Guideline Value for Unnis Ali Street

Unnis Ali Street guideline value

The current guideline value of Unnis Ali Street 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. The land classification for this area is Residential Class I Type - I.

How the guideline value of Unnis Ali Street has changed

The guideline value for Unnis Ali Street has seen 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. The value then experienced a significant jump to Rs 1,145 per sq.ft in 2007, reflecting a 73% increase. Following this, the value surged to Rs 6,000 per sq.ft in 2012, a remarkable 424% increase. However, it dropped to Rs 4,020 per sq.ft in 2017, indicating a decrease of 33%. The value then rose again to Rs 6,000 per sq.ft in 2023, before reaching the current rate of Rs 6,600 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 995%. There are no figures available for the revisions in years other than those listed.

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 is Rs 6,600 per sq.ft, which is the same as the current value for Unnis Ali Street.

• Unnis Ali 2nd Lane: Rs 6,600 per sq.ft (2024)
• Unnis Ali 1st Lane: 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 Street

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 amount to Rs 4,62,000, while the registration fee at 2% would be Rs 1,32,000. Together, the total cost would be Rs 5,94,000. It is important to 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 Unnis Ali Street?

The Sub Registrar Office that covers Unnis Ali 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 crucial factor in the registration process when buying or selling property in Triplicane. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the higher value between the guideline value and the sale price is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Unnis Ali Street?

The current guideline value of Unnis Ali Street 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 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 stamp duty rate for property in Unnis Ali Street?

The stamp duty rate for property in Unnis Ali Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office located for Unnis Ali Street?

The Sub Registrar Office for Unnis Ali Street is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

What are the guideline values for other streets in Triplicane?

Other streets in Triplicane have varying guideline values, with rates ranging from Rs 2,700 to Rs 20,900 per sq.ft. For example, Unnis Ali 1st Lane and Unnis Ali 2nd Lane also have a guideline value of Rs 6,600 per sq.ft in 2024.