Guideline Value for T.p. Chathiram (Eastern Side Of Kilpauk Garden Road From Street 1 To 4)

T.P. Chathiram (Eastern Side of Kilpauk Garden Road From street 1 to 4) guideline value

The current guideline value for T.P. Chathiram (Eastern Side of Kilpauk Garden Road From street 1 to 4) is Rs 3,800 per sq.ft, effective from 1 July 2024. This property is located in Aminjikarai village and falls under the AnnaNagar SRO, classified as Residential Class III Type - II.

How the guideline value of T.P. Chathiram (Eastern Side of Kilpauk Garden Road From street 1 to 4) has changed

Over the years, the guideline value for T.P. Chathiram (Eastern Side of Kilpauk Garden Road From street 1 to 4) has seen several revisions. The 2007 revision set the value at Rs 1,200 per sq.ft, which then increased significantly to Rs 3,500 per sq.ft in the 2012 revision. However, there was a decrease in the 2017 revision, bringing the value down to Rs 2,345 per sq.ft. Following this, the 2023 revision raised the value to Rs 3,500 per sq.ft, and the latest 2024 revision has further increased it to Rs 3,800 per sq.ft.

The changes in the guideline value between the revisions are notable. From 2007 to 2012, the value increased by 192%, but it decreased by 33% from 2012 to 2017. The value then rose by 49% from 2017 to 2023, and finally, there was a 9% increase from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 217%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Aminjikarai

Aminjikarai has a range of guideline values across its 99 streets under the AnnaNagar SRO, with the 2024 figures varying from Rs 3,300 to Rs 16,500 per sq.ft. The median value for these streets is Rs 4,400 per sq.ft, placing T.P. Chathiram (Eastern Side of Kilpauk Garden Road From street 1 to 4) below this median.

• T.P. Chathiram East 28th Street: Rs 3,800 per sq.ft (2024)
• T.P. Chathiram East Side 30th Street: Rs 3,800 per sq.ft (2024)
• T.P. Chathiram East 26th Street: Rs 3,800 per sq.ft (2024)
• T.P. Chathiram Main Road: Rs 3,800 per sq.ft (2024)
• T.P. Chathiram 9th Street: Rs 3,800 per sq.ft (2024)
• T.P. Chathiram West Side 11th Street: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in T.P. Chathiram (Eastern Side of Kilpauk Garden Road From street 1 to 4)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value amounts to Rs 38,00,000. The stamp duty at 7% would be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total fees together to Rs 3,42,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers T.P. Chathiram (Eastern Side of Kilpauk Garden Road From street 1 to 4)?

The Sub Registrar Office that covers T.P. Chathiram (Eastern Side of Kilpauk Garden Road From street 1 to 4) is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur EB Office. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Aminjikarai

The guideline value is a crucial factor in property transactions in Aminjikarai, as it determines the minimum value at which a property can be registered. When buying or selling a property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of ownership.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the costs associated with property transactions. Ensuring that the property is registered at or above the guideline value helps in maintaining transparency and legality in real estate dealings.

Frequently asked questions

What is the current guideline value for T.P. Chathiram (Eastern Side of Kilpauk Garden Road From street 1 to 4)?

The current guideline value for T.P. Chathiram (Eastern Side of Kilpauk Garden Road From street 1 to 4) is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 1,200 per sq.ft in 2007, increasing to Rs 3,500 in 2012, then decreasing to Rs 2,345 in 2017, and rising to Rs 3,500 in 2023 before reaching Rs 3,800 in 2024.

What are the stamp duty and registration fees for property in T.P. Chathiram?

For a property valued at Rs 38,00,000, the stamp duty would be Rs 2,66,000 and the registration fee would be Rs 76,000, totaling Rs 3,42,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registration for T.P. Chathiram?

The AnnaNagar Sub Registrar Office handles property registration for T.P. Chathiram (Eastern Side of Kilpauk Garden Road From street 1 to 4), located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for T.P. Chathiram?

T.P. Chathiram is classified as Residential Class III Type - II, which is important for understanding the zoning and potential use of the property.