Guideline Value for Unnis Ali 2nd Lane

Unnis Ali 2nd Lane guideline value

The current guideline value of Unnis Ali 2nd Lane is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village, under the Triplicane SRO, and is classified as Residential Class I Type - I.

How the guideline value of Unnis Ali 2nd Lane has changed

The guideline value for Unnis Ali 2nd Lane has seen several revisions over the years. Starting from Rs 603 per sq.ft in 2002, it increased to Rs 662 per sq.ft in 2003, marking a 10% rise. The value then rose significantly to Rs 1,145 per sq.ft in 2007, which was a 73% increase. Following this, the value surged to Rs 6,000 per sq.ft in 2012, reflecting a substantial 424% change. However, it dropped to Rs 4,020 per sq.ft in 2017, indicating a decrease of 33%. The value then increased to Rs 6,000 per sq.ft in 2023, a 49% rise, and finally reached Rs 6,600 per sq.ft in 2024, which is a 10% increase.

There are no figures available for the revisions in years other than those mentioned above. 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, with 2024 guideline values ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median value is Rs 6,600 per sq.ft, which is equal to the guideline value of Unnis Ali 2nd Lane.

• Unnis Ali 1st 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 2nd 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, totaling Rs 5,94,000. 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 more details.

Which Sub Registrar Office covers Unnis Ali 2nd Lane?

The Sub Registrar Office that covers Unnis Ali 2nd 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 information.

How the guideline value is used when you buy or sell in Triplicane

The guideline value is an essential factor when registering property transactions in Triplicane. It is used to determine the stamp duty and registration fees applicable to the property, ensuring that the correct amounts are paid during the registration process.

Frequently asked questions

What is the current guideline value of Unnis Ali 2nd Lane?

The current guideline value of Unnis Ali 2nd 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 changed significantly from Rs 603 per sq.ft in 2002 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of 995% over this period.

What is the land classification for Unnis Ali 2nd Lane?

The land classification for Unnis Ali 2nd Lane is Residential Class I Type - I, indicating its designated use for residential purposes.

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.

Where is the Sub Registrar Office for Unnis Ali 2nd Lane located?

The Sub Registrar Office for Unnis Ali 2nd Lane is located at No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai-600014.