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Guideline Value

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Guideline Value for T.P. Chathiram West Side 11th Street

₹3800/sq.ft.

The guideline value for T.p. Chathiram West Side 11th Street in Aminjikarai village (Annanagar SRO, Chennai zone) is Rs 3800 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Iii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Aminjikarai

Village

AnnaNagar

SRO

Residential Class III Type - II
History
Period Guideline Value
From 1-7-2024 ₹3800 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1000 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 ₹355 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 ( Near By Nolambur Eb Office )
044-29561062
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on T.p. Chathiram West Side 11th Street

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T.P. Chathiram West Side 11th Street guideline value

The current guideline value for T.P. Chathiram West Side 11th Street is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Aminjikarai village, under the AnnaNagar SRO, and is classified as Residential Class III Type - II.

How the guideline value of T.P. Chathiram West Side 11th Street has changed

The guideline value for T.P. Chathiram West Side 11th Street has undergone several revisions over the years. Starting from the 2002 revision, the value was Rs 355 per sq.ft. It increased significantly to Rs 1,000 per sq.ft in 2007, marking a 182% rise. The value remained at Rs 1,000 per sq.ft until the 2012 revision, where it increased to Rs 3,500 per sq.ft, reflecting a 250% increase. However, the 2017 revision saw a decrease to Rs 2,345 per sq.ft, a drop of 33% from the previous figure. The value then rose to Rs 3,500 per sq.ft in 2023, and finally to Rs 3,800 per sq.ft in 2024, marking a 9% increase from the previous year.

It is important to note that the register has no figure for T.P. Chathiram West Side 11th Street for the year 2003. Overall, from 2002 to 2024, the guideline value has increased by 970%.

Guideline values in Aminjikarai

Aminjikarai village 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 value is Rs 4,400 per sq.ft, placing T.P. Chathiram West Side 11th Street's 2024 figure below this median.

Stamp duty and registration fee for property in T.P. Chathiram West Side 11th 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 cost 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. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers T.P. Chathiram West Side 11th Street?

The Sub Registrar Office that covers T.P. Chathiram West Side 11th 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 an essential factor when buying or selling property in Aminjikarai, as it determines the minimum value at which a property can be registered. Buyers must be aware that the guideline value can influence the overall cost of purchasing property, including applicable duties and fees.

During the registration process, the guideline value is used to calculate stamp duty and registration fees. It is crucial for buyers and sellers to understand these values to ensure compliance with local regulations and to avoid any unexpected costs during the transaction.

Frequently asked questions

What is the current guideline value of T.P. Chathiram West Side 11th Street?

The current guideline value of T.P. Chathiram West Side 11th 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 stamp duty and registration fees for property in this area?

For a property valued at Rs 38,00,000, the stamp duty would be Rs 2,66,000, and the registration fee would be Rs 76,000, totaling Rs 3,42,000.

Which Sub Registrar Office is responsible for T.P. Chathiram West Side 11th Street?

The AnnaNagar Sub Registrar Office is responsible for T.P. Chathiram West Side 11th Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How does the guideline value affect property transactions?

The guideline value affects property transactions by determining the minimum registration value, which influences the stamp duty and registration fees. Buyers and sellers must consider these values during the transaction process.