Guideline Value for Harijan Colony Cross Street

Harijan Colony Cross Street guideline value

The current guideline value of Harijan Colony Cross Street is Rs 2,100 per sq.ft. This street is located in Zaminpallavaram village, under the Pallavaram SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Harijan Colony Cross Street has changed

The guideline value for Harijan Colony Cross Street has undergone several revisions over the years. In 2003, the guideline value was Rs 168 per sq.ft. This increased to Rs 600 per sq.ft in 2007, marking a significant rise of 257%. The value then saw a substantial jump to Rs 2,000 per sq.ft in 2012, reflecting an increase of 233%. However, from 2012 to 2017, the value decreased by 33%, bringing it down to Rs 1,340 per sq.ft. The next revision in 2023 set the value at Rs 2,000 per sq.ft, which was a 49% increase from the previous figure. The most recent revision in 2024 has raised the guideline value to Rs 2,100 per sq.ft, a 5% increase from 2023.

The register does not have a figure for the year 2002 for this street. Overall, from 2003 to 2024, the guideline value has increased by 1,150%.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 2,100 to Rs 11,000 per sq.ft, with a median value of Rs 3,300 per sq.ft. The guideline value for Harijan Colony Cross Street is below this median.

• Harijan Colony: Rs 2,160 per sq.ft (2024)
• Harbar Kuvari Street: Rs 2,100 per sq.ft (2024)
• Hanumar Koil Street: Rs 3,850 per sq.ft (2024)
• High Way Nagar West R.K.V.Avenue Extention: Rs 2,200 per sq.ft (2024)
• Highways Co.Op.Society Layout: Rs 3,520 per sq.ft (2024)
• I.H.F.D. Nagar: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Harijan Colony Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,100 per sq.ft, the total guideline value would be Rs 21,00,000. The stamp duty at 7% would amount to Rs 1,47,000, and the registration fee at 2% would be Rs 42,000, making the total cost Rs 1,89,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Harijan Colony Cross Street?

The Sub Registrar Office that covers Harijan Colony Cross Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, 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 Zaminpallavaram

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which properties can be registered. When buying or selling property in Zaminpallavaram, the guideline value is used to calculate the stamp duty and registration fees, ensuring that both parties are aware of the financial implications involved in the transaction.

It is essential for buyers and sellers to be aware of the current guideline value, as it can influence negotiations and the final sale price. The guideline value serves as a benchmark for property transactions, providing transparency and consistency in the registration process.

Frequently asked questions

What is the current guideline value of Harijan Colony Cross Street?

The current guideline value of Harijan Colony Cross Street is Rs 2,100 per sq.ft, as per the 2024 revision effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2003, the guideline value has increased significantly, from Rs 168 per sq.ft to Rs 2,100 per sq.ft in 2024, marking an overall increase of 1,150%.

What are the stamp duty and registration fees for property in Harijan Colony Cross Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 21,00,000, leading to a stamp duty of Rs 1,47,000 and a registration fee of Rs 42,000, totaling Rs 1,89,000.

Which Sub Registrar Office covers Harijan Colony Cross Street?

The Pallavaram Sub Registrar Office covers Harijan Colony Cross Street, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

Are there other streets with different guideline values in Zaminpallavaram?

Yes, there are several other streets in Zaminpallavaram with varying guideline values. For example, Harijan Colony has a value of Rs 2,160 per sq.ft, while Hanumar Koil Street has a value of Rs 3,850 per sq.ft.