Guideline Value for Haritha Enclave 5th Street

Haritha Enclave 5th Street guideline value

The current guideline value of Haritha Enclave 5th 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, and is classified as Residential Class I Type - I.

How the guideline value of Haritha Enclave 5th Street has changed

The guideline value for Haritha Enclave 5th Street has undergone 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. Following this, the 2023 revision increased the value to Rs 3,000 per sq.ft, and the latest 2024 revision has raised it to Rs 3,300 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The overall change from 2012 to 2024 reflects a modest increase of 10%.

Guideline values in Tambaram

In Tambaram, there are 360 streets under the Tambaram Joint 1 SRO with a guideline value for 2024 ranging from Rs 880 to Rs 8,250 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, which aligns with the guideline value of Haritha Enclave 5th Street.

• Haritha Enclave 4th Street: Rs 3,300 per sq.ft (2024)
• Haritha Enclave 6th Street: Rs 3,300 per sq.ft (2024)
• Haritha Enclave 3rd Street: Rs 3,300 per sq.ft (2024)
• Haritha Enclave 7th Street: Rs 3,300 per sq.ft (2024)
• Haritha Enclave 2nd Street: Rs 3,300 per sq.ft (2024)
• Haritha Enclave 8th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Haritha Enclave 5th 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 cost for these fees to Rs 2,97,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Haritha Enclave 5th Street?

The Sub Registrar Office that covers Haritha Enclave 5th 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 registering property transactions in Tambaram. It serves as a benchmark for assessing the value of properties and determining the applicable stamp duty and registration fees during the sale or purchase of a property.

When buying or selling property, it is important to be aware that the guideline value may influence the overall transaction costs. Buyers should ensure that they are informed about the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Haritha Enclave 5th Street?

The current guideline value of Haritha Enclave 5th 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, reflecting a 10% increase. The value was Rs 2,010 per sq.ft in 2017, showing a 49% increase from 2017 to 2023.

What is the classification of Haritha Enclave 5th Street?

Haritha Enclave 5th Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Haritha Enclave 5th Street?

The Sub Registrar Office covering Haritha Enclave 5th Street is located at No.26, Mes Road, East Tambaram, Chennai-600059, under the Chengalpattu registration zone.

How is stamp duty calculated for properties in Haritha Enclave 5th Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, at the current guideline value of Rs 33,00,000 for a 1,000 sq.ft plot, the stamp duty would be Rs 2,31,000 at 7%.