Guideline Value for HAPPINEST PHASE IV

Happinest Phase IV guideline value

The current guideline value of Happinest Phase IV is Rs 2,873 per sq.ft, effective from 1 July 2024. This property is located in Kalavakkam village, under the Thiruporur SRO, and is classified as Mixed Type - I land.

How the guideline value of Happinest Phase IV has changed

In the 2023 revision, the guideline value for Happinest Phase IV was Rs 2,612 per sq.ft. The latest revision in 2024 has increased this figure to Rs 2,873 per sq.ft, marking a change of +10%. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Thus, the only revisions available for Happinest Phase IV are from 2023 and 2024, with the significant increase occurring between these two years.

Guideline values in Kalavakkam

In Kalavakkam, there are 27 streets under the Thiruporur SRO that carry a 2024 guideline value ranging from Rs 1,816 to Rs 4,250 per sq.ft. The median value for these streets is Rs 2,463 per sq.ft, placing Happinest Phase IV above this median.

• Happinest Phase III: Rs 2,873 per sq.ft (2024)
• Happinest Phase V: Rs 2,873 per sq.ft (2024)
• Happinest Phase II: Rs 1,925 per sq.ft (2024)
• Happinest: Rs 2,873 per sq.ft (2024)
• Jayam Properties: Rs 2,200 per sq.ft (2024)
• Kandhan Kottam: Rs 1,925 per sq.ft (2024)

Stamp duty and registration fee for property in Happinest Phase IV

For a 1,000 sq.ft plot at the current rate of Rs 2,873 per sq.ft, the guideline value amounts to Rs 28,73,000. The stamp duty at 7% would be Rs 2,01,110, and the registration fee at 2% would be Rs 57,460, totaling Rs 2,58,570. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Happinest Phase IV?

The Sub Registrar Office covering Happinest Phase IV is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering a property in Kalavakkam. It determines the minimum value at which a property can be sold or bought, ensuring that the transaction is recorded accurately for legal and taxation purposes.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial implications of the transaction based on the established guideline value.

Frequently asked questions

What is the current guideline value of Happinest Phase IV?

The current guideline value of Happinest Phase IV is Rs 2,873 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Happinest Phase IV was Rs 2,612 per sq.ft in 2023, which increased to Rs 2,873 per sq.ft in 2024. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What are the guideline values for other streets in Kalavakkam?

Other streets in Kalavakkam have guideline values ranging from Rs 1,816 to Rs 4,250 per sq.ft, with a median value of Rs 2,463 per sq.ft. Happinest Phase IV's value is above this median.

What are the stamp duty and registration fees for a property in Happinest Phase IV?

For a 1,000 sq.ft plot, the total guideline value is Rs 28,73,000. The stamp duty at 7% is Rs 2,01,110, and the registration fee at 2% is Rs 57,460, totaling Rs 2,58,570.

Where is the Sub Registrar Office for Happinest Phase IV located?

The Sub Registrar Office for Happinest Phase IV is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.