Guideline Value for Harrington Road

Harrington Road guideline value

The current guideline value of Harrington Road is Rs 18,100 per sq.ft, effective from 1 July 2024. This road is located in Egmore village, under the Periamet SRO, and is classified as Commercial Special Type - II.

How the guideline value of Harrington Road has changed

The guideline value for Harrington Road has seen significant changes over the years. The earliest recorded figure is from 2002, where it was Rs 3,200 per sq.ft. This value increased to Rs 3,528 per sq.ft in 2003, marking a 10% rise. In 2007, the guideline value jumped to Rs 6,000 per sq.ft, reflecting a substantial increase of 70%. The value then surged to Rs 16,500 per sq.ft in 2012, which was a remarkable 175% increase from the previous revision.

From 2012 to 2017, the value decreased to Rs 11,055 per sq.ft, indicating a decline of 33%. However, it rebounded significantly to Rs 16,500 per sq.ft in 2023, a rise of 49%. The most recent revision in 2024 set the guideline value at Rs 18,100 per sq.ft, which is a 10% increase from the previous year.

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 Road's 2024 figure is above this median, indicating its significance in the area.

• HarringtonLane: Rs 13,400 per sq.ft (2024)
• Harris lane: Rs 10,100 per sq.ft (2024)
• Harrington 9thAvenue: Rs 13,400 per sq.ft (2024)
• Harris Road (Adhithanar Salai): Rs 15,000 per sq.ft (2024)
• Harrington 8th avenue: Rs 13,400 per sq.ft (2024)
• Harrington 7thAvenue: Rs 13,400 per sq.ft (2024)

Stamp duty and registration fee for property in Harrington Road

For a 1,000 sq.ft plot at the current guideline value of Rs 18,100 per sq.ft, the total guideline value amounts to Rs 1,81,00,000. The stamp duty at 7% would be Rs 12,67,000, and the registration fee at 2% would be Rs 3,62,000, bringing the total fees to Rs 16,29,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Harrington Road?

The Sub Registrar Office that covers Harrington Road 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 applicable stamp duty and registration fees, which are essential costs for buyers and sellers. The guideline value ensures that the property is valued appropriately for taxation purposes.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This system helps maintain transparency in property transactions and ensures compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Harrington Road?

The current guideline value of Harrington Road is Rs 18,100 per sq.ft, effective from 1 July 2024.

How has the guideline value of Harrington Road changed over the years?

The guideline value has changed significantly, from Rs 3,200 in 2002 to Rs 18,100 in 2024, with various fluctuations in between.

What is the land classification for Harrington Road?

Harrington Road is classified as Commercial Special Type - II under the guideline value register.

Where is the Sub Registrar Office for Harrington Road located?

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

How is the stamp duty calculated for property in Harrington Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For a property valued at Rs 1,81,00,000, the stamp duty would be Rs 12,67,000 at 7%.