Guideline Value for Hari Krishna Nagar

Hari Krishna Nagar guideline value

The current guideline value of Hari Krishna Nagar is Rs 806 per sq.ft, effective from 1 July 2024. This locality is situated in Kovilpathagai village under the Ambattur SRO, classified as Residential Class III Type - I.

How the guideline value of Hari Krishna Nagar has changed

The guideline value for Hari Krishna Nagar has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 600 per sq.ft. This increased to Rs 402 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value rose significantly by 100% to Rs 806 per sq.ft. The 2024 revision maintained the guideline value at Rs 806 per sq.ft, showing no change from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 34%.

Guideline values in Kovilpathagai

Kovilpathagai village features 278 streets under the Ambattur SRO, with guideline values ranging from Rs 803 to Rs 2,900 per sq.ft. The median guideline value in this area is Rs 870 per sq.ft, positioning the 2024 figure for Hari Krishna Nagar below this median.

• Hari Krishna Nagar Balaji Avenue: Rs 806 per sq.ft (2024)
• Hari Krishna Nagar M.R.P. Avenue: Rs 806 per sq.ft (2024)
• Hemalakshmi Nagar: Rs 803 per sq.ft (2024)
• Hemalakshmi Street (Ashok Nagar): Rs 806 per sq.ft (2024)
• I.A.F. Road: Rs 805 per sq.ft (2024)
• Grace Avenue: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Hari Krishna Nagar

For a 1,000 sq.ft plot at the current rate of Rs 806 per sq.ft, the guideline value amounts to Rs 8,06,000. The stamp duty, charged at 7%, would be Rs 56,420, while the registration fee at 2% would be Rs 16,120. Together, these fees total Rs 72,540. It is important to 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 Hari Krishna Nagar?

The Sub Registrar Office that covers Hari Krishna Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in property transactions in Kovilpathagai. It is used to determine the stamp duty and registration fees payable when a property is bought or sold. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, it is essential to refer to the current guideline value to ensure compliance with local regulations. This value is periodically revised, reflecting changes in the real estate landscape and helping to standardize property transactions.

Frequently asked questions

What is the current guideline value of Hari Krishna Nagar?

The current guideline value of Hari Krishna Nagar is Rs 806 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 600 per sq.ft in 2012 to Rs 806 per sq.ft in 2024, with notable changes in 2017 and 2023 revisions.

What is the stamp duty for properties in Hari Krishna Nagar?

The stamp duty for properties in Hari Krishna Nagar is charged at 7% of the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office is responsible for Hari Krishna Nagar?

The Ambattur Sub Registrar Office is responsible for Hari Krishna Nagar, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the median guideline value in Kovilpathagai?

The median guideline value in Kovilpathagai is Rs 870 per sq.ft, with Hari Krishna Nagar's current value being below this median.