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 Sattamangalam 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

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 was then reduced to Rs 402 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 600 per sq.ft. The most recent 2024 revision has raised the guideline value to Rs 660 per sq.ft, marking a 10% increase from the previous year.

From 2012 to 2024, the overall change in guideline value is a modest increase of 10%. The most significant change occurred between the 2017 and 2023 revisions, which saw a rise of 49%. It is important to note that the register has no figures for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Sattamangalam

In Sattamangalam, there are 425 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median value among these streets is Rs 1,100 per sq.ft, placing 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 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. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further assistance.

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 Sattamangalam

The guideline value is a crucial factor during the registration of property transactions in Sattamangalam. It serves as a benchmark for assessing the value of properties and determining the applicable stamp duty and registration fees.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately in the official registers. This value is used to calculate the necessary fees and taxes, making it an essential component of the property registration process.

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 property transactions?

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 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.