Guideline Value for Mohammed Hussain Street

Mohammed Hussain Street guideline value

The current guideline value for Mohammed Hussain Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village and falls under the Triplicane SRO with a land classification of Residential Class I Type - I.

How the guideline value of Mohammed Hussain Street has changed

The guideline value for Mohammed Hussain Street has seen several revisions over the years. In the 2007 revision, the value was Rs 1,145 per sq.ft, which significantly increased to Rs 6,000 per sq.ft in the 2012 revision. However, this figure decreased to Rs 4,020 per sq.ft in the 2017 revision. Following this, the value rose to Rs 6,000 per sq.ft in the 2023 revision, and finally, it reached Rs 6,600 per sq.ft in the 2024 revision. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Between the revisions, the changes were quite notable. From 2007 to 2012, there was a remarkable increase of 424%. However, the value decreased by 33% from 2012 to 2017. Subsequently, there was a significant increase of 49% from 2017 to 2023, and from 2023 to 2024, the guideline value saw a rise of 10%. Overall, from 2007 to 2024, the guideline value has increased by 476%.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO, with guideline values 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 the same as the current value for Mohammed Hussain Street.

• Mohammed hussain 1st Lane: Rs 6,600 per sq.ft (2024)
• Mohan Doss Lane: Rs 6,600 per sq.ft (2024)
• Mohan Doss Salai: Rs 6,600 per sq.ft (2024)
• Miyan Saheb Street: Rs 6,600 per sq.ft (2024)
• Miyan Saheb 2nd Street: Rs 6,600 per sq.ft (2024)
• Miyan Saheb 1st Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Mohammed Hussain Street

For a 1,000 sq.ft plot at the current rate of Rs 6,600 per sq.ft, the guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, totaling Rs 5,94,000. It is important to note that 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 further calculations.

Which Sub Registrar Office covers Mohammed Hussain Street?

The Sub Registrar Office that covers Mohammed Hussain 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 crucial during the registration process when buying or selling property in Triplicane. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable fees, ensuring that the transaction reflects the current market conditions as per the official register.

Frequently asked questions

What is the current guideline value of Mohammed Hussain Street?

The current guideline value of Mohammed Hussain 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 1,145 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of 476% over this period.

What is the land classification for Mohammed Hussain Street?

Mohammed Hussain Street is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for properties in this area?

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.

Where can I find the Sub Registrar Office for Mohammed Hussain Street?

The Sub Registrar Office for Mohammed Hussain Street is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.