Guideline Value for HARIHARAN BAZAR STREET

Hariharan Bazar Street guideline value

The current guideline value of Hariharan Bazar Street is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is located in Ponneri village, under the Ponneri Sub Registrar Office (SRO), and is classified as Residential Special Type - I.

How the guideline value of Hariharan Bazar Street has changed

The guideline value for Hariharan Bazar Street has undergone several revisions over the years. The 2012 revision recorded a value of Rs 800 per sq.ft, which increased to Rs 804 per sq.ft in the 2017 revision, marking a change of +1%. In the 2023 revision, the value remained at Rs 1,200 per sq.ft, which did not change in the subsequent 2024 revision, resulting in a change of +0% from 2023 to 2024. Overall, from 2012 to 2024, the guideline value increased by +50%.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. The 2017 revision shows a significant increase of +49% from the previous 2023 revision.

Guideline values in Ponneri

In Ponneri village, there are 120 streets under the Ponneri SRO that carry a 2024 guideline value, ranging from Rs 201 to Rs 1,200 per sq.ft. The median guideline value in this area is Rs 700 per sq.ft, placing Hariharan Bazar Street's 2024 figure above that median.

• G.V.N. Nagar: Rs 700 per sq.ft (2024)
• Gtm Garden: Rs 900 per sq.ft (2024)
• Golden Avenue: Rs 700 per sq.ft (2024)
• Jayam Nagar: Rs 700 per sq.ft (2024)
• Jayam Vip City Phase II: Rs 900 per sq.ft (2024)
• Ganesh Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Hariharan Bazar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total fees to Rs 1,08,000. 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 details on fees applicable to your property.

Which Sub Registrar Office covers Hariharan Bazar Street?

The Sub Registrar Office that covers Hariharan Bazar Street is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204, in the Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a critical factor in property transactions in Ponneri. It is used to determine the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers must consider the guideline value to ensure compliance with local regulations and avoid any potential legal issues.

When purchasing or selling property, it is essential to be aware of the current guideline value as it directly affects the financial aspects of the transaction. Accurate knowledge of the guideline value helps in planning the budget and understanding the overall costs involved in the property transfer.

Frequently asked questions

What is the current guideline value of Hariharan Bazar Street?

The current guideline value of Hariharan Bazar Street is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 800 per sq.ft in 2012 to Rs 1,200 per sq.ft in 2024, reflecting an overall increase of +50% over this period.

Which Sub Registrar Office covers Hariharan Bazar Street?

The Ponneri Sub Registrar Office covers Hariharan Bazar Street, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

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

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur total fees of Rs 1,08,000.

Where can I find more information about guideline values in Ponneri?

You can find detailed information about guideline values for different streets in Ponneri through the Registration Department's guideline value register (TNReginet).