Guideline Value for Harbar Kuvari Street

Harbar Kuvari Street guideline value

The current guideline value of Harbar Kuvari Street is Rs 2,100 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village under the Pallavaram SRO, classified as Residential Class IV Type - I.

How the guideline value of Harbar Kuvari Street has changed

The guideline value for Harbar Kuvari Street has undergone several revisions over the years. In 2003, the guideline value was Rs 255 per sq.ft, which increased to Rs 600 per sq.ft in 2007. This was followed by a significant rise to Rs 2,000 per sq.ft in 2012, but it then decreased to Rs 1,340 per sq.ft in 2017. The value saw a substantial increase to Rs 2,000 per sq.ft in 2023, and the most recent revision in 2024 set it at Rs 2,100 per sq.ft. The register has no figure for this street in 2002.

From 2017 to 2023, the guideline value increased by 49%, while the jump from 2023 to 2024 was 5%. The period from 2003 to 2024 reflects an overall increase of 724% in the guideline value.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO, with guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, placing Harbar Kuvari Street's 2024 figure below the median.

• Harijan Colony: Rs 2,160 per sq.ft (2024)
• Harijan Colony Cross Street: Rs 2,100 per sq.ft (2024)
• Hanumar Koil Street: Rs 3,850 per sq.ft (2024)
• High Way Nagar West R.K.V.Avenue Extention: Rs 2,200 per sq.ft (2024)
• Highways Co.Op.Society Layout: Rs 3,520 per sq.ft (2024)
• G.S.T. Road West Side Road: Rs 11,000 per sq.ft (2024)

Stamp duty and registration fee for property in Harbar Kuvari Street

For a 1,000 sq.ft plot at the current rate of Rs 2,100 per sq.ft, the guideline value amounts to Rs 21,00,000. The stamp duty at 7% would be Rs 1,47,000, and the registration fee at 2% would be Rs 42,000, totaling Rs 1,89,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Harbar Kuvari Street?

The Sub Registrar Office that covers Harbar Kuvari Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Zaminpallavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately in accordance with government regulations.

When buying or selling property, the guideline value is used to calculate applicable fees such as stamp duty and registration charges. These fees are based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Harbar Kuvari Street?

The current guideline value of Harbar Kuvari Street is Rs 2,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 255 per sq.ft in 2003 to Rs 2,100 per sq.ft in 2024, reflecting an overall increase of 724% over this period.

What is the stamp duty rate in Tamil Nadu?

The stamp duty rate in Tamil Nadu is generally 7%, which is applied to the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Harbar Kuvari Street?

The Sub Registrar Office for Harbar Kuvari Street is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

What other streets have guideline values in Zaminpallavaram?

Other streets in Zaminpallavaram include Harijan Colony, Harijan Colony Cross Street, Hanumar Koil Street, High Way Nagar West R.K.V.Avenue Extention, and Highways Co.Op.Society Layout, each with varying guideline values.