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Guideline Value

Corporate

Guideline Value for Rasool Omar Bahadur 2nd Lane (Street)

₹6600/sq.ft.

The guideline value for Rasool Omar Bahadur 2nd 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 ₹6000 /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 2nd Lane (street)

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Rasool Omar Bahadur 2nd Lane (Street) guideline value

The current guideline value of Rasool Omar Bahadur 2nd Lane (Street) is Rs 6,600 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 I Type - I.

How the guideline value of Rasool Omar Bahadur 2nd Lane (Street) has changed

Over the years, the guideline value for Rasool Omar Bahadur 2nd Lane (Street) has seen significant changes. In the 2007 revision, the guideline value was Rs 1,145 per sq.ft, which increased dramatically to Rs 6,000 per sq.ft in 2012, marking a rise of 424%. However, in the 2017 revision, the value decreased to Rs 4,020 per sq.ft, reflecting a drop of 33%. The most recent revision in 2024 has set the value at Rs 6,600 per sq.ft, representing a substantial increase of 64% from the 2017 figure. Notably, the register has no figures for the years 2023, 2003, and 2002 for this street.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 476%. This shows the fluctuations in the property values over the years, with the current value aligning with the median guideline value of Rs 6,600 per sq.ft for the 415 streets in Triplicane under the Triplicane SRO.

Guideline values in Triplicane

In Triplicane village, the guideline values range from Rs 2,700 to Rs 20,900 per sq.ft, with the median value being Rs 6,600 per sq.ft. Rasool Omar Bahadur 2nd Lane (Street) matches this median value.

Stamp duty and registration fee for property in Rasool Omar Bahadur 2nd 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 amounts to Rs 66,00,000. The stamp duty is charged at 7%, which totals Rs 4,62,000, and the registration fee is 2%, amounting to Rs 1,32,000. Together, the total cost for these fees is 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. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rasool Omar Bahadur 2nd Lane (Street)?

The Sub Registrar Office that covers Rasool Omar Bahadur 2nd 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 details.

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

The guideline value is a crucial factor when buying or selling property in Triplicane. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction process. Buyers and sellers should be aware that the guideline value may influence the final sale price, as it is used by the registration department to assess the applicable fees.

When registering a property, it is essential to consider the guideline value, as it ensures compliance with local regulations. The registration process will require the payment of stamp duty based on the guideline value or the sale price, whichever is higher, thus making it an important aspect of any property transaction in the area.

Frequently asked questions

What is the current guideline value for Rasool Omar Bahadur 2nd Lane (Street)?

The current guideline value for Rasool Omar Bahadur 2nd 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 significantly from Rs 1,145 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, marking an overall increase of 476%.

What is the land classification for Rasool Omar Bahadur 2nd Lane (Street)?

Rasool Omar Bahadur 2nd Lane (Street) is classified as Residential Class I Type - I.

Where is the Sub Registrar Office for this street located?

The Sub Registrar Office for Rasool Omar Bahadur 2nd Lane (Street) is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

What fees are associated with buying property in Rasool Omar Bahadur 2nd Lane (Street)?

When buying property, fees include stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur total fees of Rs 5,94,000.