Guideline Value for HARIJAN COLONY

Harijan Colony guideline value

The current guideline value of Harijan Colony, located in Nemilicherry village under the Pallavaram SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class III Type - I.

How the guideline value of Harijan Colony has changed

Over the years, the guideline value of Harijan Colony has seen several revisions. The 2012 revision set the value at Rs 1,000 per sq.ft, which was then reduced to Rs 670 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,000 per sq.ft, and the latest 2024 revision has raised it further to Rs 1,100 per sq.ft. The register has no figure for this street in 2002, 2003, and 2007.

From 2017 to 2023, the guideline value increased by 49%, while the change from 2023 to 2024 was a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Nemilicherry

In Nemilicherry, there are 172 streets under the Pallavaram SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 2,160 per sq.ft, making Harijan Colony's 2024 figure below that median.

• Gross Street: Rs 2,160 per sq.ft (2024)
• Iyswarya Nagar: Rs 2,200 per sq.ft (2024)
• Gangaiyamman Street: Rs 2,160 per sq.ft (2024)
• Gandhi Street: Rs 2,160 per sq.ft (2024)
• Kabali Street: Rs 2,160 per sq.ft (2024)
• Kakkan Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Harijan Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total charges to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Harijan Colony?

The Sub Registrar Office that covers Harijan Colony is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Nemilicherry, the guideline value plays a crucial role in determining the amount of stamp duty and registration fees applicable. The guideline value is used as a basis for these calculations, ensuring that the government receives the appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of the transaction. Understanding the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Harijan Colony?

The current guideline value of Harijan Colony is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification of Harijan Colony?

Harijan Colony is classified as Residential Class III Type - I, indicating its suitability for residential development.

Where is the Sub Registrar Office for Harijan Colony located?

The Pallavaram Sub Registrar Office is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How is stamp duty calculated for properties in Harijan Colony?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000, with stamp duty and registration fees calculated accordingly.