Guideline Value for HARISH NAGAR ANNEX

Harish Nagar Annex guideline value

The current guideline value of Harish Nagar Annex is Rs 880 per sq.ft, effective from 1 July 2024. This area is located in Thirumudivakkam village under the Padappai SRO, classified as Residential Class I Type - I.

How the guideline value of Harish Nagar Annex has changed

The guideline value for Harish Nagar Annex has seen several revisions over the years. The 2017 revision set the value at Rs 536 per sq.ft, which increased to Rs 800 per sq.ft in 2023, marking a significant increase of 49%. The most recent revision in 2024 raised the guideline value to Rs 880 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thirumudivakkam

In Thirumudivakkam, there are 56 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 3,860 per sq.ft, with a median value of Rs 1,320 per sq.ft. The guideline value of Harish Nagar Annex at Rs 880 per sq.ft is below this median.

• Ganga Nagar: Rs 880 per sq.ft (2024)
• Gangai Amman Koil Street: Rs 1,320 per sq.ft (2024)
• Joyson Nagar (Garden): Rs 1,320 per sq.ft (2024)
• Farm Land Layout: Rs 1,320 per sq.ft (2024)
• Kalaignar Street: Rs 1,320 per sq.ft (2024)
• Doshi Firstnest: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Harish Nagar Annex

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total to Rs 79,200. 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 Harish Nagar Annex?

The Sub Registrar Office covering Harish Nagar Annex is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thirumudivakkam. It determines the amount of stamp duty and registration fees that must be paid, which are calculated based on the higher of the guideline value or the sale price.

Understanding the guideline value is essential for both buyers and sellers, as it affects the overall cost of property transactions. It is advisable to check the latest guideline values before proceeding with any property dealings to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Harish Nagar Annex?

The current guideline value of Harish Nagar Annex is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 536 per sq.ft to Rs 880 per sq.ft in 2024, marking a total increase of 64% over the years.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600 and the registration fee would be Rs 17,600, totaling Rs 79,200.

Which office handles registrations for Harish Nagar Annex?

The Padappai Sub Registrar Office handles registrations for Harish Nagar Annex, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

Where can I find more information about guideline values in Thirumudivakkam?

More information about guideline values in Thirumudivakkam can be found in the registration department's guideline value register (TNReginet) or by visiting the Padappai SRO.