Guideline Value for HARIJAN COLONY

Harijan Colony guideline value

The current guideline value of Harijan Colony, located in Kadappakkam village under the Thiruvottiyur SRO, is Rs 1,001 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - III.

How the guideline value of Harijan Colony has changed

The guideline value for Harijan Colony has seen significant changes over the years. In 2002, the value was Rs 20 per sq.ft, which increased to Rs 22 per sq.ft in 2003. The next revision in 2007 set the value at Rs 100 per sq.ft, followed by Rs 400 per sq.ft in 2012. By 2017, the value rose to Rs 268 per sq.ft, and in 2023, it reached Rs 1,000 per sq.ft. The most recent revision in 2024 has set the guideline value at Rs 1,001 per sq.ft, showing no change from the previous year.

Notably, there are no figures available for the revisions in the register for the years not mentioned. The percentage changes from one revision to the next highlight the fluctuations in the guideline value, with a remarkable increase of 4905% from 2002 to 2024.

Guideline values in Kadappakkam

Kadappakkam village has 17 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,001 to Rs 1,200 per sq.ft, with a median value of Rs 1,002 per sq.ft. Harijan Colony's current guideline value is below this median.

• Kamarajpuram: Rs 1,002 per sq.ft (2024)
• Kanniyamman Pettai: Rs 1,002 per sq.ft (2024)
• K.G.L. Nagar: Rs 1,002 per sq.ft (2024)
• Chelliamma N Koil Street: Rs 1,002 per sq.ft (2024)
• Bharathi Nagar: Rs 1,002 per sq.ft (2024)
• Madras Redhills Road: Rs 1,002 per sq.ft (2024)

Stamp duty and registration fee for property in Harijan Colony

For a 1,000 sq.ft plot at the current rate of Rs 1,001 per sq.ft, the guideline value amounts to Rs 10,01,000. The stamp duty at 7% would be Rs 70,070, and the registration fee at 2% would be Rs 20,020, totaling Rs 90,090. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Harijan Colony?

The Harijan Colony is covered by the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Kadappakkam. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, it is essential to be aware of the guideline value, as it can affect the overall costs involved in the transaction. Buyers should ensure that they are informed about the current guideline value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Harijan Colony?

The current guideline value of Harijan Colony is Rs 1,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 20 per sq.ft in 2002 to Rs 1,001 per sq.ft in 2024, showing an overall increase of 4905%.

What is the stamp duty for property in Harijan Colony?

The stamp duty for property in Harijan Colony is 7% of the guideline value. For a 1,000 sq.ft plot, this amounts to Rs 70,070.

Where is the Sub Registrar Office for Harijan Colony located?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How does the guideline value affect property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It is important for buyers and sellers to be aware of this value to understand the costs involved in the registration process.