Guideline Value for HAPPY HOME COLONY

Happy Home Colony guideline value

The current guideline value of Happy Home Colony, located in Koppur village under the Manavalanagar SRO, is Rs 450 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Residential Class I Type - I.

How the guideline value of Happy Home Colony has changed

The guideline value for Happy Home Colony has remained at Rs 450 per sq.ft since the 2023 revision, which also recorded the same figure. Prior to that, the register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002.

In summary, there has been no change in the guideline value from 2023 to 2024, maintaining a consistent rate of Rs 450 per sq.ft. The lack of figures in previous years indicates stability in the guideline value for this particular street.

Guideline values in Koppur

In Koppur, there are 14 streets under the Manavalanagar SRO with a 2024 guideline value ranging from Rs 202 to Rs 1,800 per sq.ft. Happy Home Colony's guideline value is above the median of Rs 400 per sq.ft for this area.

• Maha Nagar: Rs 350 per sq.ft (2024)
• Mahidara Sarovar: Rs 250 per sq.ft (2024)
• Senthoor Nagar: Rs 450 per sq.ft (2024)
• Aura Residences Phase -3: Rs 1,800 per sq.ft (2024)
• Green Homes: Rs 450 per sq.ft (2024)
• Green Homes Part 3: Rs 450 per sq.ft (2024)

Stamp duty and registration fee for property in Happy Home Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 450 per sq.ft, the total guideline value would be Rs 4,50,000. The stamp duty at 7% would amount to Rs 31,500, and the registration fee at 2% would be Rs 9,000, making the total charges Rs 40,500. 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 Happy Home Colony?

The Sub Registrar Office that covers Happy Home Colony is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process of property transactions in Koppur. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Happy Home Colony?

The current guideline value of Happy Home Colony is Rs 450 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Happy Home Colony has remained at Rs 450 per sq.ft since the 2023 revision. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the median guideline value for streets in Koppur?

The median guideline value for streets in Koppur is Rs 400 per sq.ft. Happy Home Colony's guideline value is above this median at Rs 450 per sq.ft.

What are the stamp duty and registration fees for property in Happy Home Colony?

For a 1,000 sq.ft plot, the total guideline value would be Rs 4,50,000. The stamp duty would be Rs 31,500, and the registration fee would be Rs 9,000, totaling Rs 40,500.

Which office handles property registrations for Happy Home Colony?

The Manavalanagar Sub Registrar Office handles property registrations for Happy Home Colony. It is located on Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.