Guideline Value for Harigtan nagar

Harigtan nagar guideline value

The current guideline value of Harigtan nagar is Rs 902 per sq.ft, effective from 1 July 2024. This area is located in Allappakkam village under the Chengleput Joint I SRO, classified as Residential Special Type - IV.

How the guideline value of Harigtan nagar has changed

Over the years, the guideline value of Harigtan nagar has seen several revisions. In 2007, the value was Rs 260 per sq.ft, which increased significantly to Rs 900 per sq.ft in 2012. However, this figure dropped to Rs 603 per sq.ft in 2017. The 2023 revision set the value at Rs 900 per sq.ft, and the most recent 2024 revision has it at Rs 902 per sq.ft. Notably, there are no figures available for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%, while the change from 2012 to 2017 was a decrease of 33%. The substantial rise from 2007 to 2012 was 246%. Overall, the guideline value has increased by 247% from 2007 to 2024.

Guideline values in Allappakkam

In Allappakkam, there are 51 streets under the Chengleput Joint I SRO that have a 2024 guideline value ranging from Rs 600 to Rs 2,000 per sq.ft, with a median value of Rs 1,102 per sq.ft. The guideline value of Harigtan nagar is below this median.

• Govintharaj Nagar: Rs 800 per sq.ft (2024)
• Golden King Nagar: Rs 1,102 per sq.ft (2024)
• Fathima Garden: Rs 1,200 per sq.ft (2024)
• Doctor's Enclave: Rs 902 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 902 per sq.ft (2024)
• Kengu Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Harigtan nagar

For a 1,000 sq.ft plot at the current rate of Rs 902 per sq.ft, the guideline value amounts to Rs 9,02,000. The stamp duty at 7% would be Rs 63,140, and the registration fee at 2% would be Rs 18,040, totaling Rs 81,180. It is important to note that 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 details.

Which Sub Registrar Office covers Harigtan nagar?

The Sub Registrar Office that covers Harigtan nagar is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Allappakkam. It serves as a benchmark for determining the stamp duty and registration fees that are applicable when buying or selling property in the area.

When a property is registered, the guideline value is compared with the sale price. The higher of the two values is used to calculate the stamp duty and registration fees, ensuring that the transaction is compliant with local regulations.

Frequently asked questions

What is the current guideline value of Harigtan nagar?

The current guideline value of Harigtan nagar is Rs 902 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 260 per sq.ft in 2007 to Rs 902 per sq.ft in 2024, showing an overall increase of 247% over the years.

What are the guideline values for other streets in Allappakkam?

Other streets in Allappakkam have varying guideline values ranging from Rs 600 to Rs 1,200 per sq.ft, with the median being Rs 1,102 per sq.ft.

What fees are associated with property registration in Harigtan nagar?

When registering property in Harigtan nagar, the stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Harigtan nagar located?

The Chengleput Joint I Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.