Guideline Value for HARINI AVENUE

Harini Avenue guideline value

The current guideline value of Harini Avenue, located in Minjur village under the Ponneri SRO, is Rs 550 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Harini Avenue has changed

The guideline value for Harini Avenue has seen several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 335 per sq.ft. This value increased significantly to Rs 500 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the guideline value at Rs 550 per sq.ft, representing a 10% increase from the previous year.

There are no recorded figures for Harini Avenue in the revisions from 2002, 2003, 2007, and 2012. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Minjur

In Minjur, there are 179 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,320 per sq.ft, with the median value being Rs 550 per sq.ft. Harini Avenue's 2024 figure aligns with this median.

• Harini Nagar: Rs 550 per sq.ft (2024)
• Harilakshmi Nagar: Rs 550 per sq.ft (2024)
• Hemachandira Nagar: Rs 1,320 per sq.ft (2024)
• Guru Street: Rs 1,320 per sq.ft (2024)
• Gururagavendhira Nagar: Rs 550 per sq.ft (2024)
• Imaja Gardens: Rs 580 per sq.ft (2024)

Stamp duty and registration fee for property in Harini Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, totaling Rs 49,500. 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 Harini Avenue?

Harini Avenue falls under the jurisdiction of the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a critical factor during property registration in Minjur. It serves as a benchmark for calculating the stamp duty and registration fees payable when a property is bought or sold. Buyers and sellers must ensure that the transaction value meets or exceeds the guideline value to comply with local regulations.

When registering a property, the guideline value helps in determining the official value of the property for tax purposes. This ensures transparency and fairness in property transactions, as it reflects the government’s assessment of property values in the area.

Frequently asked questions

What is the current guideline value of Harini Avenue?

The current guideline value of Harini Avenue is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 335 per sq.ft in 2017 to Rs 550 per sq.ft in 2024, marking a total increase of 64% over this period.

What are the stamp duty and registration fees for properties in Harini Avenue?

For a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500 and the registration fee would be Rs 11,000, totaling Rs 49,500.

Which Sub Registrar Office is responsible for Harini Avenue?

The Ponneri Sub Registrar Office is responsible for Harini Avenue, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

What is the land classification for Harini Avenue?

Harini Avenue is classified as Residential Class II Type - I.