Guideline Value for HARI GOLD CITY

Hari Gold City guideline value

The current guideline value of Hari Gold City, located in Veligaram village under the Pallipattu SRO, is Rs 102 per sq.ft as per the 2024 revision. This area is classified as Residential Class IV Type - I.

How the guideline value of Hari Gold City has changed

The guideline value for Hari Gold City has seen several revisions over the years. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 100 per sq.ft, which was an increase from the previous revisions. The most recent 2024 revision has increased this value to Rs 102 per sq.ft, reflecting a change of +2% from the 2023 figure.

This consistent upward movement in the guideline value indicates adjustments made to reflect the area's development. The 2024 figure of Rs 102 per sq.ft remains below the median value of Rs 126 per sq.ft for the six streets in Veligaram under the Pallipattu SRO.

Guideline values in Veligaram

In Veligaram, there are six streets with a 2024 guideline value ranging from Rs 102 to Rs 200 per sq.ft. The guideline value of Hari Gold City is below the median of Rs 126 per sq.ft for these streets.

• Right Choice Thirumala Garden: Rs 150 per sq.ft (2024)
• Somanatha Eswarar Nagar: Rs 102 per sq.ft (2024)
• Sri Annamalaiyar Nagar: Rs 200 per sq.ft (2024)
• Sri Lakshmi Narasimma Nagar: Rs 102 per sq.ft (2024)
• Sri Thanigai Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Hari Gold City

For a 1,000 sq.ft plot at the current guideline value of Rs 102 per sq.ft, the total guideline value amounts to Rs 1,02,000. The stamp duty at 7% would be Rs 7,140, and the registration fee at 2% would be Rs 2,040, bringing the total cost for these fees to Rs 9,180. 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 Hari Gold City?

The Sub Registrar Office that covers Hari Gold City is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207. For more information, you can find your SRO.

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

The guideline value plays a crucial role when buying or selling property in Veligaram. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must consider this value as it directly affects the overall cost of the transaction.

When a property is registered, the guideline value is assessed to ensure that the appropriate fees are collected based on the official valuation of the property. This process helps maintain transparency and consistency in property transactions within the area.

Frequently asked questions

What is the current guideline value of Hari Gold City?

The current guideline value of Hari Gold City is Rs 102 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2023 to Rs 102 per sq.ft in 2024, reflecting a +2% increase. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Hari Gold City?

Hari Gold City is classified as Residential Class IV Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in Hari Gold City?

For a property valued at Rs 1,02,000, the stamp duty is Rs 7,140 and the registration fee is Rs 2,040, totaling Rs 9,180. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Hari Gold City located?

The Pallipattu Sub Registrar Office is located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207. This office handles the registration of properties in Hari Gold City.