Guideline Value for HARSHADHA HOMES

Harshadha Homes guideline value

The current guideline value of Harshadha Homes, located in Vakkupattu A village under the Walajabad SRO, is Rs 1,250 per sq.ft. This value is effective from the 2024 revision, which took place on 1 July 2024. The land classification for this area is Residential Special Type - II.

How the guideline value of Harshadha Homes has changed

Looking at the historical revisions of the guideline value, the most recent figures show that the 2024 revision has set the value at Rs 1,250 per sq.ft. This is the same as the 2023 revision, indicating no change in the guideline value from 2023 to 2024. Prior to this, the 2017 revision recorded a guideline value of Rs 837 per sq.ft, marking a significant increase of 49% from 2017 to 2023.

Overall, from the 2017 revision to the current 2024 revision, there has been a 49% increase in the guideline value. It is important to note that the register has no figure for the years 2002, 2003, 2007, and 2012 for this street, which means that the values for these years are not available in the records.

Guideline values in Vakkupattu A

In Vakkupattu A, there are 14 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,090 per sq.ft. The median value for these streets is Rs 500 per sq.ft, placing Harshadha Homes above this median value.

• Hiranandani Parks: Rs 1,250 per sq.ft (2024)
• Global City: Rs 400 per sq.ft (2024)
• Daffodils Exotica: Rs 750 per sq.ft (2024)
• Pavendhar Bharathidasan Nagar: Rs 500 per sq.ft (2024)
• Rpd Village: Rs 500 per sq.ft (2024)
• Sai Baba Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Harshadha Homes

For a property in Harshadha Homes measuring 1,000 sq.ft at the current guideline value of Rs 1,250 per sq.ft, the total guideline value would be Rs 12,50,000. The stamp duty, charged at 7%, would amount to Rs 87,500, while the registration fee at 2% would be Rs 25,000. Therefore, the total cost for stamp duty and registration fees would be Rs 1,12,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Harshadha Homes?

The Sub Registrar Office that covers Harshadha Homes is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value plays a crucial role when buying or selling property in Vakkupattu A. It serves as the benchmark for determining the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must be aware that the guideline value is used to calculate these fees, ensuring that the transaction is in compliance with local regulations.

When a property is sold, the guideline value helps in establishing the official value of the property for registration purposes. This means that regardless of the sale price, the stamp duty and registration fees will be based on the higher of the guideline value or the actual sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Harshadha Homes?

The current guideline value of Harshadha Homes is Rs 1,250 per sq.ft, effective from the 2024 revision on 1 July 2024.

How has the guideline value changed over the years?

From the 2017 revision to the 2023 revision, the guideline value increased from Rs 837 per sq.ft to Rs 1,250 per sq.ft, reflecting a 49% increase. The 2024 revision maintained the same value as 2023, showing no change.

What are the other streets in Vakkupattu A and their guideline values?

In Vakkupattu A, other streets include Hiranandani Parks at Rs 1,250 per sq.ft, Global City at Rs 400 per sq.ft, Daffodils Exotica at Rs 750 per sq.ft, Pavendhar Bharathidasan Nagar at Rs 500 per sq.ft, Rpd Village at Rs 500 per sq.ft, and Sai Baba Nagar at Rs 400 per sq.ft.

What is the stamp duty and registration fee for Harshadha Homes?

For a property measuring 1,000 sq.ft at the guideline value of Rs 1,250 per sq.ft, the total guideline value would be Rs 12,50,000. The stamp duty would be Rs 87,500, and the registration fee would be Rs 25,000, totaling Rs 1,12,500.

Which Sub Registrar Office covers Harshadha Homes?

The Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone, covers Harshadha Homes.