Guideline Value for Muktharunnissa Begum 6th lane

Muktharunnissa Begum 6th lane guideline value

The current guideline value of Muktharunnissa Begum 6th 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 6th lane has changed

Over the years, the guideline value for Muktharunnissa Begum 6th lane has seen several revisions. The earliest recorded figure is from 2007, when it 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 2017, the value dropped to Rs 3,350 per sq.ft, reflecting a decrease of 33%. The latest revision in 2024 has brought the guideline value back up to Rs 5,500 per sq.ft, representing an increase of 64% from the 2017 figure.

There are no recorded figures for the years 2023, 2003, and 2002 for this street. 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 that carry a 2024 guideline value, 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, placing the guideline value of Muktharunnissa Begum 6th lane below this median.

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

Stamp duty and registration fee for property in Muktharunnissa Begum 6th lane

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value amounts to Rs 55,00,000. The stamp duty, charged at 7%, would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total fees together to Rs 4,95,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more specific calculations.

Which Sub Registrar Office covers Muktharunnissa Begum 6th lane?

The Muktharunnissa Begum 6th lane falls under the jurisdiction of the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. To find your SRO, you can visit this link.

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

The guideline value plays a crucial role during the registration of property transactions in Triplicane. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the local registry.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the costs involved in the transaction, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Muktharunnissa Begum 6th lane?

The current guideline value of Muktharunnissa Begum 6th 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 over the years, from Rs 1,560 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, which is an overall increase of 253%.

What are the other streets in Triplicane with the same guideline value?

Other streets in Triplicane, such as Muktharunnissa Begum 5th lane, 7th lane, 4th lane, 3rd lane, and 2nd lane, all have the same guideline value of Rs 5,500 per sq.ft for 2024.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions in this area is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Muktharunnissa Begum 6th lane?

The Sub Registrar Office covering Muktharunnissa Begum 6th lane is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.