Guideline Value for HARIPRIYA NAGAR (N)

Haripriya Nagar (N) guideline value

The current guideline value of Haripriya Nagar (N) is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Kattankollatur village under the Chengleput Joint II SRO, classified as Residential Class I Type - III.

How the guideline value of Haripriya Nagar (N) has changed

Over the years, the guideline value for Haripriya Nagar (N) has seen several revisions. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged in the subsequent 2017 revision. However, the 2017 revision saw a significant decrease of 33%, bringing the value down to Rs 402 per sq.ft. In 2023, the value increased to Rs 600 per sq.ft again, and the most recent 2024 revision has raised it to Rs 660 per sq.ft, marking a 10% increase from the previous year.

From 2012 to 2024, the overall change in the guideline value is an increase of 10%. The 2023 to 2024 revision reflects a 10% increase, while the jump from 2017 to 2023 shows a substantial rise of 49%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kattankollatur

Kattankollatur village has a total of 453 streets under the Chengleput Joint II SRO, with guideline values in 2024 ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value for the village is Rs 1,100 per sq.ft, indicating that Haripriya Nagar (N) is below this median value.

• Gundalakesi Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Gunaveerar Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Gulasekaraalwar Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Ilanthiraian Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Ilavazhaganar Street (Ward -7): Rs 1,760 per sq.ft (2024)
• Ilawalahar Street (Ward -7): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Haripriya Nagar (N)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty is charged at 7%, which comes to Rs 46,200, and the registration fee is 2%, totaling Rs 13,200. Together, the total charges amount to Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Haripriya Nagar (N)?

The Sub Registrar Office that covers Haripriya Nagar (N) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Kattankollatur. It serves as the minimum value for property transactions and is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that the guideline value can influence the overall cost of property transactions.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for taxation purposes. It helps maintain transparency in property dealings and ensures that both buyers and sellers are aware of the value being assigned to the property.

Frequently asked questions

What is the current guideline value of Haripriya Nagar (N)?

The current guideline value of Haripriya Nagar (N) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification of Haripriya Nagar (N)?

Haripriya Nagar (N) is classified as Residential Class I Type - III.

What are the stamp duty and registration fees for a property in Haripriya Nagar (N)?

For a property valued at Rs 6,60,000, the stamp duty is Rs 46,200, and the registration fee is Rs 13,200, totaling Rs 59,400.

Where is the Sub Registrar Office for Haripriya Nagar (N)?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.