Guideline Value for HARINI NAGAR

Harini Nagar guideline value

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

How the guideline value of Harini Nagar has changed

The guideline value for Harini Nagar has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 550 per sq.ft, an increase from Rs 500 per sq.ft in 2023, marking a change of +10%. Prior to that, in 2017, the value was Rs 335 per sq.ft, which means there was a significant increase of +49% from 2017 to 2023. Overall, from 2017 to 2024, the guideline value has increased by +64%.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street. The revisions that do have figures show a clear upward trend in the guideline value over the years.

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. The median guideline value is Rs 550 per sq.ft, which is the same as the current value for Harini Nagar.

• Harini Avenue: 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 Nagar

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

The Sub Registrar Office that covers Harini Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering a property in Minjur. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that all transactions are conducted fairly and transparently.

When buying or selling property, the guideline value serves as a benchmark for both parties. It helps in establishing a fair price for the property and ensures that the registration process adheres to the legal requirements set forth by the state.

Frequently asked questions

What is the current guideline value of Harini Nagar?

The current guideline value of Harini Nagar 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, reflecting an overall increase of +64% over this period.

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

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 covers Harini Nagar?

The Ponneri Sub Registrar Office covers Harini Nagar, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

What is the land classification of Harini Nagar?

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