Guideline Value for Harrington 6th Avenue

Harrington 6th Avenue guideline value

The current guideline value of Harrington 6th 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 6th Avenue has changed

The guideline value for Harrington 6th Avenue has seen several revisions over the years. In the 2002 revision, the value was Rs 1,440 per sq.ft, which increased to Rs 1,588 per sq.ft in 2003. Following this, the value rose significantly to Rs 4,000 per sq.ft in 2007, marking a 152% increase. The 2012 revision saw a decrease to Rs 12,300 per sq.ft, a drop of 33%. However, the value rebounded to Rs 8,241 per sq.ft in 2017, representing a 49% increase from the previous revision. The 2023 revision recorded a value of Rs 12,300 per sq.ft, which then increased to the current value of Rs 13,400 per sq.ft in 2024, reflecting a 9% rise.

There are no figures available for the years between the revisions listed above for Harrington 6th Avenue. Overall, from 2002 to 2024, the guideline value has increased by 831%.

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 6th Avenue's 2024 guideline value is above this median.

• Harrington 5th Avenue: Rs 13,400 per sq.ft (2024)
• Harrington 7th Avenue: Rs 13,400 per sq.ft (2024)
• Harrington 4th Avenue: Rs 13,400 per sq.ft (2024)
• Harrington 8th Avenue: Rs 13,400 per sq.ft (2024)
• Harrington 3rd Avenue: Rs 13,400 per sq.ft (2024)
• Harrington 9th Avenue: Rs 13,400 per sq.ft (2024)

Stamp duty and registration fee for property in Harrington 6th 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, making a total of 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. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Harrington 6th Avenue?

The Sub Registrar Office that covers Harrington 6th 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 in the registration process of property transactions in Egmore. It is used to determine the stamp duty and registration fees that need to be paid during the sale or purchase of property. Buyers and sellers must be aware of the current guideline value to ensure compliance with the legal requirements.

When a property is sold, the guideline value is compared with the sale price. The higher amount is taken into account for calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Harrington 6th Avenue?

The current guideline value of Harrington 6th 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 seen significant changes, from Rs 1,440 per sq.ft in 2002 to Rs 13,400 per sq.ft in 2024, marking an overall increase of 831%.

What is the stamp duty rate for property in Harrington 6th Avenue?

The stamp duty rate for property transactions in Harrington 6th Avenue is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Harrington 6th Avenue located?

The Periamet Sub Registrar Office is located at 1103, Poonamallee High Road, Chennai-600 003, which covers Harrington 6th Avenue.

What are the other streets in Egmore with the same guideline value?

Other streets in Egmore with the same guideline value of Rs 13,400 per sq.ft include Harrington 5th Avenue, Harrington 7th Avenue, Harrington 4th Avenue, Harrington 8th Avenue, Harrington 3rd Avenue, and Harrington 9th Avenue.