Guideline Value for Muktharunnissa Begum 4th lane

Muktharunnissa Begum 4th lane guideline value

The current guideline value for Muktharunnissa Begum 4th lane is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village and falls under the Triplicane SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Muktharunnissa Begum 4th lane has changed

The guideline value for Muktharunnissa Begum 4th lane has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 1,560 per sq.ft. This increased significantly to Rs 5,000 per sq.ft in 2012, marking a rise of 221%. However, in the 2017 revision, the value dropped to Rs 3,350 per sq.ft, a decrease of 33%. The 2023 revision saw a substantial increase to Rs 5,000 per sq.ft, followed by a further increase to Rs 5,500 per sq.ft in 2024, which is a 10% rise from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 253%. The register has no figures for the years 2002 and 2003 for this street.

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, with a median value of Rs 6,600 per sq.ft. Muktharunnissa Begum 4th lane's 2024 guideline value is below this median.

• Muktharunnissa Begum 3rd lane: Rs 5,500 per sq.ft (2024)
• Muktharunnissa Begum 5th lane: Rs 5,500 per sq.ft (2024)
• Muktharunnissa Begum 2nd lane: Rs 5,500 per sq.ft (2024)
• Muktharunnissa Begum 6th lane: Rs 5,500 per sq.ft (2024)
• Muktharunnissa 1st lane: Rs 5,500 per sq.ft (2024)
• Muktharunnissa Begum 7th lane: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Muktharunnissa Begum 4th lane

For a 1,000 sq.ft plot at the current rate of Rs 5,500 per sq.ft, the guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, totaling Rs 4,95,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Muktharunnissa Begum 4th lane?

The Muktharunnissa Begum 4th lane falls under 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 when registering property transactions in Triplicane. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that both buyers and sellers are aware of the official valuation of the property.

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 process helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value for Muktharunnissa Begum 4th lane?

The current guideline value for Muktharunnissa Begum 4th lane is Rs 5,500 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,560 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, marking an overall increase of 253% over the years.

What is the land classification for Muktharunnissa Begum 4th lane?

The land classification for Muktharunnissa Begum 4th lane is Residential Class II Type - I.

Where can I find the Triplicane Sub Registrar Office?

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

How is stamp duty calculated for properties in Muktharunnissa Begum 4th lane?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 3,85,000.