Guideline Value for Haritha Enclave 9th Street

Haritha Enclave 9th Street guideline value

The current guideline value of Haritha Enclave 9th 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 9th Street has changed

The guideline value for Haritha Enclave 9th Street has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 3,000 per sq.ft. This was followed by a decrease to Rs 2,010 per sq.ft in 2017, marking a decline of 33%. In 2023, the value increased to Rs 3,000 per sq.ft, and the most recent revision in 2024 set the value at Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%, with a significant rise of 49% from 2017 to 2023.

Guideline values in Tambaram

In Tambaram, there are a total of 360 streets under the Tambaram Joint 1 SRO, with guideline values 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 is equal to the current guideline value of Haritha Enclave 9th Street.

• Haritha Enclave 8th Street: Rs 3,300 per sq.ft (2024)
• Haritha Enclave 7th 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 9th 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 to 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 information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Haritha Enclave 9th Street?

The Sub Registrar Office that covers Haritha Enclave 9th 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 details.

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. Buyers and sellers must consider this value for calculating applicable stamp duty and registration fees during the transaction process.

When buying or selling property, the guideline value serves as a benchmark that ensures fair pricing and compliance with local regulations. It is essential for all parties involved to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Haritha Enclave 9th Street?

The current guideline value of Haritha Enclave 9th 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 is the classification of land in Haritha Enclave 9th Street?

Haritha Enclave 9th Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions in Tamil Nadu is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Haritha Enclave 9th Street?

The Sub Registrar Office for Haritha Enclave 9th Street is located at No.26, Mes Road, East Tambaram, Chennai-600059, under the Chengalpattu registration zone.