Guideline Value for HARSHA AVENUE

Harsha Avenue guideline value

The current guideline value of Harsha Avenue, located in Puthakaram village under the Walajabad SRO, is Rs 200 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - II.

How the guideline value of Harsha Avenue has changed

The guideline value for Harsha Avenue has undergone several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 134 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 200 per sq.ft. The 2024 revision has maintained this value, showing no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Thus, the only available revisions are from 2012, 2017, 2023, and 2024, with the 2024 figure aligning with the median guideline value for other streets in Puthakaram.

Guideline values in Puthakaram

Puthakaram village has ten streets under the Walajabad SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 300 per sq.ft. The median value is Rs 200 per sq.ft, and Harsha Avenue's 2024 figure matches this median.

• Indraprastha: Rs 200 per sq.ft (2024)
• Anboli Nagar: Rs 300 per sq.ft (2024)
• Anandam Nagar: Rs 200 per sq.ft (2024)
• Nandhavanam: Rs 200 per sq.ft (2024)
• P.J.R Green Lands: Rs 150 per sq.ft (2024)
• Sai Thiruchandur Murugan Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Harsha Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees to Rs 18,000. It is important to 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 detailed calculations.

Which Sub Registrar Office covers Harsha Avenue?

The Sub Registrar Office that covers Harsha Avenue is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical reference point for property transactions in Puthakaram. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area, ensuring that these fees are calculated based on the official values set by the government.

When a buyer or seller engages in a property transaction, the guideline value helps establish a fair basis for the transaction, minimizing disputes over property valuation. It is essential for both parties to be aware of the current guideline value to ensure compliance with regulatory requirements.

Frequently asked questions

What is the current guideline value of Harsha Avenue?

The current guideline value of Harsha Avenue is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the most recent revision in 2024 maintaining the value at Rs 200 per sq.ft, the same as in 2023. The value decreased to Rs 134 per sq.ft in 2017 from Rs 200 per sq.ft in 2012.

What are the guideline values for other streets in Puthakaram?

Other streets in Puthakaram have guideline values ranging from Rs 150 to Rs 300 per sq.ft, with Harsha Avenue's value matching the median of Rs 200 per sq.ft.

What fees are associated with buying property in Harsha Avenue?

When purchasing property in Harsha Avenue, buyers must pay stamp duty at 7% and a registration fee at 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Harsha Avenue?

The Sub Registrar Office for Harsha Avenue is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.