Guideline Value for Harikanth Amara (Nagar)

Harikanth Amara (Nagar) guideline value

The current guideline value of Harikanth Amara (Nagar) is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Kobarasanallur village, under the Kunrathur SRO. The land classification for this area is Mixed Special Type - II.

How the guideline value of Harikanth Amara (Nagar) has changed

The guideline value for Harikanth Amara (Nagar) has seen several revisions over the years. In 2012, the value was Rs 1,800 per sq.ft, which decreased to Rs 1,206 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,800 per sq.ft in 2023, and then further rose to Rs 1,980 per sq.ft in 2024.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The most recent change from 2023 to 2024 reflects a 10% increase. Overall, the guideline value has increased by 10% from 2012 to 2024. The register has no figures for the years 2002, 2003, and 2007.

Guideline values in Kobarasanallur

Kobarasanallur has 28 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 1,650 to Rs 4,180 per sq.ft. The median value for these streets is Rs 1,980 per sq.ft, which is the same as the guideline value for Harikanth Amara (Nagar).

• Ganapathy Nagar: Rs 1,980 per sq.ft (2024)
• Kesar Nagar: Rs 3,285 per sq.ft (2024)
• KGT Nagar: Rs 1,980 per sq.ft (2024)
• Bharathi Nagar: Rs 1,980 per sq.ft (2024)
• MAC Nagar: Rs 1,980 per sq.ft (2024)
• Madha Koil Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Harikanth Amara (Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, totaling Rs 1,78,200. 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 Harikanth Amara (Nagar)?

The Sub Registrar Office that covers Harikanth Amara (Nagar) is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Kobarasanallur. It determines the minimum value at which a property can be registered, ensuring transparency and standardization in property dealings.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the fees are proportionate to the property's value, providing a fair basis for taxation during the transaction.

Frequently asked questions

What is the current guideline value of Harikanth Amara (Nagar)?

The current guideline value of Harikanth Amara (Nagar) is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,980 per sq.ft in 2024.

What is the land classification for Harikanth Amara (Nagar)?

The land classification for Harikanth Amara (Nagar) is Mixed Special Type - II.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600, and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.