Guideline Value for Haritha Enclave 10th Street

Haritha Enclave 10th Street guideline value

The current guideline value of Haritha Enclave 10th Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Tambaram village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Haritha Enclave 10th Street has changed

The guideline value for Haritha Enclave 10th Street has undergone several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which was later reduced by 33% to Rs 2,010 per sq.ft in the 2017 revision. The 2023 revision increased the value to Rs 3,000 per sq.ft, and the most recent 2024 revision raised it to Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Tambaram

In Tambaram, there are 360 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 8,250 per sq.ft. The median guideline value is Rs 3,300 per sq.ft, which is equal to the current value for Haritha Enclave 10th Street.

• Haritha Enclave: Rs 3,300 per sq.ft (2024)
• Haritha Enclave 1st Street: Rs 3,300 per sq.ft (2024)
• Haritha Enclave 2nd Street: Rs 3,300 per sq.ft (2024)
• Haritha Enclave 3rd Street: Rs 3,300 per sq.ft (2024)
• Haritha Enclave 4th Street: Rs 3,300 per sq.ft (2024)
• Haritha Enclave 5th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Haritha Enclave 10th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. 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 detailed calculations.

Which Sub Registrar Office covers Haritha Enclave 10th Street?

The Sub Registrar Office that covers Haritha Enclave 10th Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process of property transactions in Tambaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is referenced to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Haritha Enclave 10th Street?

The current guideline value of Haritha Enclave 10th Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024, marking a 10% increase. It was Rs 2,010 per sq.ft in 2017 and Rs 3,000 per sq.ft in 2012, showing a significant increase over the years.

What is the land classification for Haritha Enclave 10th Street?

Haritha Enclave 10th Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

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

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000. These fees are calculated based on the higher of the guideline value or the sale price.

Which office handles the registration for Haritha Enclave 10th Street?

The registration for Haritha Enclave 10th Street is handled by the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.