Guideline Value for Compact Homes Haripriya

Compact Homes Haripriya guideline value

The current guideline value of Compact Homes Haripriya in Kannivakkam village is Rs 1,493 per sq.ft, effective from the 2024 revision. This property falls under the jurisdiction of the Thiruporur SRO and is classified as Mixed Special Type - III land.

How the guideline value of Compact Homes Haripriya has changed

Since the 2017 revision, the guideline value for Compact Homes Haripriya has seen an increase from Rs 1,000 per sq.ft to Rs 1,493 per sq.ft in 2024, marking a significant rise of 49%. The 2023 revision maintained the same guideline value of Rs 1,493 per sq.ft as in 2024, indicating no change between these two years.

Prior to 2017, the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. The 2017 revision was the first to set a guideline value for Compact Homes Haripriya, and since then, the value has consistently increased by 49% up to the current rate.

Guideline values in Kannivakkam

In Kannivakkam, there are 32 streets under the Thiruporur SRO that have a 2024 guideline value ranging from Rs 450 to Rs 2,389 per sq.ft, with a median value of Rs 1,050 per sq.ft. The guideline value for Compact Homes Haripriya is above this median, indicating a higher valuation compared to many other streets.

• Century Park: Rs 1,642 per sq.ft (2024)
• Dvr Sarathi Nagar: Rs 1,500 per sq.ft (2024)
• Dvr Sarathi Nagar Phase I: Rs 1,500 per sq.ft (2024)
• Ezhil Nagar: Rs 800 per sq.ft (2024)
• Balasubramaniyam Nagar: Rs 1,600 per sq.ft (2024)
• Ge Avenue: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Compact Homes Haripriya

For a 1,000 sq.ft plot at the current guideline value of Rs 1,493 per sq.ft, the total guideline value would be Rs 14,93,000. The stamp duty at 7% would amount to Rs 1,04,510, while the registration fee at 2% would be Rs 29,860, bringing the total to Rs 1,34,370. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Compact Homes Haripriya?

The Compact Homes Haripriya property falls under the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Kannivakkam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees.

It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements and to understand the financial implications of the transaction.

Frequently asked questions

What is the current guideline value for Compact Homes Haripriya?

The current guideline value for Compact Homes Haripriya is Rs 1,493 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 1,000 per sq.ft to Rs 1,493 per sq.ft in 2024, reflecting a 49% rise. The 2023 revision maintained the same value as in 2024, indicating no change between these two years.

What are the other streets in Kannivakkam and their guideline values?

Other streets in Kannivakkam include Century Park at Rs 1,642 per sq.ft, Dvr Sarathi Nagar and Dvr Sarathi Nagar Phase I at Rs 1,500 per sq.ft, Balasubramaniyam Nagar at Rs 1,600 per sq.ft, and Ezhil Nagar and Ge Avenue at Rs 800 per sq.ft.

What is the stamp duty rate for properties in Compact Homes Haripriya?

The stamp duty rate for properties in Compact Homes Haripriya is 7% of the guideline value or the sale price, whichever is higher. This is applicable during the registration of the property.

Where can I find the Sub Registrar Office for Compact Homes Haripriya?

The Sub Registrar Office covering Compact Homes Haripriya is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.