Guideline Value for Haritha Enclave (M.S.)

Haritha Enclave (M.S.) guideline value

The current guideline value of Haritha Enclave (M.S.) is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is located in Perungalathur village, under the Padappai SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Haritha Enclave (M.S.) has changed

The guideline value for Haritha Enclave (M.S.) has undergone several revisions over the years. In 2012, the guideline value was Rs 1,500 per sq.ft. This figure remained the same in 2012 and saw a decrease to Rs 1,005 per sq.ft in the 2017 revision. Subsequently, the 2023 revision increased the value to Rs 1,500 per sq.ft, and the most recent 2024 revision has set it at Rs 1,650 per sq.ft.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The current increase from 2023 to 2024 is 10%. Overall, from 2012 to 2024, the guideline value has risen by 10%. The register has no figure for the years 2002, 2003, and 2007 for this street.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that have 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. Haritha Enclave (M.S.)'s 2024 guideline value is below this median.

• Harijon's Colony: Rs 1,650 per sq.ft (2024)
• Ilango Street: Rs 2,310 per sq.ft (2024)
• Indra Gandhi Street: Rs 2,640 per sq.ft (2024)
• Indra Nagar: Rs 1,320 per sq.ft (2024)
• Gopal Nagar: Rs 2,970 per sq.ft (2024)
• Good Will Nagar Extension: Rs 2,310 per sq.ft (2024)

Stamp duty and registration fee for property in Haritha Enclave (M.S.)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to 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. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Haritha Enclave (M.S.)?

The Sub Registrar Office that covers Haritha Enclave (M.S.) 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 plays a crucial role when buying or selling property in Perungalathur. It is used to calculate the stamp duty and registration fees that are payable at the time of registration, ensuring that the transaction is officially recognized by the authorities.

When a property is sold, the guideline value is often considered as a benchmark for determining the sale price. Buyers and sellers should be aware that the duty is charged on the higher of the guideline value or the sale price, which can impact the total costs involved in the property transaction.

Frequently asked questions

What is the current guideline value of Haritha Enclave (M.S.)?

The current guideline value of Haritha Enclave (M.S.) 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 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the land classification of Haritha Enclave (M.S.)?

Haritha Enclave (M.S.) is classified as Residential Class IV Type - II.

Where can I find the Sub Registrar Office for Haritha Enclave (M.S.)?

The Sub Registrar Office for Haritha Enclave (M.S.) is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is the stamp duty calculated for properties in Haritha Enclave (M.S.)?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500.