Guideline Value for T.P. Chathiram 8th Street

T.P. Chathiram 8th Street guideline value

The current guideline value of T.P. Chathiram 8th Street is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Aminjikarai village, under the jurisdiction of the AnnaNagar SRO. The land classification for this area is Residential Class III Type - II.

How the guideline value of T.P. Chathiram 8th Street has changed

Over the years, the guideline value of T.P. Chathiram 8th Street has seen significant changes. In 2002, the guideline value was Rs 355 per sq.ft, which increased to Rs 1,000 per sq.ft in 2007, marking a substantial increase of 182%. The value then rose to Rs 3,500 per sq.ft in 2012, a 250% increase from the previous revision. However, it dropped to Rs 2,345 per sq.ft in 2017, reflecting a decrease of 33%. The value then increased to Rs 3,500 per sq.ft in 2023, followed by a further rise to Rs 3,800 per sq.ft in 2024, indicating a 9% increase.

It is important to note that there is no figure available for T.P. Chathiram 8th Street in the 2003 revision. Overall, from 2002 to 2024, the guideline value has risen by 970%.

Guideline values in Aminjikarai

Aminjikarai village 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. The median guideline value in this area is Rs 4,400 per sq.ft, placing T.P. Chathiram 8th Street's 2024 figure below that median.

• T.P. Chathiram 7th Street: Rs 3,800 per sq.ft (2024)
• T.P. Chathiram 9th Street: Rs 3,800 per sq.ft (2024)
• T.P. Chathiram 6th Street: Rs 3,800 per sq.ft (2024)
• T.P. Chathiram East 26th Street: Rs 3,800 per sq.ft (2024)
• T.P. Chathiram 5th Street: Rs 3,800 per sq.ft (2024)
• T.P. Chathiram East 28th Street: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in T.P. Chathiram 8th 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, making the total cost for these fees 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 detailed calculations.

Which Sub Registrar Office covers T.P. Chathiram 8th Street?

The Sub Registrar Office that covers T.P. Chathiram 8th 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 is a crucial factor during the registration of property transactions in Aminjikarai. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the current guideline value, as it can influence the overall costs involved in the transaction. This value helps in assessing the financial implications of property ownership and transfer.

Frequently asked questions

What is the current guideline value of T.P. Chathiram 8th Street?

The current guideline value of T.P. Chathiram 8th 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 increased from Rs 355 per sq.ft in 2002 to Rs 3,800 per sq.ft in 2024, showing a significant overall increase of 970% over this period.

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

Other streets in Aminjikarai with the same 2024 guideline value of Rs 3,800 per sq.ft include T.P. Chathiram 7th Street, T.P. Chathiram 9th Street, T.P. Chathiram 6th Street, T.P. Chathiram East 26th Street, T.P. Chathiram 5th Street, and T.P. Chathiram East 28th Street.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions in T.P. Chathiram 8th Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office by visiting the link provided to find your SRO.