Guideline Value for Raja Hanumantha Lala St

Raja Hanumantha Lala St guideline value

The current guideline value of Raja Hanumantha Lala St is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village under the Triplicane SRO, classified as Residential Class I Type - I.

How the guideline value of Raja Hanumantha Lala St has changed

The guideline value for Raja Hanumantha Lala St has seen several revisions over the years. The earliest recorded revision was in 2007, setting the value at Rs 1,000 per sq.ft. This figure increased significantly to Rs 6,000 per sq.ft in 2012, marking a 500% rise. However, the value then decreased to Rs 4,020 per sq.ft in 2017, reflecting a 33% drop. The subsequent revision in 2023 raised it to Rs 6,000 per sq.ft, and the current revision in 2024 has set the guideline value at Rs 6,600 per sq.ft, which is a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 560%.

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. The guideline value for Raja Hanumantha Lala St matches this median.

• Raja Hanumantha Lala Lane: Rs 6,600 per sq.ft (2024)
• Raja Hanumantharayan Lala St: Rs 6,600 per sq.ft (2024)
• Raja Gopal Street: Rs 5,500 per sq.ft (2024)
• Quaide-Millath Salai (Triplicane High Road): Rs 14,300 per sq.ft (2024)
• Pycrofts 2nd Lane & Street: Rs 7,700 per sq.ft (2024)
• Pycrofts 1st Lane & Street: Rs 7,700 per sq.ft (2024)

Stamp duty and registration fee for property in Raja Hanumantha Lala St

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, bringing the total fees together to Rs 5,94,000. 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 details.

Which Sub Registrar Office covers Raja Hanumantha Lala St?

The Sub Registrar Office that covers Raja Hanumantha Lala St is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrofts Road), Royapettah, Chennai-600014. For more information, 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 that need to be paid at the time of property registration.

When a property is sold, the sale price is compared to the guideline value, and the higher amount is used to calculate the applicable duties and fees. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value of Raja Hanumantha Lala St?

The current guideline value of Raja Hanumantha Lala St 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 from Rs 1,000 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of 560% over the years.

What is the land classification for Raja Hanumantha Lala St?

Raja Hanumantha Lala St is classified as Residential Class I Type - I.

Where can I find the Triplicane Sub Registrar Office?

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

How is stamp duty calculated for properties in Triplicane?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, the stamp duty for a property valued at Rs 66,00,000 would be Rs 4,62,000 at a rate of 7%.