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 Panangottur village, under the Chengleput Joint II SRO, and is classified as 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 earliest recorded figure is from 2012, which was Rs 600 per sq.ft. This was followed by a decrease to Rs 402 per sq.ft in 2017. In 2023, the value increased to Rs 600 per sq.ft again, and as of the 2024 revision, it stands at Rs 660 per sq.ft. There are no recorded figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased significantly by 49%. The overall change from 2012 to 2024 reflects a 10% increase, showing a steady rise in the guideline value over the last few years.

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median value for these streets is Rs 990 per sq.ft, making the current figure for Haripriya Nagar (N) below this median.

• 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 at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total fees to Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using 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, Chengalpattu registration zone. You can find your SRO online.

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

The guideline value is a crucial factor when registering property transactions in Panangottur. It is used to determine the stamp duty and registration fees applicable on the property being bought or sold. Buyers and sellers must be aware of the current guideline value to ensure compliance with the registration process.

When a property is sold, the guideline value serves as a reference point for assessing the transaction value. This ensures that the fees collected are based on a standardized valuation, which helps maintain transparency in property dealings.

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 back 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 would be Rs 46,200 and the registration fee would be 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, Chengalpattu registration zone.