Guideline Value for HARIKARAN NAGAR

Harikaran Nagar guideline value

The current guideline value of Harikaran Nagar, located in Athur B Block village under the Chengleput Joint II SRO, is Rs 800 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Special Type - I.

How the guideline value of Harikaran Nagar has changed

Over the years, the guideline value of Harikaran Nagar has seen several revisions. The 2012 revision set the guideline value at Rs 800 per sq.ft, which remained unchanged until the 2023 revision. In 2017, the value was Rs 536 per sq.ft, marking a 33% decrease from the previous 2012 figure. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 800 per sq.ft in 2023. The 2024 revision maintains this value at Rs 800 per sq.ft, indicating no change from the previous year.

The register has no figure for Harikaran Nagar for the years 2002, 2003, and 2007. Therefore, the only revisions available are from 2012, 2017, 2023, and the current 2024 figure.

Guideline values in Athur B Block

Athur B Block comprises 79 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 268 to Rs 1,525 per sq.ft. The median guideline value for this area is Rs 700 per sq.ft, placing Harikaran Nagar's 2024 value above this median.

• Harijan Nagar: Rs 800 per sq.ft (2024)
• Hill View Enclave: Rs 800 per sq.ft (2024)
• Green Spot: Rs 1,000 per sq.ft (2024)
• Green Peace Mountain Stream Enclave: Rs 350 per sq.ft (2024)
• Iniyan Nagar: Rs 1,000 per sq.ft (2024)
• Kamaraj Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Harikaran Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, and the registration fee at 2% would be Rs 16,000, totaling Rs 72,000. 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 Harikaran Nagar?

The Sub Registrar Office that covers Harikaran Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Athur B Block

The guideline value is a critical factor in property transactions in Athur B Block, as it determines the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees, which are essential costs that must be factored into the overall transaction. This ensures that both parties are aware of their financial obligations when completing a property sale.

Frequently asked questions

What is the current guideline value of Harikaran Nagar?

The current guideline value of Harikaran Nagar is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 800 per sq.ft in 2023 and 2024. The value was Rs 536 per sq.ft in 2017 and Rs 800 per sq.ft in 2012.

What is the land classification for Harikaran Nagar?

The land classification for Harikaran Nagar is Mixed Special Type - I, which indicates the zoning regulations applicable to this area.

What are the stamp duty and registration fees for property in Harikaran Nagar?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 72,000.

Where is the Sub Registrar Office for Harikaran Nagar located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.