Guideline Value for HARIBABU STREET

Haribabu Street guideline value

The current guideline value of Haribabu Street in Puliyur village is Rs 5,800 per sq.ft, effective from 1 July 2024. This street falls under the Kodambakkam SRO and is classified as Residential Class I Type - I.

How the guideline value of Haribabu Street has changed

The guideline value for Haribabu Street has seen several revisions over the years. In the 2003 revision, the value was Rs 873 per sq.ft, which increased significantly to Rs 1,300 per sq.ft in 2007. The value then rose dramatically to Rs 5,300 per sq.ft in 2012, but saw a decrease to Rs 3,551 per sq.ft in 2017. The 2023 revision brought the value back up to Rs 5,300 per sq.ft, and the latest revision in 2024 has set the value at Rs 5,800 per sq.ft. Notably, there is no figure available for the year 2002 in the register for this street.

When examining the changes, we see that from 2003 to 2007, the guideline value increased by 49%. Following that, there was a substantial rise of 308% from 2007 to 2012. However, the value decreased by 33% from 2012 to 2017. The next increase was significant, with a 49% rise from 2017 to 2023. Finally, the value increased by 9% from 2023 to 2024. Overall, from 2003 to 2024, the guideline value has increased by 564%.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value for these streets is Rs 5,800 per sq.ft, which matches the current value of Haribabu Street.

• Hasthagiri Street: Rs 5,800 per sq.ft (2024)
• Guhan Street: Rs 4,400 per sq.ft (2024)
• Inbarajapuram 1st Street: Rs 4,600 per sq.ft (2024)
• Inbarajapuram 2nd Street: Rs 4,600 per sq.ft (2024)
• Inbarajapuram Main Road: Rs 4,600 per sq.ft (2024)
• Govindaraj Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Haribabu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,800 per sq.ft, the total guideline value amounts to Rs 58,00,000. The stamp duty at 7% would be Rs 4,06,000, and the registration fee at 2% would be Rs 1,16,000, bringing the total cost for these fees to Rs 5,22,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Haribabu Street?

The Sub Registrar Office that covers Haribabu Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Puliyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. The guideline value ensures that the property is assessed fairly for taxation purposes.

When a property is registered, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This means that understanding the current guideline value is essential for both buyers and sellers to accurately calculate the total costs involved in the transaction.

Frequently asked questions

What is the current guideline value of Haribabu Street?

The current guideline value of Haribabu Street is Rs 5,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly over the years, with the most recent revision in 2024 showing an increase from Rs 5,300 per sq.ft in 2023 to Rs 5,800 per sq.ft.

What is the land classification for Haribabu Street?

Haribabu Street is classified as Residential Class I Type - I, which indicates its suitability for residential purposes.

Where is the Kodambakkam Sub Registrar Office located?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is the stamp duty calculated for properties in Puliyur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. The current guideline value for Haribabu Street is Rs 5,800 per sq.ft, which is used to determine the applicable stamp duty and registration fees.