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Guideline Value

Corporate

Guideline Value for Rasool Omar Bahadur 5th Lane (Street)

₹6600/sq.ft.

The guideline value for Rasool Omar Bahadur 5th 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 5th Lane (street)

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Rasool Omar Bahadur 5th Lane (Street) guideline value

The current guideline value of Rasool Omar Bahadur 5th 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 5th Lane (Street) has changed

Over the years, the guideline value of Rasool Omar Bahadur 5th 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, this value decreased to Rs 4,020 per sq.ft in 2017, a decline of 33%. The most recent revision in 2024 saw the guideline value increase to Rs 6,600 per sq.ft, representing a 64% increase from the 2017 figure.

The register has no figure for the years 2023, 2003, and 2002 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 that carry 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 2024 figure for Rasool Omar Bahadur 5th Lane (Street).

Stamp duty and registration fee for property in Rasool Omar Bahadur 5th 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, bringing the total cost for these fees 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 the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Rasool Omar Bahadur 5th Lane (Street)?

The Sub Registrar Office that covers Rasool Omar Bahadur 5th 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 in property transactions in Triplicane, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall cost of the transaction. This value is periodically revised to reflect changes in the real estate market and local conditions.

Frequently asked questions

What is the current guideline value of Rasool Omar Bahadur 5th Lane (Street)?

The current guideline value of Rasool Omar Bahadur 5th 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, reflecting an overall increase of 476% over the years.

What is the land classification for this street?

Rasool Omar Bahadur 5th Lane (Street) is classified as Residential Class I Type - I.

Which Sub Registrar Office handles transactions for this street?

The Triplicane Sub Registrar Office handles transactions for Rasool Omar Bahadur 5th Lane (Street), 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, a property with a guideline value of Rs 66,00,000 would incur a stamp duty of Rs 4,62,000 at a rate of 7%.