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Guideline Value

Corporate

Guideline Value for Rasool Omar Bahadur 7th Lane (Street)

₹6600/sq.ft.

The guideline value for Rasool Omar Bahadur 7th Lane (street) in Triplicane village (Triplicane SRO, Chennai zone) is Rs 6600 per sq.ft, effective 1 July 2024. It was Rs 6000 per sq.ft from 1 April 2023, a 10% change. 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 ₹6000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
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 7th Lane (street)

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Rasool Omar Bahadur 7th Lane (Street) guideline value

The current guideline value of Rasool Omar Bahadur 7th 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 falls under the Residential Class I Type - I land classification.

How the guideline value of Rasool Omar Bahadur 7th Lane (Street) has changed

Over the years, the guideline value of Rasool Omar Bahadur 7th Lane (Street) has seen significant changes. The earliest recorded revision in 2007 set the value at Rs 1,145 per sq.ft. This figure rose dramatically to Rs 6,000 per sq.ft in 2012, marking an increase of 424%. The value remained unchanged at Rs 6,000 per sq.ft until the 2023 revision, which increased it to Rs 6,600 per sq.ft, a rise of 10%.

From the 2007 revision to the current 2024 figure, the overall increase is 476%. Notably, there are no recorded figures for this street in the revisions of 2002, 2003, and 2017.

Guideline values in Triplicane

In Triplicane, there are a total of 415 streets under the Triplicane SRO, with guideline values ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median guideline value is Rs 6,600 per sq.ft, which is equal to the current value for Rasool Omar Bahadur 7th Lane (Street).

Stamp duty and registration fee for property in Rasool Omar Bahadur 7th 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 fees together to Rs 5,94,000. Please 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 7th Lane (Street)?

The Sub Registrar Office that covers Rasool Omar Bahadur 7th 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 critical factor during the registration of property transactions in Triplicane. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency in the buying and selling process.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price, which helps in maintaining fair practices in real estate transactions.

Frequently asked questions

What is the current guideline value of Rasool Omar Bahadur 7th Lane (Street)?

The current guideline value of Rasool Omar Bahadur 7th Lane (Street) is Rs 6,600 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2007 revision, 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 are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 66,00,000, the stamp duty would be Rs 4,62,000, and the registration fee would be Rs 1,32,000, totaling Rs 5,94,000.

Which Sub Registrar Office handles registrations for this street?

The Triplicane Sub Registrar Office handles registrations for Rasool Omar Bahadur 7th Lane (Street), located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

Are there other streets in Triplicane with similar guideline values?

Yes, there are other streets in Triplicane with a guideline value of Rs 6,600 per sq.ft, including Rasool Omar Bahadur 6th Lane, 5th Lane, 4th Lane, and 3rd Lane.