Guideline Value for HARSHITHA AVENUE

Harshitha Avenue guideline value

The current guideline value of Harshitha Avenue, located in Maakaanyam village, is Rs 150 per sq.ft, effective from 1 July 2024. This property falls under the jurisdiction of the Sriperumpudur SRO and is classified as Residential Class II Type - I.

How the guideline value of Harshitha Avenue has changed

Looking at the historical revisions, the guideline value for Harshitha Avenue has seen several changes over the years. The most recent revision in 2024 set the value at Rs 150 per sq.ft, which is consistent with the 2023 revision. Prior to that, the 2017 revision recorded a guideline value of Rs 100 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 50%, moving from Rs 100 per sq.ft to Rs 150 per sq.ft. Overall, from 2017 to 2024, the change is also +50%, as the value remained stable from 2023 to 2024.

Guideline values in Maakaanyam

In Maakaanyam village, there are 41 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 600 per sq.ft. The median guideline value for these streets is Rs 250 per sq.ft, which means that Harshitha Avenue's 2024 figure is below the median.

• Gubera Nagar(SF No.67/2): Rs 300 per sq.ft (2024)
• Grama Main Road: Rs 200 per sq.ft (2024)
• Gokulam Nagar: Rs 200 per sq.ft (2024)
• Ganesh Nagar: Rs 500 per sq.ft (2024)
• Kalayana Perumal Nagar Extension: Rs 400 per sq.ft (2024)
• Kallazhagar city: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Harshitha Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total fees to Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Harshitha Avenue?

The Sub Registrar Office that covers Harshitha Avenue is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Maakaanyam. It serves as a benchmark for determining the stamp duty and registration fees that are applicable when a property is bought or sold. Buyers and sellers must ensure that the transaction adheres to the guideline values set by the Registration Department.

When registering a property, the guideline value is used to calculate the applicable fees, which can significantly impact the overall cost of the transaction. It is essential for buyers to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Harshitha Avenue?

The current guideline value of Harshitha Avenue is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 150 per sq.ft from 2023 to 2024, increased by 50% from Rs 100 per sq.ft in 2017 to 2023, and overall increased by 50% from 2017 to 2024.

What is the land classification for Harshitha Avenue?

Harshitha Avenue is classified as Residential Class II Type - I. This classification is important for understanding the potential uses of the property.

Which office handles registrations for properties in Maakaanyam?

The Sriperumpudur Sub Registrar Office handles registrations for properties in Maakaanyam. The office is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Harshitha Avenue?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate of Rs 150 per sq.ft, the total guideline value would be Rs 1,50,000.