Guideline Value for Rasool Omar Bahadur 3rd Lane (Street)

Rasool Omar Bahadur 3rd Lane (Street) guideline value

The current guideline value of Rasool Omar Bahadur 3rd 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. The land classification for this area is Residential Class I Type - I.

How the guideline value of Rasool Omar Bahadur 3rd Lane (Street) has changed

Looking back at the revisions, the guideline value for Rasool Omar Bahadur 3rd Lane (Street) has seen significant changes over the years. In 2007, the guideline value was Rs 1,145 per sq.ft. This figure increased dramatically to Rs 6,000 per sq.ft in 2012, marking a rise of 424%. However, from 2012 to 2017, the value decreased to Rs 4,020 per sq.ft, which is a reduction of 33%. The most recent revision in 2024 has set the guideline value at Rs 6,600 per sq.ft, representing a substantial increase of 64% from the 2017 figure.

Overall, from 2007 to 2024, the guideline value has increased by 476%. It is important to note that there are no figures available for the years 2023, 2003, and 2002 in the register for this street.

Guideline values in Triplicane

In Triplicane, there are a total of 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 among these streets is Rs 6,600 per sq.ft, which is the same as the guideline value for Rasool Omar Bahadur 3rd Lane (Street).

• Rasool Omar Bahadur 2nd Lane (Street): Rs 6,600 per sq.ft (2024)
• Rasool Omar Bahadur 4th Lane (Street): Rs 6,600 per sq.ft (2024)
• Rasool Omar Bahadur 1st Lane (Street): Rs 6,600 per sq.ft (2024)
• Rasool Omar Bahadur 5th Lane (Street): Rs 6,600 per sq.ft (2024)
• Rasool Omar Bahadur 6th Lane (Street): Rs 6,600 per sq.ft (2024)
• Rasool Omar Bahadur 7th Lane (Street): Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Rasool Omar Bahadur 3rd 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, while the registration fee at 2% would be Rs 1,32,000. Together, the total cost for stamp duty and registration fee would be Rs 5,94,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rasool Omar Bahadur 3rd Lane (Street)?

The Sub Registrar Office that covers Rasool Omar Bahadur 3rd Lane (Street) is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can also find your SRO for additional assistance.

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

The guideline value plays a crucial role in property transactions in Triplicane. When you buy or sell a property, the guideline value is used to determine the stamp duty and registration fees that need to be paid at the time of registration. This ensures that the government receives the appropriate revenue based on the property's value.

It is essential for buyers and sellers to be aware of the current guideline value as it directly impacts the financial obligations involved in property transactions. Understanding these values can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Rasool Omar Bahadur 3rd Lane (Street)?

The current guideline value of Rasool Omar Bahadur 3rd 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, representing an overall increase of 476% over the years.

What was the guideline value in 2017?

In 2017, the guideline value for Rasool Omar Bahadur 3rd Lane (Street) was Rs 4,020 per sq.ft.

Are there any years with no guideline value figures for this street?

Yes, the register has no figures for Rasool Omar Bahadur 3rd Lane (Street) for the years 2023, 2003, and 2002.

Which Sub Registrar Office covers this street?

The Triplicane Sub Registrar Office covers Rasool Omar Bahadur 3rd Lane (Street), located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.