Guideline Value for Haridoss 1st Cross Street

Haridoss 1st Cross Street guideline value

The current guideline value of Haridoss 1st Cross Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village under the Sembiam SRO, classified as Residential Class II Type - I.

How the guideline value of Haridoss 1st Cross Street has changed

The guideline value for Haridoss 1st Cross Street has undergone several revisions over the years. In 2007, the guideline value was Rs 1,000 per sq.ft, which saw a significant increase to Rs 2,500 per sq.ft in 2012. This value remained unchanged until the 2023 revision, where it was again Rs 2,500 per sq.ft. In 2024, the value increased to Rs 2,700 per sq.ft, marking an 8% rise from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 170%. The register has no figures for the years 2002, 2003, and 2017 for this street.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO, with 2024 guideline values ranging from Rs 2,200 to Rs 6,000 per sq.ft. The median guideline value in this area is Rs 3,300 per sq.ft, making the 2024 figure for Haridoss 1st Cross Street below this median.

• Haridoss 2nd Cross Street: Rs 2,700 per sq.ft (2024)
• Haridoss Street: Rs 3,300 per sq.ft (2024)
• Harbour Colony: Rs 4,400 per sq.ft (2024)
• Green Land Avenue: Rs 2,700 per sq.ft (2024)
• Hi-Tech City: Rs 4,400 per sq.ft (2024)
• Green Avenue: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Haridoss 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, while the registration fee at 2% would be Rs 54,000. Together, the total cost for these fees would be Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Haridoss 1st Cross Street?

The Sub Registrar Office that covers Haridoss 1st Cross Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Kolathur, as it determines the minimum value at which a property can be registered. This value is used to calculate various fees, including stamp duty and registration fees, ensuring that both buyers and sellers are aware of the official valuation of the property.

When a property is sold, the guideline value serves as a reference point for the transaction. If the sale price is higher than the guideline value, the duty will be charged based on the sale price, ensuring that the registration process reflects the true market value of the property.

Frequently asked questions

What is the current guideline value of Haridoss 1st Cross Street?

The current guideline value of Haridoss 1st Cross Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed significantly, from Rs 1,000 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, representing a total increase of 170% since 2007.

What is the classification of land on Haridoss 1st Cross Street?

Haridoss 1st Cross Street is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office covering Haridoss 1st Cross Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011.

What fees are associated with buying property on Haridoss 1st Cross Street?

When buying property on Haridoss 1st Cross Street, the fees include stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.