Guideline Value for HARI SAI NAGAR

Hari Sai Nagar guideline value

The current guideline value of Hari Sai Nagar is Rs 3,290 per sq.ft, effective from 1 July 2024. This area is located in Kolumanivakkam village under the Kunrathur SRO, classified as Mixed Type - I land.

How the guideline value of Hari Sai Nagar has changed

The guideline value for Hari Sai Nagar has seen significant changes over the years. In the 2017 revision, the value was Rs 2,000 per sq.ft. This increased to Rs 2,986 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 set the value at Rs 3,290 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 65%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kolumanivakkam

In Kolumanivakkam, there are 47 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 3,290 per sq.ft. The median value for these streets is Rs 1,350 per sq.ft, placing Hari Sai Nagar's 2024 figure above that median.

• Golden City: Rs 1,210 per sq.ft (2024)
• Jai Nagar: Rs 990 per sq.ft (2024)
• J.R Garden ஜெ.ஆர். கார்ட‌ன்: Rs 2,630 per sq.ft (2024)
• Eswari Nagar Extension: Rs 2,630 per sq.ft (2024)
• Eswari Nagar: Rs 2,630 per sq.ft (2024)
• Dhana Garden: Rs 1,350 per sq.ft (2024)

Stamp duty and registration fee for property in Hari Sai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,290 per sq.ft, the total guideline value amounts to Rs 32,90,000. The stamp duty at 7% would be Rs 2,30,300, and the registration fee at 2% would be Rs 65,800, totaling Rs 2,96,100. 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 more information.

Which Sub Registrar Office covers Hari Sai Nagar?

The Sub Registrar Office that covers Hari Sai Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kolumanivakkam. It helps determine the stamp duty and registration fees that need to be paid, ensuring that both parties are aware of the financial implications involved in the transaction.

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 correct amount of revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Hari Sai Nagar?

The current guideline value of Hari Sai Nagar is Rs 3,290 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 2,000 per sq.ft to Rs 3,290 per sq.ft, which is a total increase of 65% over the years.

What is the registration office for Hari Sai Nagar?

The registration office for Hari Sai Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated in Kolumanivakkam?

Stamp duty in Kolumanivakkam is calculated based on the higher of the guideline value or the sale price of the property. The current rate is 7% for stamp duty and 2% for the registration fee.

What are the guideline values of other streets in Kolumanivakkam?

Other streets in Kolumanivakkam have varying guideline values. For example, Golden City is Rs 1,210 per sq.ft, Jai Nagar is Rs 990 per sq.ft, and J.R Garden is Rs 2,630 per sq.ft as per the 2024 revision.