Guideline Value for HARIPRASAD NAGAR

Hariprasad Nagar guideline value

The current guideline value of Hariprasad Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This locality is situated in Arani village, under the Arani_Tiruvallur SRO, and is classified as Residential Class II Type - III.

How the guideline value of Hariprasad Nagar has changed

In the 2017 revision, the guideline value for Hariprasad Nagar was Rs 201 per sq.ft. This figure increased by 49% to Rs 300 per sq.ft in the 2023 revision. The 2024 revision also maintains this value at Rs 300 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available 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 49%.

Guideline values in Arani

In Arani, there are 51 streets under the Arani_Tiruvallur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 600 per sq.ft. The median guideline value for these streets is Rs 300 per sq.ft, which is the same as the current value for Hariprasad Nagar.

• High Road towards Puduvoyal { Upto Ananda Theatre }: Rs 400 per sq.ft (2024)
• Green Garden: Rs 200 per sq.ft (2024)
• Irukkam Veethi: Rs 400 per sq.ft (2024)
• Gokulam Avenue: Rs 335 per sq.ft (2024)
• Gattu Street: Rs 300 per sq.ft (2024)
• Gattu Namasivayam Street: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Hariprasad Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Hariprasad Nagar?

The Sub Registrar Office that covers Hariprasad Nagar is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Arani. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is recorded accurately in the official registry.

When a property is sold, the buyer and seller must consider the guideline value to ensure compliance with local regulations. The guideline value serves as a reference point, and the actual sale price may be higher or lower than this value.

Frequently asked questions

What is the current guideline value of Hariprasad Nagar?

The current guideline value of Hariprasad Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023 and 2024, marking a 49% increase overall from 2017 to 2024.

Are there any years without guideline value figures for Hariprasad Nagar?

Yes, there are no figures available for the years 2002, 2003, 2007, and 2012 for Hariprasad Nagar.

What is the land classification of Hariprasad Nagar?

Hariprasad Nagar is classified as Residential Class II Type - III.

Where is the Sub Registrar Office for Hariprasad Nagar located?

The Sub Registrar Office for Hariprasad Nagar is located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101.