Guideline Value for HARIKRISHNA SHARMA NAGAR

Harikrishna Sharma Nagar guideline value

The current guideline value of Harikrishna Sharma Nagar is Rs 330 per sq.ft, effective from 1 July 2024. This area is located in Athipattu village under the Thiruvottiyur SRO, classified as Residential Class I Type - I.

How the guideline value of Harikrishna Sharma Nagar has changed

The guideline value for Harikrishna Sharma Nagar has undergone several revisions over the years. The 2017 revision set the value at Rs 201 per sq.ft. In 2023, this increased to Rs 300 per sq.ft, marking a significant rise of 49%. The latest revision in 2024 has further increased the value to Rs 330 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Athipattu

Athipattu has a total of 108 streets under the Thiruvottiyur SRO that carry a guideline value for 2024, ranging from Rs 220 to Rs 462 per sq.ft. The median guideline value for these streets is Rs 330 per sq.ft, which is equal to the guideline value of Harikrishna Sharma Nagar.

• Gsp Nagar: Rs 275 per sq.ft (2024)
• Indira Nagar: Rs 462 per sq.ft (2024)
• Gopal Sharma Nagar: Rs 330 per sq.ft (2024)
• Jaganjeevanram Nagar: Rs 330 per sq.ft (2024)
• Jai Maruthi Nagar /Avenu: Rs 330 per sq.ft (2024)
• Jai Nagar: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Harikrishna Sharma Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty, charged at 7%, would be Rs 23,100, while the registration fee at 2% would be Rs 6,600, totaling Rs 29,700. 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 Harikrishna Sharma Nagar?

The Sub Registrar Office that covers Harikrishna Sharma Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Athipattu. It serves as a benchmark for determining the minimum price at which a property can be registered. When a buyer and seller agree on a sale price, the registration office will assess whether the guideline value or the sale price is higher to calculate the applicable stamp duty and registration fees.

Understanding the guideline value is essential for both buyers and sellers, as it impacts the overall cost of property transactions. It ensures transparency and helps in maintaining a standard valuation across the region.

Frequently asked questions

What is the current guideline value of Harikrishna Sharma Nagar?

The current guideline value of Harikrishna Sharma Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 201 per sq.ft in 2017 to Rs 330 per sq.ft in 2024, marking a total increase of 64% over this period.

What are the stamp duty and registration fees for a property in Harikrishna Sharma Nagar?

For a property valued at Rs 3,30,000, the stamp duty would be Rs 23,100 and the registration fee would be Rs 6,600, totaling Rs 29,700.

Which Sub Registrar Office covers Harikrishna Sharma Nagar?

The Thiruvottiyur Sub Registrar Office covers Harikrishna Sharma Nagar, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What is the land classification of Harikrishna Sharma Nagar?

Harikrishna Sharma Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.