Guideline Value for Harrington 4th Avenue

Harrington 4th Avenue guideline value

The current guideline value of Harrington 4th 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 4th Avenue has changed

The guideline value of Harrington 4th Avenue has seen significant changes 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. The value continued to grow, reaching Rs 4,000 per sq.ft in 2007, which was an increase of 152%. From 2007 to 2012, however, the value decreased to Rs 12,300 per sq.ft, reflecting a decline of 33%. A notable increase occurred from 2012 to 2017, with the value rising to Rs 8,241 per sq.ft, a jump of 208%. The value further increased to Rs 12,300 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 13,400 per sq.ft, a rise of 9% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 831%. The revisions from 2017 to 2023 saw a substantial increase of 49%. It is important to note that the register has no figure for this street for the years not listed.

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 4th Avenue's 2024 figure is above this median.

• Harrington 3rd Avenue: Rs 13,400 per sq.ft (2024)
• Harrington 5th Avenue: Rs 13,400 per sq.ft (2024)
• Harrington 2nd Avenue: Rs 13,400 per sq.ft (2024)
• Harrington 6th Avenue: Rs 13,400 per sq.ft (2024)
• Harrington 1st Avenue: Rs 13,400 per sq.ft (2024)
• Harrington 7th Avenue: Rs 13,400 per sq.ft (2024)

Stamp duty and registration fee for property in Harrington 4th Avenue

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

Which Sub Registrar Office covers Harrington 4th Avenue?

The Sub Registrar Office that covers Harrington 4th 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 process when buying or selling property in Egmore. It serves as a reference point for determining the stamp duty and registration fees applicable during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the correct amount is collected based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Harrington 4th Avenue?

The current guideline value of Harrington 4th 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 this period.

What are the stamp duty and registration fees for properties in Harrington 4th Avenue?

For a 1,000 sq.ft property, the stamp duty would be Rs 9,38,000 and the registration fee would be Rs 2,68,000, totaling Rs 12,06,000 based on the current guideline value.

Which Sub Registrar Office covers Harrington 4th Avenue?

The Periamet Sub Registrar Office covers Harrington 4th Avenue, located at 1103, Poonamallee High Road, Chennai-600 003.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees when buying or selling property. The higher value between the guideline value and the sale price is taken for calculating the applicable duties and fees.