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_2 village under the Ponneri SRO and is classified as Residential Special Type - I.

How the guideline value of Hariharan Bazar Street has changed

In the 2017 revision, the guideline value for Hariharan Bazar Street was Rs 804 per sq.ft. It saw a significant increase of 49% by the 2023 revision, where it remained at Rs 1,200 per sq.ft. The 2024 revision also maintains this figure, showing no change from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Ponneri_2

Ponneri_2 has a total of 75 streets under the Ponneri SRO, with guideline values ranging from Rs 700 to Rs 1,300 per sq.ft as per the 2024 revision. The median value for these streets is Rs 700 per sq.ft, and Hariharan Bazar Street's value is above this median.

• Hariharan Bazar: Rs 1,200 per sq.ft (2024)
• Gtm Garden: Rs 702 per sq.ft (2024)
• Golden Avenue: Rs 700 per sq.ft (2024)
• Jayammal Nagar: Rs 700 per sq.ft (2024)
• Gandhi Road: Rs 702 per sq.ft (2024)
• Kallukadai Medu: 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 amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, making the total cost for these fees Rs 1,08,000. 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 details.

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. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Ponneri_2

The guideline value is an essential factor during the registration of property transactions in Ponneri_2. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps establish the minimum value for transactions. It is crucial for both buyers and sellers to be aware of this value to understand the financial implications of their property dealings.

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 much has the guideline value changed since 2017?

Since 2017, the guideline value of Hariharan Bazar Street has increased by 49%, from Rs 804 per sq.ft to Rs 1,200 per sq.ft as of 2024.

What are the other streets in Ponneri_2 and their guideline values?

Other streets in Ponneri_2 include Gtm Garden at Rs 702 per sq.ft, Golden Avenue at Rs 700 per sq.ft, Jayammal Nagar at Rs 700 per sq.ft, Gandhi Road at Rs 702 per sq.ft, and Kallukadai Medu at Rs 700 per sq.ft as per the 2024 revision.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles the registration of properties in the area.

How is the stamp duty calculated for properties in Hariharan Bazar Street?

Stamp duty for properties in Hariharan Bazar Street is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 12,00,000, the stamp duty would be Rs 84,000.