Guideline Value for HARICHANDRAN 3RD CROSS STREET

Harichandran 3rd Cross Street guideline value

The current guideline value of Harichandran 3rd Cross Street is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Enjambakkam village and falls under the Neelankarai SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Harichandran 3rd Cross Street has changed

Over the years, the guideline value of Harichandran 3rd Cross Street 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 significantly to Rs 2,500 per sq.ft in 2023, and finally reached Rs 2,800 per sq.ft in the 2024 revision, marking a 12% increase from the previous year.

From 2017 to 2023, there was a substantial increase of 49%. Notably, the value decreased by 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 12%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO, with 2024 guideline values ranging from Rs 1,100 to Rs 7,200 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Harichandran 3rd Cross Street's 2024 figure above this median.

• HARICHANDRA 3rd CROSS: 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 Harichandran 3rd Cross Street

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, the total cost for stamp duty and registration fees would be Rs 2,52,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Harichandran 3rd Cross Street?

The Sub Registrar Office that covers Harichandran 3rd Cross Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Enjambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. The value is set by the government and is revised periodically, reflecting changes in the real estate market.

When a property is registered, the guideline value is used to calculate the applicable fees. Buyers and sellers must ensure that the transaction adheres to these values to avoid legal complications. It is essential to stay informed about the current guideline values to facilitate smooth property transactions.

Frequently asked questions

What is the current guideline value of Harichandran 3rd Cross Street?

The current guideline value of Harichandran 3rd Cross Street 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 2023 to Rs 2,800 per sq.ft in 2024. It was Rs 1,675 per sq.ft in 2017 and Rs 2,500 per sq.ft in 2012.

What is the land classification for Harichandran 3rd Cross Street?

The land classification for Harichandran 3rd Cross Street is Residential Class II Type - I.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 28,00,000, the stamp duty would be Rs 1,96,000 and the registration fee would be Rs 56,000, totaling Rs 2,52,000.

Which Sub Registrar Office covers this street?

The Neelankarai Sub Registrar Office covers Harichandran 3rd Cross Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.