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Guideline Value

Corporate

Guideline Value for Rasool Omar Bahadur 4th Lane (Street)

₹6600/sq.ft.

The guideline value for Rasool Omar Bahadur 4th 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 4th Lane (street)

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Rasool Omar Bahadur 4th Lane (Street) guideline value

The current guideline value of Rasool Omar Bahadur 4th 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, classified as Residential Class I Type - I.

How the guideline value of Rasool Omar Bahadur 4th Lane (Street) has changed

Since the 2007 revision, the guideline value has seen significant changes. In 2007, 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, from 2012 to 2017, the value decreased to Rs 4,020 per sq.ft, a drop of 33%. The most recent revision in 2024 shows a substantial increase to Rs 6,600 per sq.ft, which is a rise of 64% from the 2017 figure.

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

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO with a 2024 guideline value ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median guideline value for these streets is Rs 6,600 per sq.ft, which is equal to the current value of Rasool Omar Bahadur 4th Lane (Street).

Stamp duty and registration fee for property in Rasool Omar Bahadur 4th 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 at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, together totaling Rs 5,94,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rasool Omar Bahadur 4th Lane (Street)?

The Sub Registrar Office that covers Rasool Omar Bahadur 4th 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 is a crucial factor during the registration process when buying or selling property in Triplicane. It serves as the basis for calculating the stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When a property is registered, the transaction must reflect either the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions based on established values.

Frequently asked questions

What is the current guideline value of Rasool Omar Bahadur 4th Lane (Street)?

The current guideline value of Rasool Omar Bahadur 4th 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% over the years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at 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, totaling Rs 5,94,000.

Which office handles property registration for Rasool Omar Bahadur 4th Lane (Street)?

The Triplicane Sub Registrar Office handles property registration for Rasool Omar Bahadur 4th Lane (Street), located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

Are there other streets in Triplicane with the same guideline value?

Yes, several other streets in Triplicane also have the same guideline value of Rs 6,600 per sq.ft for 2024, including Rasool Omar Bahadur 1st Lane, 2nd Lane, 3rd Lane, 5th Lane, 6th Lane, and 7th Lane.