Guideline Value for HARIYAGRIVAR NAGAR

Hariyagrivar Nagar guideline value

The current guideline value of Hariyagrivar Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Maiyur village under the Chengleput Joint II SRO, and it falls under the Residential Class I Type - I land classification.

How the guideline value of Hariyagrivar Nagar has changed

Looking at the historical revisions, the guideline value for Hariyagrivar Nagar was Rs 400 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these years. Prior to that, in the 2017 revision, the value was Rs 268 per sq.ft, reflecting a 49% increase to the 2023 figure. The 2012 revision also recorded a value of Rs 400 per sq.ft, which shows a decrease of 33% when compared to the 2017 figure.

Overall, from the 2012 revision to the 2024 revision, the guideline value has remained unchanged at Rs 400 per sq.ft. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Maiyur

In Maiyur, there are 28 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 700 per sq.ft. The median guideline value for these streets is Rs 400 per sq.ft, which is equal to the 2024 figure for Hariyagrivar Nagar.

• Green Park Avenue: Rs 400 per sq.ft (2024)
• Indirangandhi Town: Rs 700 per sq.ft (2024)
• Green City: Rs 400 per sq.ft (2024)
• Golden Palar Gardens: Rs 400 per sq.ft (2024)
• Karunai Nagar: Rs 400 per sq.ft (2024)
• Krishna Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Hariyagrivar Nagar

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. It is important to note that 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 Hariyagrivar Nagar?

The Sub Registrar Office that covers Hariyagrivar Nagar 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 Maiyur

The guideline value is a critical factor during property registration in Maiyur. It serves as the baseline for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a fair value as per the local regulations.

When buying or selling property, both the buyer and seller must be aware of the guideline value to understand the financial implications. This value helps in determining the costs associated with the registration process, making it essential for all parties involved.

Frequently asked questions

What is the current guideline value of Hariyagrivar Nagar?

The current guideline value of Hariyagrivar Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

From the 2012 revision to the 2024 revision, the guideline value has remained unchanged at Rs 400 per sq.ft. However, there was a 49% increase from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023.

What other streets have similar guideline values in Maiyur?

Several other streets in Maiyur also have a guideline value of Rs 400 per sq.ft, including Green Park Avenue, Green City, Golden Palar Gardens, Karunai Nagar, and Krishna Nagar.

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

For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000 and the registration fee would be Rs 8,000, totaling Rs 36,000. Duty is charged on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Hariyagrivar Nagar?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information about your SRO through the provided link.