Guideline Value

Corporate

Guideline Value for T.P. Chathiram 11th Street

₹3800/sq.ft.

The guideline value for T.p. Chathiram 11th Street in Aminjikarai village (Annanagar SRO, Chennai zone) is Rs 3800 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Iii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Aminjikarai

Village

AnnaNagar

SRO

Residential Class III Type - II
History
Period Guideline Value
From 1-7-2024 ₹3800 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1000 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 ( Near By Nolambur Eb Office )
044-29561062
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on T.p. Chathiram 11th Street

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T.P. Chathiram 11th Street guideline value

The current guideline value of T.P. Chathiram 11th Street is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Aminjikarai village and falls under the AnnaNagar SRO. The land classification for this area is Residential Class III Type - II.

How the guideline value of T.P. Chathiram 11th Street has changed

The guideline value for T.P. Chathiram 11th Street has seen several revisions over the years. In 2007, the value was Rs 1,000 per sq.ft, which increased significantly to Rs 3,500 per sq.ft in 2012, marking a rise of 250%. However, from 2012 to 2017, there was a decrease to Rs 2,345 per sq.ft, a drop of 33%. The value then rose again to Rs 3,500 per sq.ft in 2023, representing a 49% increase. The current rate as of 2024 is Rs 3,800 per sq.ft, reflecting a 9% increase from the previous year.

It is important to note that the guideline value register does not have figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 280%.

Guideline values in Aminjikarai

Aminjikarai has a total of 99 streets under the AnnaNagar SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 16,500 per sq.ft, with a median value of Rs 4,400 per sq.ft. The guideline value for T.P. Chathiram 11th Street is below this median.

Stamp duty and registration fee for property in T.P. Chathiram 11th Street

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, together totaling Rs 3,42,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers T.P. Chathiram 11th Street?

The Sub Registrar Office that covers T.P. Chathiram 11th Street 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 information.

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

The guideline value is an essential factor during property transactions in Aminjikarai, as it serves as a reference point for determining the stamp duty and registration fees. When buying or selling property, the guideline value is considered to ensure that the transaction is registered at a fair value.

It is crucial for buyers and sellers to be aware of the current guideline value, as it impacts the overall costs associated with the registration process. This ensures compliance with local regulations and helps in accurate financial planning.

Frequently asked questions

What is the current guideline value for T.P. Chathiram 11th Street?

The current guideline value for T.P. Chathiram 11th Street 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, from Rs 1,000 per sq.ft in 2007 to Rs 3,800 per sq.ft in 2024, marking an overall increase of 280%.

What is the land classification for T.P. Chathiram 11th Street?

The land classification for T.P. Chathiram 11th Street is Residential Class III Type - II.

Which office handles registrations for T.P. Chathiram 11th Street?

The AnnaNagar Sub Registrar Office handles registrations for T.P. Chathiram 11th Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in T.P. Chathiram 11th Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft property at the current rate would incur a stamp duty of Rs 2,66,000.