Guideline Value for HARIJAN COLONY

Harijan Colony guideline value

The current guideline value of Harijan Colony, located in Thiruporur village under the Thiruporur SRO, is Rs 495 per sq.ft as per the 2024 revision. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Harijan Colony has changed

Over the years, the guideline value of Harijan Colony has seen several revisions. Starting from the 2002 revision, the guideline value was Rs 120 per sq.ft. This increased to Rs 134 per sq.ft in 2003, marking a 12% rise. The value continued to rise, reaching Rs 150 per sq.ft in 2007, which was a 12% increase from the previous year. The 2012 revision saw the value at Rs 450 per sq.ft, reflecting a significant increase of 200% from 2007. However, in 2017, the value dropped to Rs 301 per sq.ft, which was a decrease of 33% from the 2012 revision. The 2023 revision set the value at Rs 450 per sq.ft, and the latest revision in 2024 has increased it to Rs 495 per sq.ft, representing a 10% increase.

In summary, from 2017 to 2023, there was a notable increase of 50%. Overall, from the 2002 revision to the current 2024 revision, the guideline value has increased by 313%. There are no figures for the years not listed in the register for this street.

Guideline values in Thiruporur

In Thiruporur, there are 31 streets under the Thiruporur SRO that carry a 2024 guideline value, ranging from Rs 495 to Rs 4,500 per sq.ft. The median value for these streets is Rs 880 per sq.ft, indicating that Harijan Colony's 2024 figure is below this median.

• Illalore Road: Rs 880 per sq.ft (2024)
• Isha Avni: Rs 1,650 per sq.ft (2024)
• Iyampettai Street: Rs 1,100 per sq.ft (2024)
• Gokul Avenue: Rs 1,320 per sq.ft (2024)
• Gandhi Street: Rs 880 per sq.ft (2024)
• Kacheri Santhu Street: Rs 770 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 495 per sq.ft, the total guideline value would be Rs 4,95,000. The stamp duty at 7% would amount to Rs 34,650, while the registration fee at 2% would be Rs 9,900. Together, the total cost for these fees would be Rs 44,550. 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.

Which Sub Registrar Office covers Harijan Colony?

The Sub Registrar Office that covers Harijan Colony is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Thiruporur. It is the benchmark used by the registration department to determine the minimum value at which a property can be registered. When buying or selling a property, the guideline value helps in calculating the stamp duty and registration fees applicable to the transaction.

Additionally, the guideline value is essential for ensuring transparency in property transactions. It helps prevent undervaluation of properties and ensures that the government receives the correct revenue from property transactions. Buyers and sellers should be aware of the current guideline value to make informed decisions 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 495 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 120 per sq.ft in 2002 to Rs 495 per sq.ft in 2024, reflecting an overall increase of 313%.

What is the land classification for Harijan Colony?

The land classification for Harijan Colony is Residential Class IV Type - I.

What are the stamp duty and registration fees for properties in Harijan Colony?

The stamp duty is 7% and the registration fee is 2% of the guideline value or sale price, whichever is higher.

Which office handles the registration in Harijan Colony?

The Thiruporur Sub Registrar Office handles the registration for Harijan Colony, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.