Guideline Value for T.P. Chathiram 9th Street

T.P. Chathiram 9th Street guideline value

The current guideline value of T.P. Chathiram 9th 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 9th Street has changed

The guideline value for T.P. Chathiram 9th Street has undergone 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. However, it then decreased to Rs 2,345 per sq.ft in 2017. The value saw a substantial increase to Rs 3,500 per sq.ft in 2023, and as of 2024, it stands at Rs 3,800 per sq.ft. The changes between these revisions include a 250% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, a 49% increase from 2017 to 2023, and a 9% increase from 2023 to 2024.

It is important to note that there are no figures available for T.P. Chathiram 9th Street in the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 280%.

Guideline values in Aminjikarai

Aminjikarai has 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, making T.P. Chathiram 9th Street's 2024 figure below that median.

• T.P. Chathiram 8th Street: Rs 3,800 per sq.ft (2024)
• T.P. Chathiram East 26th Street: Rs 3,800 per sq.ft (2024)
• T.P. Chathiram 7th Street: Rs 3,800 per sq.ft (2024)
• T.P. Chathiram East 28th Street: Rs 3,800 per sq.ft (2024)
• T.P. Chathiram 6th Street: Rs 3,800 per sq.ft (2024)
• T.P. Chathiram (Eastern Side of Kilpauk Garden Road From street 1 to 4): Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in T.P. Chathiram 9th 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, leading to a total of Rs 3,42,000. It is essential 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 further calculations.

Which Sub Registrar Office covers T.P. Chathiram 9th Street?

The Sub Registrar Office that covers T.P. Chathiram 9th 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 information.

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

The guideline value is a crucial factor when registering 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 the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is important to be aware of the guideline value as it directly impacts the financial aspects of the transaction. Buyers should ensure that the sale price is at least equal to the guideline value to avoid any legal issues during registration.

Frequently asked questions

What is the current guideline value of T.P. Chathiram 9th Street?

The current guideline value of T.P. Chathiram 9th 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 1,000 per sq.ft in 2007 to Rs 3,800 per sq.ft in 2024, reflecting an overall increase of 280% over the years.

What is the stamp duty for properties in T.P. Chathiram 9th Street?

The stamp duty for properties in T.P. Chathiram 9th Street is 7% of the guideline value or sale price, whichever is higher.

Which authority manages the guideline values in Tamil Nadu?

The guideline values in Tamil Nadu are managed by the Registration Department, which maintains the guideline value register.

What is the registration fee for properties in T.P. Chathiram 9th Street?

The registration fee for properties in T.P. Chathiram 9th Street is 2% of the guideline value or sale price, whichever is higher.