Guideline Value for Harrington 8th avenue

Harrington 8th avenue guideline value

The current guideline value of Harrington 8th 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 land.

How the guideline value of Harrington 8th avenue has changed

The guideline value for Harrington 8th avenue has undergone 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. The value saw significant growth to Rs 4,000 per sq.ft in 2007, reflecting a 152% increase. Following this, the value surged to Rs 12,300 per sq.ft in 2012, showing a remarkable 208% increase. However, it decreased to Rs 8,241 per sq.ft in 2017, which was a 33% drop. The value then rose to Rs 12,300 per sq.ft in 2023, and most recently, it increased to Rs 13,400 per sq.ft in 2024, representing a 9% increase.

Overall, from 2002 to 2024, the guideline value of Harrington 8th avenue has increased by 831%. The register has no figures for the years not mentioned in the revisions.

Guideline values in Egmore

In Egmore, 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 8th avenue's 2024 guideline value is above this median.

• Harrington 7th Avenue: Rs 13,400 per sq.ft (2024)
• Harrington 9th Avenue: Rs 13,400 per sq.ft (2024)
• Harrington 6th Avenue: Rs 13,400 per sq.ft (2024)
• Harrington Lane: Rs 13,400 per sq.ft (2024)
• Harrington 5th Avenue: Rs 13,400 per sq.ft (2024)
• Harrington Road: Rs 18,100 per sq.ft (2024)

Stamp duty and registration fee for property in Harrington 8th 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. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Harrington 8th avenue?

The Sub Registrar Office that covers Harrington 8th 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 an important factor when registering property transactions in Egmore. It serves as a basis for calculating stamp duty and registration fees, which are necessary for the legal transfer of property ownership.

When buying or selling property, the guideline value ensures that both parties are aware of the minimum value for which the property can be registered. This helps maintain transparency in the property transaction process.

Frequently asked questions

What is the current guideline value of Harrington 8th avenue?

The current guideline value of Harrington 8th 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 multiple times, 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 land classification for Harrington 8th avenue?

Harrington 8th avenue is classified as Mixed Type - I land under the current guidelines.

What are the stamp duty and registration fees for properties in Harrington 8th avenue?

For a property valued at 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.

Which office handles property registrations for Harrington 8th avenue?

The Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003, handles property registrations for Harrington 8th avenue.