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Guideline Value for Rasool Omar Bahadur 6th Lane (Street)

₹6600/sq.ft.

The guideline value for Rasool Omar Bahadur 6th 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 6th Lane (street)

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Rasool Omar Bahadur 6th Lane (Street) guideline value

The current guideline value of Rasool Omar Bahadur 6th 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 6th Lane (Street) has changed

The guideline value for Rasool Omar Bahadur 6th Lane (Street) has undergone several revisions since 2007. In 2007, the guideline value was Rs 1,145 per sq.ft, which increased significantly 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, reflecting a drop 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.

It is important to note that 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 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 6th Lane (Street).

Stamp duty and registration fee for property in Rasool Omar Bahadur 6th 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. Therefore, the total cost for stamp duty and registration fees would be 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 also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Rasool Omar Bahadur 6th Lane (Street)?

The Sub Registrar Office that covers Rasool Omar Bahadur 6th 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 in property transactions in Triplicane. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. This ensures that both the buyer and seller have a clear understanding of the financial obligations involved in the transfer of property ownership.

During the registration process, the guideline value helps in assessing the official value of the property. It acts as a benchmark for calculating the necessary fees and taxes, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Rasool Omar Bahadur 6th Lane (Street)?

The current guideline value of Rasool Omar Bahadur 6th Lane (Street) is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 1,145 per sq.ft to Rs 6,600 per sq.ft in 2024, marking an overall increase of 476%.

What is the land classification for Rasool Omar Bahadur 6th Lane (Street)?

The land classification for Rasool Omar Bahadur 6th Lane (Street) is Residential Class I Type - I.

Which Sub Registrar Office covers this street?

The Triplicane Sub Registrar Office covers Rasool Omar Bahadur 6th 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 of the property. 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%.