Guideline Value for Haridoss 1st Street

Haridoss 1st Street guideline value

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

How the guideline value of Haridoss 1st Street has changed

The guideline value for Haridoss 1st Street has undergone several revisions over the years. In 2007, the guideline value was Rs 800 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012, marking a rise of 213%. However, it then decreased to Rs 1,675 per sq.ft in 2017, reflecting a decline of 33%. The value saw a substantial increase to Rs 2,500 per sq.ft in 2023, followed by a further rise to Rs 2,700 per sq.ft in 2024, resulting in an 8% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has increased by 238%. It is important to note that there are no figures available for the revisions in 2002 and 2003 for Haridoss 1st Street.

Guideline values in Peravallur

In Peravallur, there are 423 streets under the Sembiam SRO, with 2024 guideline values ranging from Rs 2,200 to Rs 7,100 per sq.ft. The median guideline value for the village is Rs 3,301 per sq.ft, placing Haridoss 1st Street's 2024 value below this median.

• Haridoss 2nd Street: Rs 2,700 per sq.ft (2024)
• Guruswamy Street (George Colony): Rs 2,700 per sq.ft (2024)
• Hightension Line Road: Rs 3,301 per sq.ft (2024)
• Govindasamy Street (Vetri Nagar): Rs 3,301 per sq.ft (2024)
• Gopalapuram Bajanai Koil 3rd Street: Rs 3,301 per sq.ft (2024)
• Gopalapuram Bajanai Koil 2nd Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Haridoss 1st 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, and the registration fee at 2% would be Rs 54,000, bringing the total to Rs 2,43,000. It is important to note that 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 Street?

The Sub Registrar Office that covers Haridoss 1st 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 Peravallur

The guideline value serves as a benchmark for determining the minimum value at which a property can be registered in Peravallur. When buying or selling property, the guideline value is important for calculating stamp duty and registration fees, which are necessary for the legal transfer of property ownership.

It is essential for buyers and sellers to be aware of the guideline value as it affects the overall cost of the transaction. Accurate knowledge of the guideline value ensures compliance with legal requirements during property registration.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 800 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, marking an overall increase of 238% over the years.

What is the median guideline value in Peravallur?

The median guideline value in Peravallur is Rs 3,301 per sq.ft, which is higher than the current guideline value of Haridoss 1st Street.

What are the stamp duty and registration fees for property in Haridoss 1st Street?

The stamp duty for a property valued at Rs 27,00,000 would be Rs 1,89,000, and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Which office handles property registration for Haridoss 1st Street?

The Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011, handles property registration for Haridoss 1st Street.