Guideline Value for Md. Abdullah 1st Lane & Street

Md. Abdullah 1st Lane & Street guideline value

The current guideline value of Md. Abdullah 1st Lane & Street is Rs 5,500 per sq.ft. This property is located in Triplicane village, under the Triplicane SRO, and is classified as Residential Class II Type - I.

How the guideline value of Md. Abdullah 1st Lane & Street has changed

Over the years, the guideline value for Md. Abdullah 1st Lane & Street has seen several revisions. The earliest recorded revision was in 2012, where the value was Rs 5,000 per sq.ft. This was followed by a decrease to Rs 3,350 per sq.ft in 2017. In 2023, the value increased to Rs 5,000 per sq.ft, and the most recent revision in 2024 set the value at Rs 5,500 per sq.ft. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it saw a significant increase of 49%. The value then rose by 10% from 2023 to 2024, resulting in an overall increase of 10% from 2012 to 2024.

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, placing Md. Abdullah 1st Lane & Street's 2024 figure below that median.

• Md. Abdulla 2nd Street: Rs 5,500 per sq.ft (2024)
• Md. Abdulla Street: Rs 5,500 per sq.ft (2024)
• Meeran Saheb Street: Rs 14,300 per sq.ft (2024)
• Massudhi Street / Small Massudhi (Mosque Street & Lane): Rs 6,600 per sq.ft (2024)
• Maroof Saheb Street: Rs 5,500 per sq.ft (2024)
• Maroof Saheb Lane: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Md. Abdullah 1st Lane & Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, while the registration fee at 2% would be Rs 1,10,000. Together, the total fees would be Rs 4,95,000. 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 accurate calculations based on your specific property details.

Which Sub Registrar Office covers Md. Abdullah 1st Lane & Street?

The Sub Registrar Office that covers Md. Abdullah 1st Lane & 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 an essential factor in the registration process when buying or selling property in Triplicane. It serves as a benchmark for determining the value of the property for stamp duty and registration fees.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Md. Abdullah 1st Lane & Street?

The current guideline value of Md. Abdullah 1st Lane & Street is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 5,000 per sq.ft in 2012 to Rs 3,350 per sq.ft in 2017, then to Rs 5,000 per sq.ft in 2023, and finally to Rs 5,500 per sq.ft in 2024.

What is the land classification for Md. Abdullah 1st Lane & Street?

Md. Abdullah 1st Lane & Street is classified as Residential Class II Type - I.

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 higher than the current value of Md. Abdullah 1st Lane & Street.

Where is the Triplicane Sub Registrar Office located?

The Triplicane Sub Registrar Office is located at No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai-600014.