Guideline Value for Haridoss Street

Haridoss Street guideline value

The current guideline value of Haridoss Street in Kolathur village under the Sembiam SRO is Rs 3,300 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - I land classification.

How the guideline value of Haridoss Street has changed

The guideline value for Haridoss Street has undergone several revisions over the years. In 2007, the value was Rs 1,000 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012, marking a 200% rise. However, in 2017, it decreased to Rs 2,010 per sq.ft, reflecting a drop of 33%. The value then rose sharply to Rs 3,000 per sq.ft in 2023, followed by another increase to Rs 3,300 per sq.ft in 2024, which is a 10% increase from the previous year.

There are no figures available for Haridoss Street in the revisions for 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 230%.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO that have a 2024 guideline value ranging from Rs 2,200 to Rs 6,000 per sq.ft. The median value among these streets is Rs 3,300 per sq.ft, which matches the current guideline value of Haridoss Street.

• Haridoss 2nd Cross Street: Rs 2,700 per sq.ft (2024)
• Haridoss 1st Cross Street: Rs 2,700 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 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more accurate calculations based on your specific property details.

Which Sub Registrar Office covers Haridoss Street?

Haridoss Street is covered by the Sembiam Sub Registrar Office located at 5, Papermills Road, Sembiam, Chennai - 600011. For more information, you can find your SRO.

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

The guideline value plays a crucial role in property transactions in Kolathur. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. The guideline value serves as a benchmark for the value of the property, ensuring that the fees are calculated fairly based on the official rates set by the government.

When selling property, the guideline value helps in establishing a baseline for negotiations between buyers and sellers. It ensures that both parties are aware of the minimum value recognized by the authorities, which aids in the registration process.

Frequently asked questions

What is the current guideline value of Haridoss Street?

The current guideline value of Haridoss Street is Rs 3,300 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 3,300 per sq.ft in 2024, showing an overall increase of 230% over the years.

What is the land classification for Haridoss Street?

Haridoss Street falls under the Residential Class I Type - I land classification.

Where can I find the Sembiam Sub Registrar Office?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is stamp duty calculated for properties in Kolathur?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the fees are appropriately assessed during property transactions.