Guideline Value for HARI PRASAD NAGAR

Hari Prasad Nagar guideline value

The current guideline value of Hari Prasad Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Polivakkam village and falls under the Manavalanagar SRO. The land classification for this area is Residential Class IV Type - III.

How the guideline value of Hari Prasad Nagar has changed

According to the guideline value register, there are no figures for Hari Prasad Nagar for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision also recorded a guideline value of Rs 1,000 per sq.ft, which remained unchanged in the 2024 revision, indicating a 0% change between these two years.

The most recent revision, effective from 1 July 2024, maintains the guideline value at Rs 1,000 per sq.ft. This consistency across the last two revisions suggests stability in the valuation for this street.

Guideline values in Polivakkam

Polivakkam village has a total of 80 streets under the Manavalanagar SRO, with 2024 guideline values ranging from Rs 350 to Rs 1,500 per sq.ft. The median guideline value for the village is Rs 500 per sq.ft, placing Hari Prasad Nagar's 2024 figure above this median.

• Hariprasad Nagar Extension: Rs 670 per sq.ft (2024)
• Gold Green Co-Operative Nagar: Rs 450 per sq.ft (2024)
• Anugriha City: Rs 800 per sq.ft (2024)
• P.G.S.Garden: Rs 500 per sq.ft (2024)
• Shri Sai Garden Annex: Rs 550 per sq.ft (2024)
• Sri Ponniamman Nagar: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Hari Prasad Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty, calculated at 7%, would be Rs 70,000, while the registration fee at 2% would be Rs 20,000, leading to a total of Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Hari Prasad Nagar?

The Sub Registrar Office that covers Hari Prasad Nagar is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.

You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Polivakkam. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Hari Prasad Nagar?

The current guideline value of Hari Prasad Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There have been no figures for Hari Prasad Nagar in the years 2002, 2003, 2007, 2012, and 2017. The guideline value was Rs 1,000 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years.

What is the land classification of Hari Prasad Nagar?

The land classification for Hari Prasad Nagar is Residential Class IV Type - III, which indicates its designation for residential purposes.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 10,00,000 in Hari Prasad Nagar, the stamp duty would be Rs 70,000, and the registration fee would be Rs 20,000, totaling Rs 90,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Hari Prasad Nagar?

The Sub Registrar Office for Hari Prasad Nagar is located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find more details online.