Guideline Value for T.P. Chathiram East 26th Street

T.P. Chathiram East 26th Street guideline value

The current guideline value for T.P. Chathiram East 26th 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 East 26th Street has changed

The guideline value for T.P. Chathiram East 26th Street has seen several revisions over the years. The 2007 revision set the value at Rs 1,000 per sq.ft, which increased significantly to Rs 3,500 per sq.ft in 2012. However, this figure dropped to Rs 2,345 per sq.ft in 2017, marking a decrease of 33%. The value then rose to Rs 3,500 per sq.ft in 2023, before reaching the current rate of Rs 3,800 per sq.ft in 2024, reflecting a 9% increase from the previous year.

Notably, the register has no figures for the years 2002 and 2003 for this street. Overall, the guideline value has increased by 280% from Rs 1,000 per sq.ft in 2007 to Rs 3,800 per sq.ft in 2024.

Guideline values in Aminjikarai

Aminjikarai has a range of guideline values across its 99 streets under the AnnaNagar SRO, with the 2024 figures 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 East 26th Street's 2024 figure below the median.

• T.P. Chathiram 9th Street: Rs 3,800 per sq.ft (2024)
• T.P. Chathiram East 28th Street: Rs 3,800 per sq.ft (2024)
• T.P. Chathiram 8th 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)
• T.P. Chathiram 7th Street: Rs 3,800 per sq.ft (2024)
• T.P. Chathiram East Side 30th Street: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in T.P. Chathiram East 26th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value would be Rs 38,00,000. The stamp duty at 7% would amount to Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total fees to Rs 3,42,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers T.P. Chathiram East 26th Street?

The Sub Registrar Office that covers T.P. Chathiram East 26th Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near Nolambur Eb Office. You can find your SRO for more information.

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

When buying or selling property in Aminjikarai, the guideline value plays a crucial role in determining the stamp duty and registration fees. Buyers must pay these fees based on the guideline value or the sale price, whichever is higher, ensuring that the transaction is legally recognized.

Understanding the guideline value is essential for both buyers and sellers, as it helps in estimating the total costs involved in property transactions. It is advisable to check the latest guideline values before proceeding with any real estate dealings.

Frequently asked questions

What is the current guideline value for T.P. Chathiram East 26th Street?

The current guideline value for T.P. Chathiram East 26th 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 1,000 per sq.ft in 2007 to Rs 3,800 per sq.ft in 2024, reflecting an overall increase of 280%.

What are the stamp duty and registration fees for this street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would be Rs 3,42,000, calculated based on the guideline value of Rs 38,00,000.

Which office handles registrations for T.P. Chathiram East 26th Street?

The AnnaNagar Sub Registrar Office handles registrations for T.P. Chathiram East 26th Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for T.P. Chathiram East 26th Street?

The land classification for T.P. Chathiram East 26th Street is Residential Class III Type - II.