Guideline Value for Harrington 9thAvenue

Harrington 9thAvenue guideline value

The current guideline value of Harrington 9thAvenue 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 9thAvenue has changed

The guideline value for Harrington 9thAvenue 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 then rose dramatically to Rs 4,000 per sq.ft in 2007, an increase of 152%. Following this, the value reached Rs 12,300 per sq.ft in 2012, reflecting a 208% increase from the previous revision. However, there was a decline to Rs 8,241 per sq.ft in 2017, which was a decrease of 33% from 2012.

From 2017 to 2023, the guideline value increased to Rs 12,300 per sq.ft, showing a 49% rise. The most recent revision in 2024 set the value at Rs 13,400 per sq.ft, which is a 9% increase from 2023. Overall, from 2002 to 2024, the guideline value has increased by 831%.

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. The median value for these streets is Rs 7,100 per sq.ft, and Harrington 9thAvenue's 2024 figure is above that median.

• Harrington 8th avenue: Rs 13,400 per sq.ft (2024)
• HarringtonLane: Rs 13,400 per sq.ft (2024)
• Harrington 7thAvenue: Rs 13,400 per sq.ft (2024)
• Harrington Road: Rs 18,100 per sq.ft (2024)
• Harrington 6th Avenue: Rs 13,400 per sq.ft (2024)
• Harris lane: Rs 10,100 per sq.ft (2024)

Stamp duty and registration fee for property in Harrington 9thAvenue

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, 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 9thAvenue?

The Sub Registrar Office that covers Harrington 9thAvenue 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 the registration of property transactions in Egmore. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When you register a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Harrington 9thAvenue?

The current guideline value of Harrington 9thAvenue 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, increasing from Rs 1,440 per sq.ft in 2002 to Rs 13,400 per sq.ft in 2024, which is an overall increase of 831%.

What are the stamp duty rates for property in Harrington 9thAvenue?

The stamp duty rate for property transactions in Harrington 9thAvenue is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Harrington 9thAvenue located?

The Sub Registrar Office for Harrington 9thAvenue is located at 1103, Poonamallee High Road, Chennai-600 003.

What is the median guideline value for streets in Egmore?

The median guideline value for streets in Egmore under the Periamet SRO is Rs 7,100 per sq.ft, and Harrington 9thAvenue's value is above this median.