Guideline Value for HARINI CITY

Harini City guideline value

The current guideline value of Harini City, located in Kanakapattu village under the Thiruporur SRO, is Rs 1,320 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - III.

How the guideline value of Harini City has changed

The guideline value for Harini City has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 800 per sq.ft. This saw a slight increase to Rs 804 per sq.ft in 2017. The next revision in 2023 raised the value to Rs 1,200 per sq.ft, marking a significant increase of 49% from 2017. The most recent revision in 2024 set the guideline value at Rs 1,320 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 65%.

Guideline values in Kanakapattu

In Kanakapattu, there are 15 streets under the Thiruporur SRO that carry a 2024 guideline value, ranging from Rs 665 to Rs 3,225 per sq.ft. The median value for these streets is Rs 2,205 per sq.ft, placing Harini City’s 2024 figure below this median.

• Dugar Properties: Rs 2,205 per sq.ft (2024)
• Ram Nagar: Rs 2,200 per sq.ft (2024)
• Serene Hub: Rs 1,815 per sq.ft (2024)
• Sri Vinayaga Nagar: Rs 665 per sq.ft (2024)
• White Pearls City: Rs 2,709 per sq.ft (2024)
• A.D. Viswanath Avenue: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Harini City

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, while the registration fee at 2% would be Rs 26,400, bringing the total to Rs 1,18,800. 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 detailed calculations.

Which Sub Registrar Office covers Harini City?

The Sub Registrar Office that covers Harini City 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 Kanakapattu

The guideline value is an essential factor during the registration of property transactions in Kanakapattu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, 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 that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Harini City?

The current guideline value of Harini City is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 1,320 per sq.ft in 2024, reflecting an overall increase of 65% over this period.

What is the stamp duty rate in Harini City?

The stamp duty rate in Harini City is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Harini City located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

What is the land classification for Harini City?

The land classification for Harini City is Residential Special Type - III.