Guideline Value for Haridoss 2nd Cross Street

Haridoss 2nd Cross Street guideline value

The current guideline value of Haridoss 2nd Cross Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village and falls under the Sembiam SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Haridoss 2nd Cross Street has changed

Over the years, the guideline value for Haridoss 2nd Cross Street has experienced several revisions. The oldest recorded figure is from 2007, where the guideline value was Rs 1,000 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in 2012, marking a 150% rise. However, there was no change in the guideline value from 2012 to 2023, as it remained at Rs 2,500 per sq.ft. The 2023 revision saw an increase to Rs 2,700 per sq.ft, which is an 8% rise from the previous year.

In summary, the overall change from the 2007 revision to the 2024 revision is a substantial 170%, with the current value of Rs 2,700 per sq.ft reflecting this growth. Notably, there are no figures available for the years 2002, 2003, and 2017 in the register for this street.

Guideline values in Kolathur

In Kolathur village, there are 879 streets under the Sembiam SRO that carry a guideline value for 2024, 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, indicating that Haridoss 2nd Cross Street's 2024 figure is below this median.

• Haridoss 1st 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)
• Hi-Tech City: Rs 4,400 per sq.ft (2024)
• Green Land Avenue: Rs 2,700 per sq.ft (2024)
• Green Avenue: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Haridoss 2nd 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, charged 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 stamp duty and registration fee 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Haridoss 2nd Cross Street?

The Sub Registrar Office that covers Haridoss 2nd Cross Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value plays a crucial role in the property registration process in Kolathur. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees, ensuring that these costs are calculated based on the official rates set by the government.

It is essential for buyers and sellers to be aware of the current guideline value for their specific property, as it directly impacts the financial obligations during the transaction. Understanding these values helps in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of Haridoss 2nd Cross Street?

The current guideline value of Haridoss 2nd Cross 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 from Rs 1,000 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, marking an overall increase of 170%.

What are the stamp duty and registration fees for properties in this area?

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

Which office handles registrations for Haridoss 2nd Cross Street?

The Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011, handles registrations for Haridoss 2nd Cross Street.

What is the land classification for Haridoss 2nd Cross Street?

The land classification for Haridoss 2nd Cross Street is Residential Class II Type - I.