Guideline Value for HARSHIKA AVENUE

Harshika Avenue guideline value

The current guideline value of Harshika Avenue is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Pazhayaseevaram -A village, under the Walajabad SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Harshika Avenue has changed

The guideline value for Harshika Avenue has seen several revisions over the years. In the 2017 revision, the value was set at Rs 167 per sq.ft. This figure remained unchanged in the 2023 revision, but in the 2024 revision, it increased to Rs 250 per sq.ft, marking a 50% increase overall from 2017 to 2024.

There were no figures recorded for Harshika Avenue in the revisions of 2002, 2003, 2007, and 2012. The 2023 to 2024 revision showed no change, maintaining the value at Rs 250 per sq.ft.

Guideline values in Pazhayaseevaram -A

Pazhayaseevaram -A has 26 streets under the Walajabad SRO, with guideline values ranging from Rs 200 to Rs 500 per sq.ft. The median value for these streets is Rs 350 per sq.ft, placing Harshika Avenue's 2024 figure below this median.

• Ishvariya Nagar Phase-III: Rs 200 per sq.ft (2024)
• Ishwariya Nagar phase-I: Rs 200 per sq.ft (2024)
• Ishwariya Nagar phase-II: Rs 200 per sq.ft (2024)
• Ishwariya Nagar Phase-IV: Rs 200 per sq.ft (2024)
• Ishwariya Nagar Phase-V: Rs 200 per sq.ft (2024)
• Kothai Vanam: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Harshika Avenue

For a 1,000 sq.ft plot at the current rate of Rs 250 per sq.ft, the guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, totaling Rs 22,500. Please 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 Harshika Avenue?

The Sub Registrar Office covering Harshika Avenue is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Pazhayaseevaram -A. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, it is essential to consider the guideline value as it directly affects the costs associated with the transaction. Buyers should be aware that the stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Harshika Avenue?

The current guideline value of Harshika Avenue is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in 2024, reflecting a 50% increase overall. There were no recorded figures for the years 2002, 2003, 2007, and 2012.

What are the guideline values of other streets in Pazhayaseevaram -A?

Other streets in Pazhayaseevaram -A have guideline values ranging from Rs 200 to Rs 500 per sq.ft, with a median value of Rs 350 per sq.ft.

What are the stamp duty and registration fees for properties in Harshika Avenue?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 2,50,000, the total fees would amount to Rs 22,500.

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

The Walajabad Sub Registrar Office covers Harshika Avenue and is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.