Guideline Value for Haritha Enclave 2nd Street

Haritha Enclave 2nd Street guideline value

The current guideline value of Haritha Enclave 2nd Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Tambaram village under the Tambaram Joint 1 SRO, classified as Residential Class I Type - I.

How the guideline value of Haritha Enclave 2nd Street has changed

The guideline value for Haritha Enclave 2nd Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 3,300 per sq.ft, which is a 10% increase from the 2023 revision of Rs 3,000 per sq.ft. Prior to that, the 2017 revision recorded a value of Rs 2,010 per sq.ft, indicating a significant increase of 49% to the 2023 figure. The 2012 revision also had a value of Rs 3,000 per sq.ft, which was a decrease of 33% from the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by 10%.

It is important to note that there are no recorded figures for Haritha Enclave 2nd Street in the revisions of 2002, 2003, and 2007. The 2012, 2017, 2023, and 2024 revisions provide a clearer picture of the changes in the guideline values over time.

Guideline values in Tambaram

In Tambaram village, there are 360 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 880 to Rs 8,250 per sq.ft. The median value among these streets is Rs 3,300 per sq.ft, which aligns with the guideline value of Haritha Enclave 2nd Street for 2024.

• Haritha Enclave 1st Street: Rs 3,300 per sq.ft (2024)
• Haritha Enclave 3rd Street: Rs 3,300 per sq.ft (2024)
• Haritha Enclave 10th Street: Rs 3,300 per sq.ft (2024)
• Haritha Enclave 4th Street: Rs 3,300 per sq.ft (2024)
• Haritha Enclave: 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 2nd 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 fees to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Haritha Enclave 2nd Street?

The Sub Registrar Office that covers Haritha Enclave 2nd Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the 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 is a crucial factor when buying or selling property in Tambaram, as it determines the minimum price at which a property can be registered. Buyers must pay stamp duty and registration fees based on this value, ensuring that the transaction is documented legally and accurately.

When a property is sold, the guideline value serves as a reference point for both parties. It helps in assessing the fair value of the property and ensures that the transaction complies with local regulations, protecting the interests of both buyers and sellers.

Frequently asked questions

What is the current guideline value of Haritha Enclave 2nd Street?

The current guideline value of Haritha Enclave 2nd 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. The value was Rs 2,010 per sq.ft in 2017 and Rs 3,000 per sq.ft in 2012, showing significant fluctuations over the years.

What are the other streets in Tambaram with the same guideline value?

Other streets in Tambaram with the same guideline value of Rs 3,300 per sq.ft include Haritha Enclave 1st Street, Haritha Enclave 3rd Street, Haritha Enclave 10th Street, Haritha Enclave 4th Street, and Haritha Enclave 5th Street.

What is the stamp duty for property in Haritha Enclave 2nd Street?

The stamp duty for property in Haritha Enclave 2nd Street is calculated at 7% of the guideline value. For a 1,000 sq.ft plot, this amounts to Rs 2,31,000 based on the current guideline value.

Where can I find the Sub Registrar Office for Haritha Enclave 2nd Street?

The Sub Registrar Office for Haritha Enclave 2nd Street is located at No.26, Mes Road, East Tambaram, Chennai-600059. This office falls under the Chengalpattu registration zone.