Guideline Value for Mohammed hussain 1st Lane

Mohammed hussain 1st Lane guideline value

The current guideline value of Mohammed hussain 1st Lane 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 Mohammed hussain 1st Lane has changed

The guideline value for Mohammed hussain 1st Lane has seen several revisions over the years. In 2002, the guideline value was Rs 551 per sq.ft. This increased to Rs 605 per sq.ft in 2003, marking a 10% rise. The value continued to rise significantly, reaching Rs 945 per sq.ft in 2007, which was a 56% increase from the previous year. However, in 2012, the value dropped to Rs 6,000 per sq.ft, reflecting a decrease of 33% from 2017's value of Rs 4,020 per sq.ft.

In 2023, the guideline value was Rs 6,000 per sq.ft, which increased to Rs 6,600 per sq.ft in 2024, representing a 10% rise. Overall, from 2002 to 2024, the guideline value has increased by 1098%.

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, which is the same as the current value for Mohammed hussain 1st Lane.

• Mohammed Hussain Street: 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 1st Lane

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. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Mohammed hussain 1st Lane?

The Sub Registrar Office that covers Mohammed hussain 1st Lane is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more details.

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 registered, the authorities will assess the guideline value to calculate the applicable duties. Buyers should be aware that the stamp duty is charged on either the guideline value or the sale price, whichever is higher, ensuring that the correct amount is paid during the registration process.

Frequently asked questions

What is the current guideline value of Mohammed hussain 1st Lane?

The current guideline value of Mohammed hussain 1st Lane 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 551 per sq.ft in 2002 to Rs 6,600 per sq.ft in 2024, showing an overall increase of 1098%.

What is the land classification for Mohammed hussain 1st Lane?

Mohammed hussain 1st Lane is classified as Residential Class I Type - I.

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.

How is the stamp duty calculated for property in Mohammed hussain 1st Lane?

The stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total guideline value would be Rs 66,00,000, resulting in a stamp duty of Rs 4,62,000.