Guideline Value for HARISANA COLONY FIRST STREET

Harisana Colony First Street guideline value

The current guideline value of Harisana Colony First Street is Rs 202 per sq.ft, effective from 1 July 2024. This street is located in Podaturpet village and falls under the Pallipattu SRO with a land classification of Residential Class III Type - I.

How the guideline value of Harisana Colony First Street has changed

In the 2017 revision, the guideline value for Harisana Colony First Street was Rs 100 per sq.ft. This figure increased significantly to Rs 200 per sq.ft in the 2023 revision, marking a 100% increase. The most recent revision in 2024 saw a further increase to Rs 202 per sq.ft, which is a 1% rise from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 102%.

Guideline values in Podaturpet

In Podaturpet, there are 47 streets under the Pallipattu SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 300 per sq.ft, with a median value of Rs 250 per sq.ft. The guideline value of Harisana Colony First Street is below this median.

• Harisanacolonysecond Street: Rs 202 per sq.ft (2024)
• G.N. Nagar: Rs 300 per sq.ft (2024)
• Gangai Yamman Koil Street: Rs 250 per sq.ft (2024)
• Kakkan Street: Rs 126 per sq.ft (2024)
• E.S.T. Nagar 3 Rd Street: Rs 300 per sq.ft (2024)
• E.S.T. Nagar 2 Nd Street: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Harisana Colony First Street

For a 1,000 sq.ft plot at the current guideline value of Rs 202 per sq.ft, the total guideline value would be Rs 2,02,000. The stamp duty at 7% would amount to Rs 14,140, and the registration fee at 2% would be Rs 4,040, bringing the total fees together to Rs 18,180. 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 more detailed calculations.

Which Sub Registrar Office covers Harisana Colony First Street?

The Sub Registrar Office that covers Harisana Colony First Street is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Podaturpet. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives adequate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers must be aware that these fees are calculated based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Harisana Colony First Street?

The current guideline value of Harisana Colony First Street is Rs 202 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 100 per sq.ft to Rs 202 per sq.ft in 2024, marking a total increase of 102% over this period.

What are the stamp duty and registration fees for properties in Harisana Colony First Street?

For a property valued at Rs 2,02,000, the stamp duty would be Rs 14,140, and the registration fee would be Rs 4,040, totaling Rs 18,180.

Which office handles registrations for Harisana Colony First Street?

The Pallipattu Sub Registrar Office handles registrations for Harisana Colony First Street, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207.

What is the significance of the guideline value in property transactions?

The guideline value is significant as it determines the minimum value for property registration and is used to calculate stamp duty and registration fees, ensuring compliance with state revenue requirements.