Guideline Value for Halls Road(Egmore)

Halls Road(Egmore) guideline value

The current guideline value of Halls Road(Egmore) is Rs 15,000 per sq.ft, effective from 1 July 2024. This street is located in Egmore village, under the Periamet SRO, and is classified as Residential Class I Type - I.

How the guideline value of Halls Road(Egmore) has changed

The guideline value for Halls Road(Egmore) has seen several revisions over the years. In 2002, the value was Rs 1,625 per sq.ft, which increased to Rs 1,792 per sq.ft in 2003. Following this, the value rose significantly to Rs 2,600 per sq.ft in 2007, and then to Rs 13,700 per sq.ft in 2012. However, it dropped to Rs 9,179 per sq.ft in 2017, before increasing to Rs 13,700 per sq.ft in 2023, and finally reaching Rs 15,000 per sq.ft in 2024.

Notable changes between revisions include a 49% increase from 2017 to 2023, and a substantial 427% increase from 2007 to 2012. The guideline value has increased overall by 823% from 2002 to 2024.

Guideline values in Egmore

In Egmore village, there are 465 streets under the Periamet SRO that carry a 2024 guideline value ranging from Rs 2,800 to Rs 22,000 per sq.ft, with a median value of Rs 7,100 per sq.ft. Halls Road(Egmore) has a guideline value above this median.

• HallsLane: Rs 8,300 per sq.ft (2024)
• Halls Road (Kilpauk): Rs 15,000 per sq.ft (2024)
• Harrington 10th Avenue: Rs 13,400 per sq.ft (2024)
• Harrington 11th Avenue: Rs 13,400 per sq.ft (2024)
• Harrington 12th Avenue: Rs 13,400 per sq.ft (2024)
• Harrington 13th Avenue: Rs 13,400 per sq.ft (2024)

Stamp duty and registration fee for property in Halls Road(Egmore)

For a 1,000 sq.ft plot at the current guideline value of Rs 15,000 per sq.ft, the total guideline value would be Rs 1,50,00,000. The stamp duty at 7% would amount to Rs 10,50,000, and the registration fee at 2% would be Rs 3,00,000, bringing the total charges to Rs 13,50,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Halls Road(Egmore)?

The Sub Registrar Office that covers Halls Road(Egmore) is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Egmore. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the correct revenue based on the property's value as determined by the guideline value register.

Frequently asked questions

What is the current guideline value of Halls Road(Egmore)?

The current guideline value of Halls Road(Egmore) is Rs 15,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, with an overall increase of 823% from Rs 1,625 per sq.ft in 2002 to Rs 15,000 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in Halls Road(Egmore)?

For a property valued at Rs 1,50,00,000, the stamp duty would be Rs 10,50,000, and the registration fee would be Rs 3,00,000, totaling Rs 13,50,000.

Which office handles registrations for Halls Road(Egmore)?

The Periamet Sub Registrar Office handles registrations for Halls Road(Egmore), located at 1103, Poonamallee High Road, Chennai-600 003.

What is the land classification for Halls Road(Egmore)?

Halls Road(Egmore) is classified as Residential Class I Type - I, indicating its suitability for residential development.