Guideline Value for Unnis Ali 1st Lane

Unnis Ali 1st Lane guideline value

The current guideline value of Unnis Ali 1st Lane 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 with a land classification of Residential Class I Type - I.

How the guideline value of Unnis Ali 1st Lane has changed

The guideline value for Unnis Ali 1st Lane has undergone several revisions over the years. In 2002, the value was Rs 603 per sq.ft, which increased to Rs 662 per sq.ft in 2003, marking a 10% rise. By 2007, the value surged to Rs 1,145 per sq.ft, reflecting a significant increase of 73%. The value then jumped to Rs 6,000 per sq.ft in 2012, an impressive 424% increase. However, in 2017, the value decreased to Rs 4,020 per sq.ft, a drop of 33%. The most recent revision in 2024 has set the guideline value at Rs 6,600 per sq.ft, a 64% increase from 2017.

It is important to note that there is no figure available for the year 2023 for this street. Overall, from 2002 to 2024, the guideline value has increased by 995%.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO that carry a 2024 figure, ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median value for these streets is Rs 6,600 per sq.ft, which is the same as the guideline value for Unnis Ali 1st Lane.

• Unnis Ali 2nd Lane: Rs 6,600 per sq.ft (2024)
• Unnis Ali Street: Rs 6,600 per sq.ft (2024)
• Usman Khan Street: Rs 5,500 per sq.ft (2024)
• Ulagappan Street: Rs 6,600 per sq.ft (2024)
• Vallabha Agraharam Street: Rs 7,700 per sq.ft (2024)
• Towlath Khan Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Unnis Ali 1st Lane

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 be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, leading to a total of Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Unnis Ali 1st Lane?

The Sub Registrar Office that covers Unnis Ali 1st Lane 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 crucial factor during the registration of property transactions in Triplicane. It serves as a benchmark for calculating stamp duty and registration fees, which are mandatory for any property sale or purchase.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two values is used to determine the applicable duties. This ensures that the government receives the correct amount of revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Unnis Ali 1st Lane?

The current guideline value of Unnis Ali 1st Lane 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 seen significant changes from Rs 603 per sq.ft in 2002 to Rs 6,600 per sq.ft in 2024, marking an overall increase of 995%.

What is the registration office for Unnis Ali 1st Lane?

The registration office for Unnis Ali 1st Lane is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

What are the stamp duty and registration fees for property in Unnis Ali 1st Lane?

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.

Are there other streets with the same guideline value in Triplicane?

Yes, other streets in Triplicane, such as Unnis Ali 2nd Lane and Unnis Ali Street, also have a guideline value of Rs 6,600 per sq.ft in 2024.