Guideline Value for Harijana Street

Harijana Street guideline value

The current guideline value of Harijana Street in Karasangal village, under the Acchirapakkam SRO, is Rs 103 per sq.ft, effective from 1 July 2024. The land classification for this street is Residential Class I Type - I.

How the guideline value of Harijana Street has changed

The guideline value for Harijana Street has undergone significant changes over the years. In the 2017 revision, the value was set at Rs 27 per sq.ft. This figure saw a substantial increase to Rs 100 per sq.ft in the 2023 revision, reflecting a change of +270%. The most recent revision in 2024 raised the guideline value to Rs 103 per sq.ft, marking a +3% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for Harijana Street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by +281%.

Guideline values in Karasangal

In Karasangal, there are 16 streets under the Acchirapakkam SRO that carry a 2024 guideline value ranging from Rs 103 to Rs 115 per sq.ft. The median value among these streets is Rs 103 per sq.ft, which is the same as the guideline value for Harijana Street.

• Keela Street: Rs 103 per sq.ft (2024)
• Kela Attrankarai Street: Rs 103 per sq.ft (2024)
• Kudiyana Street: Rs 103 per sq.ft (2024)
• Little India: Rs 115 per sq.ft (2024)
• Attrankarai Street: Rs 103 per sq.ft (2024)
• Mela theru: Rs 103 per sq.ft (2024)

Stamp duty and registration fee for property in Harijana Street

For a 1,000 sq.ft plot at the current guideline value of Rs 103 per sq.ft, the total guideline value amounts to Rs 1,03,000. The stamp duty at 7% would be Rs 7,210, and the registration fee at 2% would be Rs 2,060, bringing the total cost together to Rs 9,270. 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 further calculations.

Which Sub Registrar Office covers Harijana Street?

The Sub Registrar Office that covers Harijana Street is the Acchirapakkam Sub Registrar Office, located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Karasangal. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the registration process is standardized.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the costs involved in the transaction, making the process transparent.

Frequently asked questions

What is the current guideline value of Harijana Street?

The current guideline value of Harijana Street is Rs 103 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 27 per sq.ft to Rs 103 per sq.ft in 2024, representing an overall increase of +281%.

What are the stamp duty and registration fees for properties in Harijana Street?

For a property valued at the current guideline value of Rs 1,03,000, the stamp duty would be Rs 7,210 and the registration fee would be Rs 2,060, totaling Rs 9,270.

Which Sub Registrar Office should I contact for Harijana Street?

The Acchirapakkam Sub Registrar Office covers Harijana Street, located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone.

Are there other streets in Karasangal with similar guideline values?

Yes, several other streets in Karasangal have a guideline value of Rs 103 per sq.ft, while one street, Little India, has a higher value of Rs 115 per sq.ft.