Guideline Value for Haritha Enclave 3rd Street

Haritha Enclave 3rd Street guideline value

The current guideline value of Haritha Enclave 3rd 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 3rd Street has changed

The guideline value for Haritha Enclave 3rd Street has seen several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which was then reduced to Rs 2,010 per sq.ft in the 2017 revision, marking a decrease of 33%. Following this, the 2023 revision increased the value to Rs 3,000 per sq.ft, and the most recent 2024 revision raised it further to Rs 3,300 per sq.ft, an increase of 10% from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. Notably, there are no recorded figures for the years 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 for these streets is Rs 3,300 per sq.ft, which matches the current value for Haritha Enclave 3rd Street.

• Haritha Enclave 2nd Street: Rs 3,300 per sq.ft (2024)
• Haritha Enclave 4th Street: Rs 3,300 per sq.ft (2024)
• Haritha Enclave 1st Street: Rs 3,300 per sq.ft (2024)
• Haritha Enclave 5th Street: Rs 3,300 per sq.ft (2024)
• Haritha Enclave 10th Street: Rs 3,300 per sq.ft (2024)
• Haritha Enclave 6th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Haritha Enclave 3rd Street

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, making the total 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. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Haritha Enclave 3rd Street?

The Haritha Enclave 3rd Street falls under 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 in property transactions in Tambaram, as it determines the minimum value on which stamp duty is calculated. When registering a property, buyers must pay stamp duty based on the higher of the guideline value or the sale price, ensuring that the government receives appropriate revenue from property transactions.

Understanding the guideline value helps buyers and sellers negotiate fair prices and ensures compliance with local regulations during the registration process. It is advisable to check the latest guideline values before proceeding with any property transaction.

Frequently asked questions

What is the current guideline value of Haritha Enclave 3rd Street?

The current guideline value of Haritha Enclave 3rd 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 2012 to Rs 2,010 per sq.ft in 2017, then back to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What are the stamp duty and registration fees for a property in Haritha Enclave 3rd Street?

For a property valued at Rs 33,00,000, the stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000.

Which office handles property registrations for Haritha Enclave 3rd Street?

The Tambaram Joint 1 Sub Registrar Office handles property registrations for Haritha Enclave 3rd Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.

What is the significance of the guideline value in property transactions?

The guideline value is significant as it determines the minimum value for calculating stamp duty during property transactions. Buyers must pay duty based on the higher of the guideline value or the actual sale price.