Guideline Value for Harijan Colony

Harijan Colony guideline value

The current guideline value for Harijan Colony in Zaminpallavaram village, under the Pallavaram SRO, is Rs 2,160 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class III Type - I.

How the guideline value of Harijan Colony has changed

The guideline value for Harijan Colony has undergone several revisions over the years. In 2003, the value was Rs 168 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2007, marking a change of +257%. The value then rose to Rs 2,000 per sq.ft in 2012, reflecting an increase of +233%. However, from 2012 to 2017, the value decreased to Rs 1,340 per sq.ft, a decline of -33%. The most recent revision in 2024 set the guideline value at Rs 2,160 per sq.ft, representing a substantial increase of +61% from 2017.

Overall, from 2003 to 2024, the guideline value has increased by +1186%. It is important to note that there are no figures available for the revisions in 2023 and 2002 for this street.

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 is below this median.

• Harbar Kuvari Street: Rs 2,100 per sq.ft (2024)
• Harijan Colony Cross 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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,160 per sq.ft, the total guideline value would be Rs 21,60,000. The stamp duty at 7% would amount to Rs 1,51,200, and the registration fee at 2% would be Rs 43,200, bringing the total cost for these fees to Rs 1,94,400. 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 our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Harijan Colony?

The Sub Registrar Office that covers Harijan Colony is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, 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 critical factor in the registration process for buying or selling property in Zaminpallavaram. It determines the minimum value at which property transactions are registered, ensuring that the government receives the appropriate stamp duty and registration fees based on the guideline value or the sale price, whichever is higher.

When you engage in a property transaction, the guideline value will be used to calculate the stamp duty and registration fees, which are essential costs to consider. It is advisable to check the latest guideline values before proceeding with any property transactions.

Frequently asked questions

What is the current guideline value of Harijan Colony?

The current guideline value of Harijan Colony is Rs 2,160 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 168 per sq.ft in 2003 to Rs 2,160 per sq.ft in 2024, reflecting an overall increase of +1186% over the years.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,51,200, and the registration fee would be Rs 43,200, totaling Rs 1,94,400.

Which Sub Registrar Office covers Harijan Colony?

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

What is the land classification of Harijan Colony?

Harijan Colony is classified as Residential Class III Type - I, which is important for determining the guideline value and property regulations in the area.