Guideline Value for Haritha Enclave 6th Street

Haritha Enclave 6th Street guideline value

The current guideline value of Haritha Enclave 6th 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 6th Street has changed

The guideline value for Haritha Enclave 6th Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 3,300 per sq.ft, which is an increase of 10% from the 2023 revision of Rs 3,000 per sq.ft. Prior to that, in 2017, the value was Rs 2,010 per sq.ft, marking a significant increase of 49% from the 2017 figure to the 2023 figure. The 2012 revision also recorded a value of Rs 3,000 per sq.ft, which represents a decrease of 33% from the 2017 value.

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

Guideline values in Tambaram

In Tambaram village, 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 value is Rs 3,300 per sq.ft, which is equal to the current guideline value of Haritha Enclave 6th Street.

• Haritha Enclave 5th Street: Rs 3,300 per sq.ft (2024)
• Haritha Enclave 7th Street: Rs 3,300 per sq.ft (2024)
• Haritha Enclave 4th Street: Rs 3,300 per sq.ft (2024)
• Haritha Enclave 8th Street: Rs 3,300 per sq.ft (2024)
• Haritha Enclave 3rd Street: Rs 3,300 per sq.ft (2024)
• Haritha Enclave 9th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Haritha Enclave 6th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total 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, leading to a total of 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. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Haritha Enclave 6th Street?

The Sub Registrar Office that covers Haritha Enclave 6th Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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 at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of the transaction. Ensuring that the sale price is in line with the guideline value can help avoid potential legal issues during the registration process.

Frequently asked questions

What is the current guideline value of Haritha Enclave 6th Street?

The current guideline value of Haritha Enclave 6th 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 2,010 per sq.ft in 2017 to Rs 3,300 per sq.ft in 2024, with significant increases in 2023 and 2024 revisions.

What is the land classification for Haritha Enclave 6th Street?

Haritha Enclave 6th Street is classified as Residential Class I Type - I.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 33,00,000, leading to a stamp duty of Rs 2,31,000 and a registration fee of Rs 66,000, totaling Rs 2,97,000.

Which office handles the registration for Haritha Enclave 6th Street?

The registration for Haritha Enclave 6th Street is handled by the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.