Guideline Value for Takkuddin Khan Street

Takkuddin Khan Street guideline value

The current guideline value of Takkuddin Khan Street is Rs 7,700 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village, under the Triplicane SRO, and is classified as Mixed Type - II land.

How the guideline value of Takkuddin Khan Street has changed

The guideline value for Takkuddin Khan Street has seen significant changes over the years. In the 2007 revision, the value was Rs 1,560 per sq.ft, which increased dramatically to Rs 7,000 per sq.ft in the 2012 revision, marking a 349% increase. However, in the 2017 revision, the value dropped to Rs 4,690 per sq.ft, a decrease of 33%. The value then rose again to Rs 7,000 per sq.ft in the 2023 revision, followed by a further increase to Rs 7,700 per sq.ft in the 2024 revision, reflecting a 10% rise.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 394%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

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 value is Rs 6,600 per sq.ft, placing Takkuddin Khan Street's 2024 figure above this median.

• Tajuddin Khan Street: Rs 7,700 per sq.ft (2024)
• Syed Noor Street: Rs 5,500 per sq.ft (2024)
• Syed Abdullah Street: Rs 5,500 per sq.ft (2024)
• Sydoji Street: Rs 6,600 per sq.ft (2024)
• Sydoji South Street: Rs 6,600 per sq.ft (2024)
• Sydoji Lane: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Takkuddin Khan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value would be Rs 77,00,000. The stamp duty at 7% would amount to Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, bringing the total to Rs 6,93,000. 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 Takkuddin Khan Street?

The Sub Registrar Office that covers Takkuddin Khan 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 key factor during the registration of property transactions in Triplicane. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the fees are calculated based on the official rates set by the government.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property can be registered. This ensures transparency and helps in avoiding disputes related to property valuations.

Frequently asked questions

What is the current guideline value of Takkuddin Khan Street?

The current guideline value of Takkuddin Khan 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 from Rs 1,560 per sq.ft in 2007 to Rs 7,700 per sq.ft in 2024, reflecting an overall increase of 394% over the years.

What are the stamp duty and registration fees for properties on Takkuddin Khan Street?

For a property valued at Rs 77,00,000, the stamp duty would be Rs 5,39,000 and the registration fee would be Rs 1,54,000, totaling Rs 6,93,000.

Which Sub Registrar Office covers Takkuddin Khan Street?

The Triplicane Sub Registrar Office covers Takkuddin Khan Street, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

What is the land classification of Takkuddin Khan Street?

Takkuddin Khan Street is classified as Mixed Type - II land, which indicates a blend of residential and commercial uses.