Guideline Value for HARITHA NAGAR

Haritha Nagar guideline value

The current guideline value of Haritha Nagar, located in Padappai village under the Padappai SRO, is Rs 830 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class III Type - I land classification.

How the guideline value of Haritha Nagar has changed

The guideline value for Haritha Nagar has seen significant changes over the years. In the 2017 revision, the value was Rs 502 per sq.ft. This figure increased to Rs 750 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the value at Rs 830 per sq.ft, reflecting an 11% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 65%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Padappai

In Padappai, there are 146 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 4,000 per sq.ft. The median value is Rs 830 per sq.ft, which is equal to the current guideline value of Haritha Nagar.

• Hasan Nagar: Rs 1,320 per sq.ft (2024)
• Hayath Nagar: Rs 830 per sq.ft (2024)
• Hamithiya Nagar: Rs 1,320 per sq.ft (2024)
• Haji Anserdeen Avenue: Rs 3,300 per sq.ft (2024)
• Hagiyar Nagar: Rs 3,300 per sq.ft (2024)
• Green Park Avenue: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Haritha Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 830 per sq.ft, the total guideline value would be Rs 8,30,000. The stamp duty at 7% would amount to Rs 58,100, and the registration fee at 2% would be Rs 16,600, totaling Rs 74,700. Please 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 more details.

Which Sub Registrar Office covers Haritha Nagar?

The Sub Registrar Office that covers Haritha Nagar 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 more information.

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

The guideline value is an essential reference for property transactions in Padappai. It is used to calculate the stamp duty and registration fees when buying or selling property, ensuring that the transaction is recorded accurately in the official registers.

When you register a property, the guideline value helps determine the fees payable based on the official valuation rather than the sale price, ensuring compliance with local regulations. This process is crucial for maintaining transparency and legality in property transactions.

Frequently asked questions

What is the current guideline value of Haritha Nagar?

The current guideline value of Haritha Nagar is Rs 830 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 502 per sq.ft in 2017 to Rs 750 per sq.ft in 2023, and then to Rs 830 per sq.ft in 2024. Overall, this represents a 65% increase from 2017 to 2024.

What is the land classification for Haritha Nagar?

Haritha Nagar falls under the Residential Class III Type - I land classification. This classification is important for determining the usage and regulations applicable to properties in the area.

What are the stamp duty and registration fees for a property in Haritha Nagar?

The stamp duty for a property in Haritha Nagar is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 8,30,000, the total fees would be Rs 74,700.

Which office handles registrations for Haritha Nagar?

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