Guideline Value for Haritha Enclave

Haritha Enclave guideline value

The current guideline value of Haritha Enclave in Tambaram village is Rs 3,300 per sq.ft, effective from 1 July 2024. This property falls under the Tambaram Joint 1 SRO and is classified as Residential Class I Type - I.

How the guideline value of Haritha Enclave has changed

The guideline value for Haritha Enclave has seen significant changes over the years. In 2002, the guideline value was Rs 153 per sq.ft, which increased to Rs 189 per sq.ft in 2003, marking a 24% rise. The value continued to climb to Rs 895 per sq.ft in 2007, reflecting a substantial increase of 374%. Following this, the 2017 revision set the guideline value at Rs 2,010 per sq.ft, which was a 125% increase from the previous revision. The most recent revision in 2024 has set the value at Rs 3,300 per sq.ft, representing a 64% increase from 2017.

It is important to note that the register has no figures for the years 2012 and 2023 for this street. Overall, from 2002 to 2024, the guideline value has increased by 2057%.

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 is Rs 3,300 per sq.ft, which is equal to the current guideline value for Haritha Enclave.

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

Stamp duty and registration fee for property in Haritha Enclave

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 duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Haritha Enclave?

The Sub Registrar Office that covers Haritha Enclave 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 determining the minimum value at which a property can be registered, ensuring that the transaction is in line with government regulations.

When you buy or sell property, the guideline value will be used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller adhere to the legal requirements set forth by the authorities.

Frequently asked questions

What is the current guideline value of Haritha Enclave?

The current guideline value of Haritha Enclave 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 increased from Rs 153 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 2057%.

What are the stamp duty and registration fees for property in Haritha Enclave?

For a 1,000 sq.ft plot, 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 Haritha Enclave?

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

Are there other streets in Haritha Enclave with the same guideline value?

Yes, several other streets in Haritha Enclave have the same guideline value of Rs 3,300 per sq.ft for 2024, including Haritha Enclave 1st Street, 2nd Street, 3rd Street, 4th Street, and 5th Street.