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 Ninna Karai village and falls under the Chengleput Joint II SRO. The land classification for this street is Residential Class I Type - III.

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

The guideline value for Haripriya Nagar (N) has seen several revisions over the years. The 2012 revision recorded a value of Rs 600 per sq.ft, which then decreased to Rs 402 per sq.ft in 2017. Following this, the value increased significantly to Rs 600 per sq.ft in the 2023 revision, and it further rose to Rs 660 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has changed by 10%. The register has no figure for the years 2002, 2003, and 2007 for this street.

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, placing Haripriya Nagar (N) below this median value.

• Gundalakesi Street (Ward -8): Rs 1,321 per sq.ft (2024)
• Gunaveerar Street (Ward -6): Rs 1,321 per sq.ft (2024)
• Gulasekaraalwar Street (Ward -5): Rs 1,321 per sq.ft (2024)
• Ilanthiraian Street (Ward -6): Rs 1,760 per sq.ft (2024)
• Ilavazhaganar Street (Ward -7): Rs 1,760 per sq.ft (2024)
• Ilawalahar Street (Ward -7): Rs 1,321 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 rate of Rs 660 per sq.ft, the guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, totaling Rs 59,400. 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 more details.

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 Ninna Karai

The guideline value is a crucial factor when registering property transactions in Ninna Karai. It is used to determine the stamp duty and registration fees applicable during the sale or purchase of a property.

When a property is sold or bought, the guideline value serves as a benchmark for the transaction. Buyers should be aware that the stamp duty is charged on the higher of the guideline value or the sale price, ensuring that the registration process is transparent and standardized.

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 to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

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

Haripriya Nagar (N) is classified as Residential Class I Type - III, indicating its suitability for residential development.

What are the other streets in Ninna Karai with their guideline values?

Other streets in Ninna Karai include Gundalakesi Street, Gunaveerar Street, Gulasekaraalwar Street, Ilanthiraian Street, Ilavazhaganar Street, and Ilawalahar Street, with values ranging from Rs 1,321 to Rs 1,760 per sq.ft.

Where can I find the Sub Registrar Office for Haripriya Nagar (N)?

The Sub Registrar Office for Haripriya Nagar (N) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.