Guideline Value for Haritha Enclave 8th Street

Haritha Enclave 8th Street guideline value

The current guideline value of Haritha Enclave 8th 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 8th Street has changed

The guideline value for Haritha Enclave 8th Street has seen several revisions over the years. The 2012 revision recorded a value of Rs 3,000 per sq.ft, which was then reduced to Rs 2,010 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 3,000 per sq.ft in the 2023 revision, and finally to Rs 3,300 per sq.ft in the 2024 revision, marking a 10% increase from the previous year. Notably, the register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, the overall change from 2012 to 2024 shows a 10% increase. The most significant jump occurred between the 2017 and 2023 revisions, with a 49% increase in the value.

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 value among these streets is Rs 3,300 per sq.ft, which is equal to the current guideline value for Haritha Enclave 8th Street.

• Haritha Enclave 7th Street: Rs 3,300 per sq.ft (2024)
• Haritha Enclave 9th Street: Rs 3,300 per sq.ft (2024)
• Haritha Enclave 6th Street: Rs 3,300 per sq.ft (2024)
• Haritha Enclave 5th Street: Rs 3,300 per sq.ft (2024)
• Haritha Enclave 4th Street: Rs 3,300 per sq.ft (2024)
• Haritha Enclave 3rd Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Haritha Enclave 8th 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, 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, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Haritha Enclave 8th Street?

The Haritha Enclave 8th 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 serves as a benchmark for property transactions in Tambaram. When buying or selling property, this value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

It is essential for buyers and sellers to be aware of the guideline value to avoid any discrepancies during the registration process. This helps in maintaining transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Haritha Enclave 8th Street?

The current guideline value of Haritha Enclave 8th 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 seen several revisions: Rs 3,000 per sq.ft in 2012, Rs 2,010 per sq.ft in 2017, Rs 3,000 per sq.ft in 2023, and Rs 3,300 per sq.ft in 2024. The most notable change was a 49% increase from 2017 to 2023.

What is the land classification for Haritha Enclave 8th Street?

Haritha Enclave 8th Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property transactions?

For a plot of 1,000 sq.ft at the guideline value of Rs 3,300 per sq.ft, the total guideline value is 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.

Which Sub Registrar Office covers this street?

The Tambaram Joint 1 Sub Registrar Office covers Haritha Enclave 8th Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.