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Guideline Value

Corporate

Guideline Value for Rasool Omar Bahadur 1st Lane (Street)

₹6600/sq.ft.

The guideline value for Rasool Omar Bahadur 1st Lane (street) in Triplicane village (Triplicane SRO, Chennai zone) is Rs 6600 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Triplicane

Village

Triplicane

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹6600 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹4020 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1145 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.182 Bharati Salai(pycrafts Road) Royapettah, Chennai-600014
044-28611761
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Rasool Omar Bahadur 1st Lane (street)

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Rasool Omar Bahadur 1st Lane (Street) guideline value

The current guideline value for Rasool Omar Bahadur 1st Lane (Street) is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village and falls under the Triplicane SRO, classified as Residential Class I Type - I.

How the guideline value of Rasool Omar Bahadur 1st Lane (Street) has changed

The guideline value for Rasool Omar Bahadur 1st Lane (Street) has seen several revisions over the years. In 2007, the guideline value was Rs 1,145 per sq.ft, which increased significantly to Rs 5,000 per sq.ft in 2012, marking a rise of 337%. However, from 2012 to 2017, the value decreased by 20%, bringing it down to Rs 4,020 per sq.ft. The most recent revision in 2024 set the value at Rs 6,600 per sq.ft, reflecting an increase of 64% from the 2017 figure. Overall, from 2007 to 2024, the guideline value has risen by 476%.

It is important to note that there are no figures available for the years 2023, 2003, and 2002 for this street in the register.

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 is Rs 6,600 per sq.ft, which is equal to the current guideline value of Rasool Omar Bahadur 1st Lane (Street).

Stamp duty and registration fee for property in Rasool Omar Bahadur 1st Lane (Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value would be Rs 66,00,000. The stamp duty at 7% would amount to Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, totaling Rs 5,94,000. 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 Rasool Omar Bahadur 1st Lane (Street)?

The Sub Registrar Office that covers Rasool Omar Bahadur 1st Lane (Street) is 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 during 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 registering a property, the stamp duty is calculated based on the higher amount between the guideline value and the sale price. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Rasool Omar Bahadur 1st Lane (Street)?

The current guideline value for Rasool Omar Bahadur 1st Lane (Street) 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 1,145 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of 476% over the years.

What is the classification of Rasool Omar Bahadur 1st Lane (Street)?

Rasool Omar Bahadur 1st Lane (Street) is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office covering Rasool Omar Bahadur 1st Lane (Street) is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

How is the stamp duty calculated for properties in this area?

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