Guideline Value for Hari Sai Nagar

Hari Sai Nagar guideline value

The current guideline value of Hari Sai Nagar is Rs 1,870 per sq.ft, effective from 1 July 2024. This area is located in the village of Mangadu -A under the Kunrathur SRO, classified as Residential Class I Type - I.

How the guideline value of Hari Sai Nagar has changed

The guideline value for Hari Sai Nagar has seen several revisions over the years. The oldest recorded revision is from 2017, where the value was Rs 1,139 per sq.ft. This increased to Rs 1,700 per sq.ft in 2023, marking a significant rise of 49%. The latest revision in 2024 set the value at Rs 1,870 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street in the register.

Guideline values in Mangadu -A

In Mangadu -A, there are 208 streets under the Kunrathur SRO carrying a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median value is Rs 1,870 per sq.ft, which is equal to the current guideline value of Hari Sai Nagar.

• Govindaraj Nagar: Rs 1,540 per sq.ft (2024)
• Indra Nagar: Rs 2,090 per sq.ft (2024)
• Gangai Amman Koil Street: Rs 1,540 per sq.ft (2024)
• Gandhi Nagar / Jeeva Nagar: Rs 1,540 per sq.ft (2024)
• EVP Sri Ram Nagar: Rs 1,870 per sq.ft (2024)
• Eswar Nagar: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Hari Sai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,870 per sq.ft, the total guideline value amounts to Rs 18,70,000. The stamp duty at 7% would be Rs 1,30,900, and the registration fee at 2% would be Rs 37,400. Together, these fees would total Rs 1,68,300. It is important to note that 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 details.

Which Sub Registrar Office covers Hari Sai Nagar?

The Sub Registrar Office covering Hari Sai Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Mangadu -A. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is considered to ensure that the transaction is registered at a fair value. This helps in maintaining transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of Hari Sai Nagar?

The current guideline value of Hari Sai Nagar is Rs 1,870 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,139 per sq.ft in 2017 to Rs 1,870 per sq.ft in 2024, representing an overall increase of 64% over this period.

What are the other streets in Mangadu -A and their guideline values?

Other streets in Mangadu -A include Govindaraj Nagar at Rs 1,540 per sq.ft, Indra Nagar at Rs 2,090 per sq.ft, and EVP Sri Ram Nagar at Rs 1,870 per sq.ft, among others.

How is stamp duty calculated for properties in Hari Sai Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 18,70,000, the stamp duty would be Rs 1,30,900 at 7%.

Where can I find the Sub Registrar Office for Hari Sai Nagar?

The Sub Registrar Office for Hari Sai Nagar is located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find more information by visiting the relevant website.