Guideline Value for Harini Nagar

Harini Nagar guideline value

The current guideline value of Harini Nagar, located in Mevaloorkuppam village under the Sriperumpudur SRO, is Rs 300 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class III Type - I land classification.

How the guideline value of Harini Nagar has changed

Over the years, the guideline value of Harini Nagar has seen several revisions. The 2007 revision set the value at Rs 60 per sq.ft, which increased significantly to Rs 300 per sq.ft in the 2012 revision. However, there was a decrease to Rs 201 per sq.ft in the 2017 revision, followed by a stable value of Rs 300 per sq.ft in both the 2023 and 2024 revisions. Notably, the register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, the guideline value increased by 49%, while the change from 2012 to 2017 was a decrease of 33%. The substantial rise from 2007 to 2012 was 400%, and overall, from 2007 to 2024, the guideline value has increased by 400% as well.

Guideline values in Mevaloorkuppam

In Mevaloorkuppam, there are 69 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 2,400 per sq.ft, with a median value of Rs 400 per sq.ft. The guideline value of Harini Nagar is below this median.

• Happy Land Colony: Rs 400 per sq.ft (2024)
• Green City: Rs 400 per sq.ft (2024)
• Golden Growvilla: Rs 400 per sq.ft (2024)
• Golden Castle: Rs 400 per sq.ft (2024)
• Gangaiyamman Koil Street: Rs 200 per sq.ft (2024)
• Gandhi Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Harini Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. It is important to note that 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 Harini Nagar?

The Sub Registrar Office that covers Harini Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

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, the guideline value is used to calculate the stamp duty and registration fees, ensuring compliance with local regulations.

It is essential for both buyers and sellers to be aware of the guideline value, as it can influence the overall cost of the transaction. Understanding the guideline value helps in making informed decisions during property dealings in Mevaloorkuppam.

Frequently asked questions

What is the current guideline value of Harini Nagar?

The current guideline value of Harini Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 60 per sq.ft in 2007 to Rs 300 per sq.ft in 2012, then decreased to Rs 201 per sq.ft in 2017, and has remained at Rs 300 per sq.ft in 2023 and 2024.

What is the land classification of Harini Nagar?

Harini Nagar falls under the Residential Class III Type - I land classification.

What are the stamp duty and registration fees for property in Harini Nagar?

For a 1,000 sq.ft plot, the total guideline value is Rs 3,00,000, leading to a stamp duty of Rs 21,000 and a registration fee of Rs 6,000, totaling Rs 27,000.

Which Sub Registrar Office covers Harini Nagar?

The Sub Registrar Office that covers Harini Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.