Guideline Value for HARINDAR SINGH GARDEN

Harindar Singh Garden guideline value

The current guideline value of Harindar Singh Garden is Rs 3,900 per sq.ft, effective from 1 July 2024. This area falls under the village of Sholinganallur - 1 and is classified as Residential Class I Type - II. The relevant Sub Registrar Office for this location is Neelankarai SRO.

How the guideline value of Harindar Singh Garden has changed

The guideline value for Harindar Singh Garden has seen significant changes over the years. In the 2017 revision, the value was set at Rs 2,345 per sq.ft. This increased to Rs 3,500 per sq.ft in the 2023 revision, marking a rise of 49%. The most recent revision in 2024 has further increased the value to Rs 3,900 per sq.ft, reflecting an 11% increase from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 66%. This upward trend highlights the increasing valuation of properties in the area over the years.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing the Harindar Singh Garden guideline value above this median.

• Gunasekaran Thottam: Rs 1,700 per sq.ft (2024)
• Gunaha Garden Hamlet: Rs 4,400 per sq.ft (2024)
• Husinda Info Tech Art Realders Pvt Ltd.,: Rs 2,200 per sq.ft (2024)
• Hussan Garden: Rs 1,700 per sq.ft (2024)
• Illy Pond Street (Allikulam Street): Rs 4,400 per sq.ft (2024)
• Grama Nedunchalai School Street - C.G.S.Farm 1st Joint Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Harindar Singh Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, resulting in a total of Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Harindar Singh Garden?

The Sub Registrar Office that covers Harindar Singh Garden is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for additional assistance.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value plays a crucial role in property transactions within Sholinganallur - 1. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees, ensuring that these fees are calculated based on a standardized value set by the government.

At the time of registration, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Harindar Singh Garden?

The current guideline value of Harindar Singh Garden is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,345 per sq.ft in 2017 to Rs 3,500 per sq.ft in 2023, and now to Rs 3,900 per sq.ft in 2024. This represents a total increase of 66% from 2017 to 2024.

What is the classification of land in Harindar Singh Garden?

Harindar Singh Garden is classified as Residential Class I Type - II. This classification impacts the guideline value and property regulations in the area.

Where can I find the Sub Registrar Office for Harindar Singh Garden?

The Sub Registrar Office for Harindar Singh Garden is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is stamp duty calculated for properties in Harindar Singh Garden?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 39,00,000 would incur a stamp duty of Rs 2,73,000 at 7%.