Guideline Value for Muktharunnissa Street

Muktharunnissa Street guideline value

The current guideline value of Muktharunnissa Street is Rs 7,700 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 Mixed Type - II.

How the guideline value of Muktharunnissa Street has changed

The guideline value for Muktharunnissa Street has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 3,088 per sq.ft. This increased significantly to Rs 7,000 per sq.ft in 2012, marking a rise of 127%. However, in the 2017 revision, the value decreased to Rs 4,690 per sq.ft, reflecting a drop of 33%. The subsequent revision in 2023 brought it back up to Rs 7,000 per sq.ft, and finally, the current rate is Rs 7,700 per sq.ft as of 2024, which is a 10% increase from the previous year.

It is important to note that the register has no figures for Muktharunnissa Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 149%.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO that have 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, placing Muktharunnissa Street's 2024 figure above that median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value amounts to Rs 77,00,000. The stamp duty at 7% would be Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, bringing the total to Rs 6,93,000. It is important to 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 details.

Which Sub Registrar Office covers Muktharunnissa Street?

The Muktharunnissa Street is covered by 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 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 that need to be paid during the transaction.

When a property is registered, the guideline value is used to assess the applicable charges. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the actual sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Muktharunnissa Street?

The current guideline value of Muktharunnissa Street is Rs 7,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,088 per sq.ft in 2007 to Rs 7,700 per sq.ft in 2024, reflecting an overall increase of 149% over this period.

What is the median guideline value in Triplicane?

The median guideline value in Triplicane is Rs 6,600 per sq.ft, which is below the current value of Muktharunnissa Street.

What are the stamp duty and registration fees for properties in Muktharunnissa Street?

For a property valued at Rs 77,00,000, the stamp duty would be Rs 5,39,000 and the registration fee would be Rs 1,54,000, totaling Rs 6,93,000.

Where can I find the Sub Registrar Office for Muktharunnissa Street?

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