Guideline Value for HARLEY'S STREET & ROAD

Harley's Street & Road guideline value

The current guideline value of Harley's Street & Road is Rs 10,800 per sq.ft, effective from 1 July 2024. This street is located in Purasaivakkam village, under the Purasaivakkam SRO, and is classified as Residential Class I Type - I.

How the guideline value of Harley's Street & Road has changed

The guideline value for Harley's Street & Road has seen several revisions over the years. In 2007, the value was Rs 2,600 per sq.ft, which increased significantly to Rs 10,000 per sq.ft in 2012. However, it then decreased to Rs 6,700 per sq.ft in 2017. The value rose again to Rs 10,000 per sq.ft in 2023, and it has now reached Rs 10,800 per sq.ft in the 2024 revision, marking an 8% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 315%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 18,100 per sq.ft, with a median value of Rs 5,500 per sq.ft. Harley's Street & Road's current guideline value is above this median.

• Henrik Lane: Rs 4,900 per sq.ft (2024)
• Hanumantharayan Koil Street: Rs 4,400 per sq.ft (2024)
• Hanumantharayan Koil 1st Lane: Rs 4,400 per sq.ft (2024)
• Haji Mohammed Abdul Hafeez Abbab Sahib Street: Rs 4,900 per sq.ft (2024)
• Hospital Lane: Rs 4,900 per sq.ft (2024)
• Hunters Lane: Rs 9,900 per sq.ft (2024)

Stamp duty and registration fee for property in Harley's Street & Road

For a 1,000 sq.ft plot at the current guideline value of Rs 10,800 per sq.ft, the total guideline value would be Rs 1,08,00,000. The stamp duty at 7% would amount to Rs 7,56,000, and the registration fee at 2% would be Rs 2,16,000, leading to a total of Rs 9,72,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more accurate calculations based on your specific property details.

Which Sub Registrar Office covers Harley's Street & Road?

The Sub Registrar Office covering Harley's Street & Road is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. For more information, you can find your SRO.

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

The guideline value plays a crucial role in property transactions in Purasaivakkam. It is used to determine the stamp duty and registration fees that are applicable when buying or selling a property. The guideline value is an official estimate of the value of the property based on its location and classification.

When registering a property, buyers should be aware that the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Harley's Street & Road?

The current guideline value of Harley's Street & Road is Rs 10,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,600 per sq.ft in 2007 to Rs 10,800 per sq.ft in 2024, reflecting an overall increase of 315% over the years.

What is the median guideline value in Purasaivakkam?

The median guideline value in Purasaivakkam is Rs 5,500 per sq.ft, with Harley's Street & Road's value being above this median.

What are the stamp duty and registration fees for a property in Harley's Street & Road?

For a property valued at Rs 1,08,00,000, the stamp duty would be Rs 7,56,000 and the registration fee would be Rs 2,16,000, totaling Rs 9,72,000.

Which office handles property registration for Harley's Street & Road?

The Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012, handles property registration for Harley's Street & Road.