Guideline Value for Harrington 3rd Avenue

Harrington 3rd Avenue guideline value

The current guideline value of Harrington 3rd 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 it falls under the Mixed Type - I land classification.

How the guideline value of Harrington 3rd Avenue has changed

The guideline value for Harrington 3rd Avenue has seen significant changes over the years. In the 2002 revision, the value was Rs 2,806 per sq.ft. This increased to Rs 3,093 per sq.ft in 2003, marking a 10% rise. The value continued to rise, reaching Rs 4,000 per sq.ft in 2007, which represented a 29% increase from the previous revision. The 2012 revision saw a decrease to Rs 12,300 per sq.ft, a drop of 33%. However, the value bounced back to Rs 8,241 per sq.ft in 2017, reflecting a 49% increase. The value then climbed to Rs 12,300 per sq.ft in 2023 before reaching the current figure of Rs 13,400 per sq.ft in 2024, which is a 9% increase.

There are no figures available for the revisions in the years not mentioned in the register. Overall, from 2002 to 2024, the guideline value has increased by 378%.

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 3rd Avenue's current guideline value is above this median.

• Harrington 2nd Avenue: Rs 13,400 per sq.ft (2024)
• Harrington 4th Avenue: Rs 13,400 per sq.ft (2024)
• Harrington 1st Avenue: Rs 13,400 per sq.ft (2024)
• Harrington 5th Avenue: Rs 13,400 per sq.ft (2024)
• Harrington 17th Avenue: Rs 13,400 per sq.ft (2024)
• Harrington 6th Avenue: Rs 13,400 per sq.ft (2024)

Stamp duty and registration fee for property in Harrington 3rd 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. 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 Harrington 3rd Avenue?

The Sub Registrar Office that covers Harrington 3rd 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 plays a crucial role during property registration in Egmore. It serves as a basis for calculating the stamp duty and registration fees, which are mandatory for legal property transactions. Buyers and sellers must be aware that the duty is charged based on the higher of the guideline value or the sale price.

When engaging in a property transaction, it is essential to refer to the current guideline value to ensure compliance with registration requirements. This value is regularly updated, reflecting changes in the real estate landscape and providing a standardized measure for property transactions.

Frequently asked questions

What is the current guideline value of Harrington 3rd Avenue?

The current guideline value of Harrington 3rd 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 increased from Rs 2,806 per sq.ft in 2002 to Rs 13,400 per sq.ft in 2024, marking an overall increase of 378% over this period.

What is the median guideline value in Egmore?

The median guideline value in Egmore village is Rs 7,100 per sq.ft, with Harrington 3rd Avenue's current value being above this median.

What are the stamp duty and registration fees for a property in Harrington 3rd Avenue?

For a 1,000 sq.ft plot, the total guideline value is Rs 1,34,00,000. The stamp duty would be Rs 9,38,000, and the registration fee would be Rs 2,68,000, totaling Rs 12,06,000.

Where is the Sub Registrar Office for Harrington 3rd Avenue located?

The Sub Registrar Office covering Harrington 3rd Avenue is located at 1103, Poonamallee High Road, Chennai-600 003.