Guideline Value for HARBOUR MAIN ROAD

Harbour Main Road guideline value

The current guideline value of Harbour Main Road in Thirusulam village is Rs 1,940 per sq.ft, effective from 1 July 2024. This street falls under the Pallavaram Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.

How the guideline value of Harbour Main Road has changed

The guideline value for Harbour Main Road has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 1,800 per sq.ft. This was followed by a decrease to Rs 1,206 per sq.ft in 2017, marking a decline of 33%. In 2023, the value increased to Rs 1,800 per sq.ft, and then further rose to the current value of Rs 1,940 per sq.ft in 2024, reflecting an 8% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%. Overall, the guideline value has increased by 8% from the 2012 figure to the current 2024 value. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thirusulam

In Thirusulam, there are 74 streets under the Pallavaram SRO with a 2024 guideline value ranging from Rs 1,080 to Rs 2,750 per sq.ft. The median value among these streets is Rs 1,940 per sq.ft, which is the same as the current guideline value for Harbour Main Road.

• Indira Nagar: Rs 1,940 per sq.ft (2024)
• Indira Nagar Annai Indira Gandhi Street: Rs 1,940 per sq.ft (2024)
• Indira Nagar Bharthi Street: Rs 1,940 per sq.ft (2024)
• Indira Nagar M.G.R Street: Rs 1,940 per sq.ft (2024)
• Govt Group House Hghway Salai 1,2,3: Rs 1,940 per sq.ft (2024)
• Govt Group House 1 To 4 Streets: Rs 1,940 per sq.ft (2024)

Stamp duty and registration fee for property in Harbour Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,940 per sq.ft, the total guideline value amounts to Rs 19,40,000. The stamp duty at 7% would be Rs 1,35,800, and the registration fee at 2% would be Rs 38,800. Therefore, the total cost for these fees would be Rs 1,74,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Harbour Main Road?

The Harbour Main Road is covered by the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Thirusulam. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that these charges are calculated fairly based on the property's value.

When a property is sold, the guideline value helps in establishing a minimum price for registration purposes. Buyers and sellers should be aware that the guideline value may differ from the actual sale price, and the higher amount will be used for calculating the applicable duties and fees.

Frequently asked questions

What is the current guideline value of Harbour Main Road?

The current guideline value of Harbour Main Road is Rs 1,940 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then back to Rs 1,800 in 2023, and finally to Rs 1,940 in 2024.

What is the land classification of Harbour Main Road?

Harbour Main Road is classified as Residential Class II Type - I under the Pallavaram SRO.

Where can I find the Sub Registrar Office for Harbour Main Road?

The Sub Registrar Office for Harbour Main Road is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot of 1,000 sq.ft at the current guideline value, the total fees would amount to Rs 1,74,600.