Guideline Value for HARIHARAN BAZAR

Hariharan Bazar guideline value

The current guideline value of Hariharan Bazar, located in Ponneri_2 village under the Ponneri SRO, is Rs 1,200 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Hariharan Bazar has changed

The guideline value for Hariharan Bazar has seen significant changes over the years. In the 2023 revision, the value was Rs 800 per sq.ft, which increased to Rs 1,200 per sq.ft in the 2024 revision, marking a change of +50%. There are no figures available for the revisions in the years 2002, 2003, 2007, 2012, and 2017 for this street.

The latest revision in 2024 reflects a substantial increase from the previous year, indicating a notable adjustment in the guideline value. The 2023 figure of Rs 800 per sq.ft was significantly lower than the current value, highlighting the recent upward trend in the guideline value for this area.

Guideline values in Ponneri_2

Ponneri_2 village has a range of guideline values across its 75 streets under the Ponneri SRO, with values varying from Rs 700 to Rs 1,300 per sq.ft. The median guideline value for the village is Rs 700 per sq.ft, placing Hariharan Bazar's 2024 figure above this median.

• Hariharan Bazar Street: 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

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, resulting in a total of 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Hariharan Bazar?

The Sub Registrar Office that covers Hariharan Bazar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions within Ponneri_2. It is used to determine the stamp duty and registration fees applicable during the registration of property transactions. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When purchasing property, the guideline value is considered the minimum value for calculating the stamp duty, which is charged at a specified percentage. This ensures that the government receives appropriate revenue from property transactions, reflecting the value of the property being registered.

Frequently asked questions

What is the current guideline value of Hariharan Bazar?

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

How much did the guideline value change from 2023 to 2024?

The guideline value changed from Rs 800 per sq.ft in 2023 to Rs 1,200 per sq.ft in 2024, reflecting an increase of +50%.

Are there any previous revisions for Hariharan Bazar?

The register has no figures for the revisions in the years 2002, 2003, 2007, 2012, and 2017 for Hariharan Bazar.

What is the land classification for Hariharan Bazar?

The land classification for Hariharan Bazar is Residential Special Type - I.

Where is the Sub Registrar Office for Hariharan Bazar located?

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