Guideline Value for Rasool Omar Bahadur Street

Rasool Omar Bahadur Street guideline value

The current guideline value of Rasool Omar Bahadur Street is Rs 7,700 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 Mixed Type - II.

How the guideline value of Rasool Omar Bahadur Street has changed

In the 2007 revision, the guideline value was Rs 1,650 per sq.ft. This increased significantly to Rs 7,000 per sq.ft in the 2012 revision, marking a substantial rise of 324%. However, in the 2017 revision, the value decreased to Rs 4,690 per sq.ft, which was a drop of 33%. The most recent 2024 revision shows a guideline value of Rs 7,700 per sq.ft, reflecting an increase of 64% from the 2017 figure.

The register does not have figures for the years 2023, 2003, and 2002 for this street. Overall, from 2007 to 2024, the guideline value has increased by 367%.

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 the village is Rs 6,600 per sq.ft, making the 2024 figure for Rasool Omar Bahadur Street above this median.

• Rasool Omar Bahadur 7th 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 5th 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 3rd Lane (Street): Rs 6,600 per sq.ft (2024)
• Rasool Omar Bahadur 2nd Lane (Street): Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Rasool Omar Bahadur Street

For a 1,000 sq.ft plot at the current rate of Rs 7,700 per sq.ft, the guideline value amounts to Rs 77,00,000. The stamp duty at 7% would be Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, totaling Rs 6,93,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rasool Omar Bahadur Street?

The Sub Registrar Office that covers Rasool Omar Bahadur 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 property registration in Triplicane. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the official valuation of the property.

When buying or selling property, the guideline value helps in determining the minimum sale price for transactions. This ensures transparency and fairness in property dealings, as the guideline value reflects the government’s assessment of property worth in the area.

Frequently asked questions

What is the current guideline value of Rasool Omar Bahadur Street?

The current guideline value of Rasool Omar Bahadur Street is Rs 7,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, rising from Rs 1,650 per sq.ft in 2007 to Rs 7,700 per sq.ft in 2024, which is an overall increase of 367%.

What is the median guideline value in Triplicane?

The median guideline value for properties in Triplicane is Rs 6,600 per sq.ft, as per the 2024 figures.

What are the stamp duty rates for properties in Rasool Omar Bahadur Street?

The stamp duty rate for properties in Rasool Omar Bahadur Street is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Which office handles registrations for Rasool Omar Bahadur Street?

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