Guideline Value for T.P. Chathiram 7th Street

T.P. Chathiram 7th Street guideline value

The current guideline value of T.P. Chathiram 7th 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 7th Street has changed

The guideline value for T.P. Chathiram 7th Street has seen several revisions over the years. In 2002, the guideline value was Rs 355 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2007. This was followed by a substantial rise to Rs 3,500 per sq.ft in 2012, but then it decreased to Rs 2,345 per sq.ft in 2017. The value increased to Rs 3,500 per sq.ft again in 2023, and the latest revision in 2024 set it at Rs 3,800 per sq.ft, marking a 9% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 970%. The register has no figure for T.P. Chathiram 7th Street in 2003.

Guideline values in Aminjikarai

Aminjikarai village has a total of 99 streets under the AnnaNagar SRO, with guideline values 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, meaning T.P. Chathiram 7th Street's 2024 figure is below that median.

• T.P. Chathiram 6th Street: Rs 3,800 per sq.ft (2024)
• T.P. Chathiram 8th Street: Rs 3,800 per sq.ft (2024)
• T.P. Chathiram 5th Street: Rs 3,800 per sq.ft (2024)
• T.P. Chathiram 9th Street: Rs 3,800 per sq.ft (2024)
• T.P. Chathiram 24th Street: Rs 3,800 per sq.ft (2024)
• T.P. Chathiram East 26th Street: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in T.P. Chathiram 7th 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, bringing the total 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.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers T.P. Chathiram 7th Street?

The Sub Registrar Office that covers T.P. Chathiram 7th Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Aminjikarai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, it is essential to consider the guideline value as it affects the overall transaction costs. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price, which can significantly impact the total expenses involved in the property transaction.

Frequently asked questions

What is the current guideline value of T.P. Chathiram 7th Street?

The current guideline value of T.P. Chathiram 7th 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 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 is the median guideline value in Aminjikarai?

The median guideline value in Aminjikarai is Rs 4,400 per sq.ft, which is higher than the current value of T.P. Chathiram 7th Street.

What are the stamp duty and registration fees for properties in T.P. Chathiram 7th Street?

For a 1,000 sq.ft plot, the total stamp duty and registration fees amount to Rs 3,42,000 based on the current guideline value of Rs 3,800 per sq.ft.

Which office handles registrations for T.P. Chathiram 7th Street?

The AnnaNagar Sub Registrar Office is responsible for handling registrations for T.P. Chathiram 7th Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.