Guideline Value for T.P. Chathiram 12th Street

T.P. Chathiram 12th Street guideline value

The current guideline value of T.P. Chathiram 12th 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 12th Street has changed

The guideline value for T.P. Chathiram 12th Street has seen several revisions over the years. In 2002, the guideline value was Rs 355 per sq.ft, which increased to Rs 1,000 per sq.ft in 2007. This marked a significant rise of 182%. The value then surged to Rs 3,500 per sq.ft in 2012, reflecting a 250% increase from the previous revision. However, in 2017, it dropped to Rs 2,345 per sq.ft, showing a decline of 33%. The value rose again to Rs 3,500 per sq.ft in 2023, and currently stands at Rs 3,800 per sq.ft from the 2024 revision, indicating a 9% increase from the previous year.

There is no figure available for T.P. Chathiram 12th Street in the 2003 revision. Overall, from 2002 to 2024, the guideline value has increased by 970%.

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. T.P. Chathiram 12th Street's 2024 figure is below this median.

• T.P. Chathiram 11th Street: Rs 3,800 per sq.ft (2024)
• T.P. Chathiram 14,16th Street: Rs 3,800 per sq.ft (2024)
• T.P. Chathiram 10th Street: Rs 3,800 per sq.ft (2024)
• T.P. Chathiram 17th Street: Rs 3,800 per sq.ft (2024)
• T.P. Chathiram 18th Street: Rs 3,800 per sq.ft (2024)
• T.P. Chathiram 20th Street: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in T.P. Chathiram 12th Street

For a 1,000 sq.ft plot at the current rate of Rs 3,800 per sq.ft, the 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, totaling 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. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers T.P. Chathiram 12th Street?

The Sub Registrar Office that covers T.P. Chathiram 12th Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By 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 the registration process of property transactions in Aminjikarai. It serves as the basis for calculating the stamp duty and registration fees that must be paid during the transfer of property ownership.

When you buy or sell property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. This helps maintain transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of T.P. Chathiram 12th Street?

The current guideline value of T.P. Chathiram 12th 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 355 per sq.ft in 2002 to Rs 3,800 per sq.ft in 2024, marking an overall increase of 970% over the years.

What is the guideline value for other streets in Aminjikarai?

Other streets in Aminjikarai have varying guideline values, with rates ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median value for these streets is Rs 4,400 per sq.ft.

How is stamp duty calculated for properties in T.P. Chathiram 12th Street?

Stamp duty for properties in T.P. Chathiram 12th Street is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 38,00,000 incurs a stamp duty of Rs 2,66,000 at 7%.

Where can I find the Sub Registrar Office for T.P. Chathiram 12th Street?

The Sub Registrar Office for T.P. Chathiram 12th Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.