Guideline Value for Whites Lane

Whites Lane guideline value

The current guideline value of Whites Lane is Rs 13,200 per sq.ft, effective from the 2024 revision. This street is located in Triplicane village, under the Triplicane SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Whites Lane has changed

The guideline value for Whites Lane has seen significant changes over the years. In 2002, the value was Rs 1,720 per sq.ft, which increased to Rs 1,887 per sq.ft in 2003, marking a 10% rise. The value then rose to Rs 2,760 per sq.ft in 2007, reflecting a 46% increase. By 2012, the value remained at Rs 12,000 per sq.ft, showing no change from the previous revision. In 2023, the value was again Rs 12,000 per sq.ft, and it increased by 10% to reach Rs 13,200 per sq.ft in 2024.

There is no figure available for the 2017 revision for Whites Lane. Overall, from 2002 to 2024, the guideline value has increased by 667%.

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 value for these streets is Rs 6,600 per sq.ft, making the 2024 value of Rs 13,200 per sq.ft for Whites Lane above the median.

• Whites Road: Rs 15,400 per sq.ft (2024)
• Woods Road: Rs 15,400 per sq.ft (2024)
• West Cott Road: Rs 13,200 per sq.ft (2024)
• Welders Street: Rs 7,700 per sq.ft (2024)
• Weavers Street: Rs 6,600 per sq.ft (2024)
• Yusuff Lane: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Whites Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 13,200 per sq.ft, the total guideline value would be Rs 1,32,00,000. The stamp duty at 7% would amount to Rs 9,24,000, while the registration fee at 2% would be Rs 2,64,000. Together, the total cost for stamp duty and registration fee would be Rs 11,88,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Whites Lane?

The Sub Registrar Office that covers Whites 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 a crucial factor used during the registration of property transactions in Triplicane. It serves as a benchmark for determining the stamp duty and registration fees payable when buying or selling property.

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

Frequently asked questions

What is the current guideline value of Whites Lane?

The current guideline value of Whites Lane is Rs 13,200 per sq.ft, effective from the 2024 revision.

How much has the guideline value changed over the years?

Since 2002, the guideline value of Whites Lane has increased by 667%. The most recent revision in 2024 saw a 10% increase from Rs 12,000 per sq.ft in 2023.

What is the classification of land on Whites Lane?

Whites Lane is classified as Commercial Class I Type - I, indicating its commercial usage and potential.

Where can I find the Triplicane Sub Registrar Office?

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

How is stamp duty calculated for properties in Whites Lane?

Stamp duty for properties in Whites Lane is calculated based on the higher of the guideline value or the sale price. The current rate is 7% for stamp duty and 2% for the registration fee.