Guideline Value for HARICHANDRA 3rd CROSS

HARICHANDRA 3rd CROSS guideline value

The current guideline value of HARICHANDRA 3rd CROSS is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Enjambakkam village under the Neelankarai SRO and is classified as Residential Class II Type - I.

How the guideline value of HARICHANDRA 3rd CROSS has changed

Over the years, the guideline value for HARICHANDRA 3rd CROSS has seen several revisions. The 2012 revision set the value at Rs 2,500 per sq.ft, which was then reduced to Rs 1,675 per sq.ft in the 2017 revision. Following this, the value increased to Rs 2,500 per sq.ft in 2023, and finally, it rose to Rs 2,800 per sq.ft in the 2024 revision. The register has no figure for the years 2002, 2003, and 2007.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. The transition from 2023 to 2024 saw a 12% increase. Overall, comparing the 2012 revision to the 2024 revision, there has been a 12% increase in the guideline value.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 7,200 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing HARICHANDRA 3rd CROSS above that median.

• Harichandran 3rd Cross Street: Rs 2,800 per sq.ft (2024)
• Guru Enclave: Rs 1,700 per sq.ft (2024)
• Hil Christ Form: Rs 2,200 per sq.ft (2024)
• Ibrahim Street: Rs 1,700 per sq.ft (2024)
• Gowri Ammn Koil Street (Near Ecr): Rs 3,300 per sq.ft (2024)
• Gowri Amman Koil Street: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in HARICHANDRA 3rd CROSS

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value would be Rs 28,00,000. The stamp duty at 7% would amount to Rs 1,96,000, and the registration fee at 2% would be Rs 56,000. Together, these fees would total Rs 2,52,000. 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 detailed calculations.

Which Sub Registrar Office covers HARICHANDRA 3rd CROSS?

The HARICHANDRA 3rd CROSS street falls under the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration of property transactions in Enjambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value helps establish the transaction price for legal and taxation purposes. It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of HARICHANDRA 3rd CROSS?

The current guideline value of HARICHANDRA 3rd CROSS is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,800 per sq.ft in 2024.

What is the land classification for HARICHANDRA 3rd CROSS?

HARICHANDRA 3rd CROSS is classified as Residential Class II Type - I.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is stamp duty calculated for property in HARICHANDRA 3rd CROSS?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 2,800 per sq.ft, the stamp duty would be Rs 1,96,000.