Guideline Value for Harrington 12th Avenue

Harrington 12th Avenue guideline value

The current guideline value of Harrington 12th Avenue is Rs 13,400 per sq.ft, effective from 1 July 2024. This street is located in Egmore village, under the Periamet SRO, and is classified as Mixed Type - I.

How the guideline value of Harrington 12th Avenue has changed

The guideline value of Harrington 12th Avenue has seen several revisions over the years. In 2002, the value was Rs 1,440 per sq.ft, which increased to Rs 1,588 per sq.ft in 2003, marking a 10% rise. Following this, the value surged significantly to Rs 4,000 per sq.ft in 2007, reflecting a 152% increase. The value then rose to Rs 12,300 per sq.ft in 2012, a remarkable 208% increase. However, it dropped to Rs 8,241 per sq.ft in 2017, indicating a decline of 33%. The value further increased to Rs 12,300 per sq.ft in 2023, followed by a final adjustment to Rs 13,400 per sq.ft in 2024, representing a 9% increase.

Overall, from 2002 to 2024, the guideline value has increased by 831%. The register has no figures for the years between 2012 and 2017, and for 2023, it reflects a significant jump to the current value.

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. Harrington 12th Avenue's current guideline value is above this median.

• Harrington 11th Avenue: Rs 13,400 per sq.ft (2024)
• Harrington 13th Avenue: Rs 13,400 per sq.ft (2024)
• Harrington 10th Avenue: Rs 13,400 per sq.ft (2024)
• Harrington 14th Avenue: Rs 13,400 per sq.ft (2024)
• Harrington 15th Avenue: Rs 13,400 per sq.ft (2024)
• Harrington 16th Avenue: Rs 13,400 per sq.ft (2024)

Stamp duty and registration fee for property in Harrington 12th Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 13,400 per sq.ft, the total guideline value amounts to Rs 1,34,00,000. The stamp duty at 7% would be Rs 9,38,000, and the registration fee at 2% would be Rs 2,68,000, bringing the total to Rs 12,06,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Harrington 12th Avenue?

The Sub Registrar Office that covers Harrington 12th Avenue 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 crucial factor in the registration of property transactions in Egmore. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the fair value of the property. It is essential for both buyers and sellers to be aware of the current guideline value to facilitate a smooth transaction process.

Frequently asked questions

What is the current guideline value of Harrington 12th Avenue?

The current guideline value of Harrington 12th Avenue is Rs 13,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,440 per sq.ft in 2002 to Rs 13,400 per sq.ft in 2024, reflecting an overall increase of 831% over the years.

What is the registration office for Harrington 12th Avenue?

The registration office for Harrington 12th Avenue is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

How is stamp duty calculated for properties in Harrington 12th Avenue?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 9,38,000.

What is the land classification of Harrington 12th Avenue?

Harrington 12th Avenue is classified as Mixed Type - I, which indicates the nature of land use in the area.