Guideline Value for Harijon's Colony

Harijon's Colony guideline value

The current guideline value of Harijon's Colony in Perungalathur village is Rs 1,650 per sq.ft, effective from 1 July 2024. This area falls under the Padappai SRO and is classified as Residential Class IV Type - II.

How the guideline value of Harijon's Colony has changed

In the 2007 revision, the guideline value was Rs 200 per sq.ft. This figure saw a significant increase in the 2012 revision, where it rose to Rs 1,500 per sq.ft, marking a change of +650%. However, in the 2017 revision, the value decreased to Rs 1,005 per sq.ft, resulting in a -33% change. The 2023 revision saw a substantial increase to Rs 1,500 per sq.ft, with a change of +49%. The most recent 2024 revision has further increased the guideline value to Rs 1,650 per sq.ft, which is a +10% change from the previous year.

There are no figures available for the years 2002 and 2003 for this street in the register. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by +725%.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft, with a median value of Rs 2,310 per sq.ft. The guideline value for Harijon's Colony is below this median.

• Haritha Enclave (M.S.): Rs 1,650 per sq.ft (2024)
• Ilango Street: Rs 2,310 per sq.ft (2024)
• Gopal Nagar: Rs 2,970 per sq.ft (2024)
• Indra Gandhi Street: Rs 2,640 per sq.ft (2024)
• Good Will Nagar Extension: Rs 2,310 per sq.ft (2024)
• Good Will Nagar: Rs 2,310 per sq.ft (2024)

Stamp duty and registration fee for property in Harijon's Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, making the total charges Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Harijon's Colony?

The Sub Registrar Office that covers Harijon's Colony is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions as it determines the minimum value at which a property can be registered. When buying or selling property in Perungalathur, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory during the registration process.

Frequently asked questions

What is the current guideline value of Harijon's Colony?

The current guideline value of Harijon's Colony is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, reflecting an overall increase of +725% over the years.

What is the land classification of Harijon's Colony?

Harijon's Colony is classified as Residential Class IV Type - II, indicating its designation for residential purposes.

What are the stamp duty rates for property transactions?

The stamp duty rate is 7% of the guideline value or sale price, whichever is higher, and the registration fee is 2% of the guideline value or sale price.

Where can I find more information about the Sub Registrar Office?

The Padappai Sub Registrar Office covers Harijon's Colony, and you can find more information about it by visiting the relevant link provided.