Guideline Value for Harikrishna Street

Harikrishna Street guideline value

The current guideline value of Harikrishna Street is Rs 1,200 per sq.ft, as per the 2023 revision. This street is located in Vandalur village, under the Gooduvancheri SRO, and is classified as Residential Class I Type - I.

How the guideline value of Harikrishna Street has changed

The guideline value for Harikrishna Street has undergone several revisions over the years. In the 2007 revision, the guideline value was Rs 550 per sq.ft. This increased significantly to Rs 1,200 per sq.ft in the 2012 revision, marking a notable rise of 118%. However, in the 2017 revision, the value decreased to Rs 804 per sq.ft, which was a decline of 33%. The most recent revision in 2023 saw the guideline value rise again to Rs 1,200 per sq.ft, representing an increase of 49% from the previous revision.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 118%. It is important to note that there are no figures available for the years 2002, 2003, and 2024 for this street.

Guideline values in Vandalur

Currently, there are no specific village figures available for Vandalur. However, Harikrishna Street is part of the Gooduvancheri SRO. Unfortunately, there are no other streets in Vandalur listed with their guideline values.

Stamp duty and registration fee for property in Harikrishna Street

For a 1,000 sq.ft plot at the current rate of Rs 1,200 per sq.ft, the guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total to Rs 1,08,000. It is essential to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Harikrishna Street?

The Sub Registrar Office that covers Harikrishna Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process for property transactions in Vandalur. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these fees are calculated based on a recognized value for the property.

It is important for buyers and sellers to be aware of the current guideline value, as it directly impacts the financial obligations during the registration process. This ensures transparency and compliance with local regulations in property transactions.

Frequently asked questions

What is the current guideline value of Harikrishna Street?

The current guideline value of Harikrishna Street is Rs 1,200 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 550 per sq.ft in 2007 to Rs 1,200 per sq.ft in 2012, then decreased to Rs 804 per sq.ft in 2017, and finally returned to Rs 1,200 per sq.ft in 2023.

Are there any figures available for the 2024 revision?

No, the register has no figure for Harikrishna Street for the 2024 revision.

What are the stamp duty and registration fees for property in Harikrishna Street?

For a property valued at Rs 12,00,000, the stamp duty would be Rs 84,000 and the registration fee would be Rs 24,000, totaling Rs 1,08,000.

Which office handles the registration for Harikrishna Street?

The Gooduvancheri Sub Registrar Office handles the registration for Harikrishna Street, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.