Guideline Value for HARIPRASAD NAGAR EXTENSION

Hariprasad Nagar Extension guideline value

The current guideline value of Hariprasad Nagar Extension is Rs 670 per sq.ft. It is located in Polivakkam village, under the jurisdiction of the Manavalanagar SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Hariprasad Nagar Extension has changed

The guideline value register shows no figures for Hariprasad Nagar Extension for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 670 per sq.ft, which remained unchanged in the 2024 revision, effective from 1 July 2024.

From the 2023 revision to the 2024 revision, there was a change of +0%. The current guideline value of Rs 670 per sq.ft is consistent with the previous year's figure, indicating stability in the guideline value for this street.

Guideline values in Polivakkam

In Polivakkam, there are 80 streets under the Manavalanagar SRO that carry a 2024 guideline value ranging from Rs 350 to Rs 1,500 per sq.ft, with a median value of Rs 500 per sq.ft. The guideline value of Hariprasad Nagar Extension is above this median.

• Hari Prasad Nagar: Rs 1,000 per sq.ft (2024)
• Gold Green Co-Operative Nagar: Rs 450 per sq.ft (2024)
• Anugriha City: Rs 800 per sq.ft (2024)
• P.G.S.Garden: Rs 500 per sq.ft (2024)
• Shri Sai Garden Annex: Rs 550 per sq.ft (2024)
• Sri Ponniamman Nagar: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Hariprasad Nagar Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 670 per sq.ft, the total guideline value would be Rs 6,70,000. The stamp duty at 7% would amount to Rs 46,900, and the registration fee at 2% would be Rs 13,400. Together, the total cost for stamp duty and registration fee would be Rs 60,300. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Hariprasad Nagar Extension?

The Sub Registrar Office that covers Hariprasad Nagar Extension is the Manavalanagar Sub Registrar Office. The address is Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Polivakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

Buyers and sellers should be aware that the guideline value is used to assess the minimum value of the property for registration purposes. This means that even if the sale price is lower than the guideline value, the stamp duty will be calculated based on the guideline value.

Frequently asked questions

What is the current guideline value of Hariprasad Nagar Extension?

The current guideline value of Hariprasad Nagar Extension is Rs 670 per sq.ft, effective from 1 July 2024.

What changes occurred in the guideline value from 2023 to 2024?

There was no change in the guideline value from 2023 to 2024, as it remained at Rs 670 per sq.ft.

What is the land classification for Hariprasad Nagar Extension?

The land classification for Hariprasad Nagar Extension is Residential Class I Type - III.

Which Sub Registrar Office is responsible for Hariprasad Nagar Extension?

The Manavalanagar Sub Registrar Office is responsible for Hariprasad Nagar Extension, located on Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.

How is the stamp duty calculated for properties in Hariprasad Nagar Extension?

The stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 6,70,000 would incur a stamp duty of Rs 46,900 at a rate of 7%.