Guideline Value for Mufthi Ameerullah Saheb Street

Mufthi Ameerullah Saheb Street guideline value

The current guideline value for Mufthi Ameerullah Saheb 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 Mufthi Ameerullah Saheb Street has changed

The guideline value for Mufthi Ameerullah Saheb Street has undergone several revisions over the years. In 2007, the value was Rs 945 per sq.ft, which increased significantly to Rs 6,000 per sq.ft in 2012. However, it then decreased to Rs 4,020 per sq.ft in 2017. The value saw a substantial rise to Rs 6,000 per sq.ft in 2023, before reaching the current figure of Rs 6,600 per sq.ft in 2024. The revisions for the years 2002 and 2003 have no figures recorded for this street.

Between the revisions, there have been notable changes. The increase from 2017 to 2023 was 49%, while the decrease from 2012 to 2017 was 33%. The most significant change occurred from 2007 to 2012, with an increase of 535%. 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 2024 guideline value, ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median guideline value in this area is Rs 6,600 per sq.ft, which is equal to the current guideline value of Mufthi Ameerullah Saheb Street.

• Muktharunnissa 1st lane: Rs 5,500 per sq.ft (2024)
• Muktharunnissa Begum 2nd lane: Rs 5,500 per sq.ft (2024)
• Muktharunnissa Begum 3rd lane: Rs 5,500 per sq.ft (2024)
• Muktharunnissa Begum 4th lane: Rs 5,500 per sq.ft (2024)
• Muktharunnissa Begum 5th lane: Rs 5,500 per sq.ft (2024)
• Muktharunnissa Begum 6th lane: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Mufthi Ameerullah Saheb Street

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

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

Which Sub Registrar Office covers Mufthi Ameerullah Saheb Street?

The Sub Registrar Office that covers Mufthi Ameerullah Saheb 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 details.

How the guideline value is used when you buy or sell in Triplicane

The guideline value is a crucial factor in property transactions in Triplicane. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area. This value serves as a benchmark for the government to assess property transactions and ensure appropriate tax collection.

When registering a property, buyers must be aware that the guideline value will be considered for calculating the stamp duty and registration fees. This ensures that the fees reflect the property's value as per the government's records, providing a standardized approach to property transactions.

Frequently asked questions

What is the current guideline value of Mufthi Ameerullah Saheb Street?

The current guideline value of Mufthi Ameerullah Saheb 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 a total increase of 598% over this period.

What is the land classification of Mufthi Ameerullah Saheb Street?

Mufthi Ameerullah Saheb Street is classified as Residential Class I Type - I, indicating its designation for residential use.

What are the stamp duty and registration fees for properties on this street?

The stamp duty for a property valued at Rs 66,00,000 would be Rs 4,62,000, while the registration fee would be Rs 1,32,000, totaling Rs 5,94,000 for a 1,000 sq.ft plot.

Which office handles the registration for Mufthi Ameerullah Saheb Street?

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