Guideline Value for East Club Road

East Club Road guideline value

The current guideline value of East Club Road is Rs 14,300 per sq.ft, effective from 1 July 2024. This road is located in Aminjikarai village and falls under the AnnaNagar SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of East Club Road has changed

The guideline value for East Club Road has seen significant changes over the years. In 2002, the value was Rs 1,069 per sq.ft, which increased to Rs 2,000 per sq.ft in 2007, marking a substantial rise of 87%. The value then surged to Rs 13,000 per sq.ft in 2012, reflecting a remarkable increase of 550%. However, it dropped to Rs 8,710 per sq.ft in 2017, a decrease of 33%. The value further increased to Rs 13,000 per sq.ft in 2023, showing a growth of 49%, before reaching the current value of Rs 14,300 per sq.ft in 2024, which is a 10% increase from the previous year. Notably, there is no figure available for the year 2003 in the register for this street.

Guideline values in Aminjikarai

Aminjikarai village has 99 streets under the AnnaNagar SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 16,500 per sq.ft, with a median value of Rs 4,400 per sq.ft. The guideline value for East Club Road is above this median.

• East Arasamaram Street: Rs 4,400 per sq.ft (2024)
• East Mada Lane: Rs 4,400 per sq.ft (2024)
• East Mada Street: Rs 4,400 per sq.ft (2024)
• East Park Road: Rs 14,300 per sq.ft (2024)
• Gajalakshmi Colony: Rs 5,500 per sq.ft (2024)
• Gajapathy Lane: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in East Club Road

For a 1,000 sq.ft plot at the current guideline value of Rs 14,300 per sq.ft, the total guideline value amounts to Rs 1,43,00,000. The stamp duty at 7% would be Rs 10,01,000, and the registration fee at 2% would be Rs 2,86,000, bringing the total to Rs 12,87,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers East Club Road?

The Sub Registrar Office that covers East Club Road is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Aminjikarai. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When you register a property transaction, the guideline value is compared with the sale price. The higher of the two amounts is used to determine the applicable stamp duty and registration fees, which are mandatory for legal ownership transfer.

Frequently asked questions

What is the current guideline value of East Club Road?

The current guideline value of East Club Road is Rs 14,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,069 per sq.ft in 2002 to Rs 14,300 per sq.ft in 2024, reflecting an overall increase of 1,238% over this period.

What is the land classification for East Club Road?

East Club Road is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for East Club Road?

The Sub Registrar Office for East Club Road is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in Aminjikarai?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. This ensures that the appropriate fees are applied during the registration process.