Guideline Value for Harani City

Harani City guideline value

The current guideline value of Harani City, located in Nelllikuppam village under the Thiruporur SRO, is Rs 1,000 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Harani City has changed

The guideline value for Harani City has seen several revisions over the years. The earliest available figure is from the 2017 revision, which was Rs 670 per sq.ft. This was followed by the 2023 revision, which maintained the value at Rs 1,000 per sq.ft, showing a significant increase of 49% from the 2017 figure. The 2024 revision also holds the guideline value at Rs 1,000 per sq.ft, indicating no change from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%.

Guideline values in Nelllikuppam

Nelllikuppam village has 45 streets under the Thiruporur SRO with a 2024 guideline value ranging from Rs 400 to Rs 1,600 per sq.ft. The median value for these streets is Rs 1,000 per sq.ft, which is equal to the current guideline value for Harani City.

• Harini City's The Palace: Rs 804 per sq.ft (2024)
• Harini City's - The Palace Phase II: Rs 804 per sq.ft (2024)
• Green City: Rs 1,600 per sq.ft (2024)
• Jpm Nagar: Rs 1,200 per sq.ft (2024)
• Eswaran Nagar: Rs 500 per sq.ft (2024)
• Elite Grand City Phase VI: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Harani City

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total to Rs 90,000. 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 detailed calculations.

Which Sub Registrar Office covers Harani City?

The Sub Registrar Office that covers Harani City is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Nelllikuppam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both parties are aware of the official valuation set by the state, which helps in maintaining a standard across property transactions.

Frequently asked questions

What is the current guideline value of Harani City?

The current guideline value of Harani City is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,000 per sq.ft since the 2023 revision. It increased from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2023, marking a 49% increase over that period.

What is the land classification for Harani City?

The land classification for Harani City is Residential Special Type - I. This classification is important for determining the permissible uses of the land.

Where can I find the Thiruporur Sub Registrar Office?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. This office handles the registration of properties in Harani City.

How is stamp duty calculated in Harani City?

Stamp duty in Harani City is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 at a rate of 7%.