Guideline Value for Haridoss 2nd Street

Haridoss 2nd Street guideline value

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

How the guideline value of Haridoss 2nd Street has changed

The guideline value for Haridoss 2nd Street has seen several revisions over the years. In the 2003 revision, the value was Rs 528 per sq.ft, which increased to Rs 800 per sq.ft in 2007. The 2012 revision set the value at Rs 2,500 per sq.ft, but it dropped to Rs 1,675 per sq.ft in 2017. The value then rose significantly to Rs 2,500 per sq.ft in 2023, before reaching the current rate of Rs 2,700 per sq.ft in 2024.

Between these revisions, the changes were notable. From 2003 to 2007, there was a +52% increase, followed by a remarkable +213% rise from 2007 to 2012. However, the value decreased by -33% from 2012 to 2017. The guideline value then increased by +49% from 2017 to 2023, and finally, there was an +8% rise from 2023 to 2024. The register has no figure for this street in 2002.

Guideline values in Peravallur

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

• Haridoss 1st 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 2nd 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, bringing the total to Rs 2,43,000. It's important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Haridoss 2nd Street?

The Sub Registrar Office covering Haridoss 2nd 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 Peravallur

The guideline value serves as a benchmark for property transactions in Peravallur. When buying or selling property, this value is used to determine the applicable stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

Additionally, the guideline value helps in assessing the fair value of properties in the area. Buyers and sellers can use this information to make informed decisions during property transactions.

Frequently asked questions

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

The current guideline value of Haridoss 2nd 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 over the years, with the most recent increase being from Rs 2,500 per sq.ft in 2023 to Rs 2,700 per sq.ft in 2024, a change of +8%.

What is the land classification for Haridoss 2nd Street?

Haridoss 2nd Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the other streets in Peravallur with similar guideline values?

Other streets in Peravallur with similar guideline values include Haridoss 1st Street and Guruswamy Street (George Colony), both at Rs 2,700 per sq.ft as of 2024.

Where can I find the Sembiam Sub Registrar Office?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find more details about this office online.