Guideline Value for T.P.Chatram

T.P.Chatram guideline value

The current guideline value of T.P.Chatram is Rs 3,400 per sq.ft, effective from 1 July 2024. This area is located in Egmore village under the Periamet SRO, classified as Residential Class III Type - II.

How the guideline value of T.P.Chatram has changed

The guideline value of T.P.Chatram has undergone several revisions over the years. The 2007 revision set the value at Rs 1,000 per sq.ft, which increased significantly to Rs 3,100 per sq.ft in 2012. However, it saw a decrease to Rs 2,077 per sq.ft in 2017, before rising to Rs 3,100 per sq.ft again in 2023, and finally reaching Rs 3,400 per sq.ft in the 2024 revision. The register has no figure for this street in 2002 and 2003.

From 2017 to 2023, the value increased by 49%, while from 2012 to 2017, it decreased by 33%. The 2007 to 2012 period saw a substantial increase of 210%. Overall, from 2007 to 2024, the guideline value has increased by 240%.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO with a 2024 guideline value ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median guideline value in this area is Rs 7,100 per sq.ft, positioning T.P.Chatram's value below this median.

• Transport Lane: Rs 3,900 per sq.ft (2024)
• Umayal Street: Rs 11,000 per sq.ft (2024)
• Thulasinga Naicken strreet: Rs 3,900 per sq.ft (2024)
• Thiygappa Mudali 3rd lane: Rs 7,100 per sq.ft (2024)
• Thiygappa Mudali street: Rs 7,100 per sq.ft (2024)
• Thiygappa Mudali 2nd lane: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in T.P.Chatram

For a 1,000 sq.ft plot at the current guideline value of Rs 3,400 per sq.ft, the total guideline value would be Rs 34,00,000. The stamp duty at 7% would amount to Rs 2,38,000, and the registration fee at 2% would be Rs 68,000, bringing the total to Rs 3,06,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers T.P.Chatram?

T.P.Chatram falls under the Periamet Sub Registrar Office located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Egmore. It serves as a benchmark for determining the stamp duty and registration fees payable to the government.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate fees are collected. Buyers should always check the current guideline value to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of T.P.Chatram?

The current guideline value of T.P.Chatram is Rs 3,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 1,000 per sq.ft in 2007 to Rs 3,400 per sq.ft in 2024, which is an overall increase of 240%.

What is the median guideline value of streets in Egmore?

The median guideline value of streets in Egmore is Rs 7,100 per sq.ft, with T.P.Chatram's value being below this median.

What are the stamp duty and registration fees for T.P.Chatram?

For a property valued at Rs 34,00,000, the stamp duty would be Rs 2,38,000 and the registration fee would be Rs 68,000, totaling Rs 3,06,000.

Which office do I need to visit for registration in T.P.Chatram?

The Periamet Sub Registrar Office at 1103, Poonamallee High Road, Chennai-600 003 covers T.P.Chatram for registration purposes.