Guideline Value for T.P. Chathiram 24th Street

T.P. Chathiram 24th Street guideline value

The current guideline value of T.P. Chathiram 24th 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 24th Street has changed

The guideline value for T.P. Chathiram 24th Street has seen several revisions over the years. In 2002, the value was Rs 355 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2007. This was followed by another increase to Rs 3,500 per sq.ft in 2012, before dropping to Rs 2,345 per sq.ft in 2017. The value then rose to Rs 3,500 per sq.ft in 2023 and has now reached Rs 3,800 per sq.ft in the 2024 revision. It is important to note that the register has no figure for this street in 2003.

From 2017 to 2023, the guideline value increased by 49%, and from 2023 to 2024, it rose by 9%. The most significant change occurred from 2007 to 2012, where the value increased by 250%. Overall, from 2002 to 2024, the guideline value has increased by 970%.

Guideline values in Aminjikarai

Aminjikarai village has a range of guideline values for its streets under the AnnaNagar SRO, with figures for 2024 ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median guideline value in this area is Rs 4,400 per sq.ft, placing T.P. Chathiram 24th Street's 2024 figure below that median.

• T.P. Chathiram 23rd Street: Rs 3,800 per sq.ft (2024)
• T.P. Chathiram 5th Street: Rs 3,800 per sq.ft (2024)
• T.P. Chathiram 22nd Street: Rs 3,800 per sq.ft (2024)
• T.P. Chathiram 6th Street: Rs 3,800 per sq.ft (2024)
• T.P. Chathiram 20th Street: Rs 3,800 per sq.ft (2024)
• T.P. Chathiram 7th Street: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in T.P. Chathiram 24th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value is 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 cost 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 more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers T.P. Chathiram 24th Street?

The Sub Registrar Office that covers T.P. Chathiram 24th 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 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 for property transactions in Aminjikarai. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value serves as a benchmark for assessing the sale price. If the sale price is higher than the guideline value, the duty is calculated based on the sale price to ensure that the appropriate fees are collected.

Frequently asked questions

What is the current guideline value for T.P. Chathiram 24th Street?

The current guideline value for T.P. Chathiram 24th 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, reflecting an overall increase of 970% over this period.

What are the other streets in Aminjikarai with the same guideline value?

Several other streets in Aminjikarai have the same guideline value of Rs 3,800 per sq.ft for 2024, including T.P. Chathiram 23rd Street, T.P. Chathiram 5th Street, T.P. Chathiram 22nd Street, T.P. Chathiram 6th Street, T.P. Chathiram 20th Street, and T.P. Chathiram 7th Street.

What is the stamp duty rate in Chennai?

The stamp duty rate in Chennai is currently set at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office by visiting the relevant online portal. For T.P. Chathiram 24th Street, the AnnaNagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.