Guideline Value for Whites Road

Whites Road guideline value

The current guideline value of Whites Road, located in Triplicane village, under the Triplicane SRO, is Rs 15,400 per sq.ft, effective from 1 July 2024. This area is classified as Commercial Special Type - II.

How the guideline value of Whites Road has changed

The guideline value for Whites Road has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 5,027 per sq.ft. This increased to Rs 5,515 per sq.ft in 2003, marking a 10% rise. The value then saw a significant jump to Rs 7,100 per sq.ft in 2007, which was a 29% increase. By 2012, the value remained at Rs 14,000 per sq.ft, indicating no change from the previous revision. The 2023 revision also held the value steady at Rs 14,000 per sq.ft.

In 2024, the guideline value for Whites Road increased to Rs 15,400 per sq.ft, reflecting a 10% rise from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 206%.

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 for these streets is Rs 6,600 per sq.ft, placing Whites Road's 2024 figure above this median. Below are other streets in Triplicane with their respective guideline values:

• Whites Lane: Rs 13,200 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)
• Yusuff Lane: Rs 6,600 per sq.ft (2024)
• Weavers Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Whites Road

For a 1,000 sq.ft plot at the current guideline value of Rs 15,400 per sq.ft, the total guideline value would be Rs 1,54,00,000. The stamp duty at 7% would be Rs 10,78,000, and the registration fee at 2% would be Rs 3,08,000, totaling Rs 13,86,000. 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 more information.

Which Sub Registrar Office covers Whites Road?

The Sub Registrar Office that covers Whites Road 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

When buying or selling property in Triplicane, the guideline value is a critical factor. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. The guideline value serves as a benchmark for property transactions, ensuring that the fees are calculated based on a standardized value rather than arbitrary figures.

At the time of registration, the buyer will need to pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Whites Road?

The current guideline value of Whites Road is Rs 15,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 5,027 per sq.ft in 2002 to Rs 15,400 per sq.ft in 2024, marking an overall increase of 206%.

What is the land classification of Whites Road?

Whites Road is classified as Commercial Special Type - II, which influences its guideline value and potential usage.

Where is the Triplicane Sub Registrar Office located?

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

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 1,54,00,000 would incur a stamp duty of Rs 10,78,000 at a rate of 7%.