline value increased to Rs 6,600 per sq.ft, representing a change of +10% from the 2023 revision. Overall, from 2002 to 2024, the guideline value has increased by +1264%, highlighting the significant growth in value over the years.

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 value for these streets is Rs 6,600 per sq.ft, which is equal to the current guideline value of Mahdi Hussain Khan Bahadur St.

• Mallan Ponnappa Mudali Street: Rs 6,600 per sq.ft (2024)
• Manicka Maistry Street: Rs 6,600 per sq.ft (2024)
• Lodd Govindas Salai: Rs 6,600 per sq.ft (2024)
• Lock Nagar Huts (Dr. Navalar Nagar): Rs 2,700 per sq.ft (2024)
• Maroof Saheb Lane: Rs 5,500 per sq.ft (2024)
• Maroof Saheb Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Mahdi Hussain Khan Bahadur St

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 to Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more accurate calculations based on your property details.

Which Sub Registrar Office covers Mahdi Hussain Khan Bahadur St?

The Sub Registrar Office covering Mahdi Hussain Khan Bahadur St 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 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.

When a property is sold, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Mahdi Hussain Khan Bahadur St?

The current guideline value of Mahdi Hussain Khan Bahadur St 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 484 per sq.ft in 2002 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of +1264% over these years.

What is the stamp duty for property in Mahdi Hussain Khan Bahadur St?

The stamp duty for property in Mahdi Hussain Khan Bahadur St is calculated at 7% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a stamp duty of Rs 4,62,000 based on the current guideline value.

Where is the Sub Registrar Office for Mahdi Hussain Khan Bahadur St located?

The Sub Registrar Office for Mahdi Hussain Khan Bahadur St is located at No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai-600014.

What is the land classification for Mahdi Hussain Khan Bahadur St?

Mahdi Hussain Khan Bahadur St is classified as Residential Class I Type - I, indicating its designation for residential use within the Triplicane area.