Guideline Value for Muktharunnissa Begum 5th lane

Muktharunnissa Begum 5th lane guideline value

The current guideline value for Muktharunnissa Begum 5th lane is Rs 5,500 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 II Type - I.

How the guideline value of Muktharunnissa Begum 5th lane has changed

The guideline value for Muktharunnissa Begum 5th lane has seen several revisions over the years. The earliest recorded figure is from 2007, which 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, the value then decreased to Rs 3,350 per sq.ft in 2017, a decline of 33%. The value then rose again to Rs 5,000 per sq.ft in 2023, followed by a further increase to the current rate of Rs 5,500 per sq.ft in 2024, reflecting a 10% increase from the previous year.

There are no recorded figures for Muktharunnissa Begum 5th lane in the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 253%.

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 value for these streets is Rs 6,600 per sq.ft, indicating that the 2024 figure for Muktharunnissa Begum 5th lane is below this median.

• Muktharunnissa Begum 4th lane: Rs 5,500 per sq.ft (2024)
• Muktharunnissa Begum 6th lane: Rs 5,500 per sq.ft (2024)
• Muktharunnissa Begum 3rd lane: Rs 5,500 per sq.ft (2024)
• Muktharunnissa Begum 7th lane: Rs 5,500 per sq.ft (2024)
• Muktharunnissa Begum 2nd lane: Rs 5,500 per sq.ft (2024)
• Muktharunnissa Street: Rs 7,700 per sq.ft (2024)

Stamp duty and registration fee for property in Muktharunnissa Begum 5th lane

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, and the registration fee at 2% would be Rs 1,10,000, leading to a total of 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 our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Muktharunnissa Begum 5th lane?

The Sub Registrar Office that covers Muktharunnissa Begum 5th lane is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. For more details, you can find your SRO.

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

The guideline value plays a crucial role in 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 buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives a fair share of revenue from property transactions.

Frequently asked questions

What is the current guideline value of Muktharunnissa Begum 5th lane?

The current guideline value of Muktharunnissa Begum 5th lane 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 significantly from Rs 1,560 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, with various increases and decreases in between.

What is the land classification for Muktharunnissa Begum 5th lane?

Muktharunnissa Begum 5th lane is classified as 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 the stamp duty calculated for properties in Muktharunnissa Begum 5th lane?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000 at a rate of 7%.