Guideline Value for Hariyana Street

Hariyana Street guideline value

The current guideline value of Hariyana Street in Ambattur village, under the Ambattur SRO, is Rs 2,600 per sq.ft, effective from 1 July 2024. The land classification for this street is Residential Class III Type - I.

How the guideline value of Hariyana Street has changed

The guideline value for Hariyana Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,400 per sq.ft, which was then reduced to Rs 1,608 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 2,400 per sq.ft in the 2023 revision, and the most recent revision in 2024 established the current value at Rs 2,600 per sq.ft, marking an 8% increase from the previous year.

In summary, the changes between the revisions show that from 2017 to 2023, there was a notable increase of 49%, while the shift from 2012 to 2017 saw a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median value for these streets is Rs 3,600 per sq.ft, placing Hariyana Street's 2024 figure below this median.

• Harikrishna naidu Street: Rs 4,000 per sq.ft (2024)
• High school Road: Rs 6,600 per sq.ft (2024)
• Hi Living Pristine: Rs 6,500 per sq.ft (2024)
• Hospital Road: Rs 2,500 per sq.ft (2024)
• Ibrahim Street: Rs 2,500 per sq.ft (2024)
• ICF Colony: Rs 3,600 per sq.ft (2024)

Stamp duty and registration fee for property in Hariyana Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,600 per sq.ft, the total guideline value amounts to Rs 26,00,000. The stamp duty at 7% would be Rs 1,82,000, and the registration fee at 2% would be Rs 52,000, bringing the total to Rs 2,34,000. It is important to note that the 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 Hariyana Street?

The Sub Registrar Office that covers Hariyana Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ambattur

The guideline value is a crucial factor in the registration of property transactions in Ambattur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps to establish a fair price for the transaction. Buyers should be aware that the stamp duty and registration fees are calculated based on the higher of the guideline value or the actual sale price, which can impact overall costs.

Frequently asked questions

What is the current guideline value of Hariyana Street?

The current guideline value of Hariyana Street is Rs 2,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,400 per sq.ft in 2012 to Rs 1,608 per sq.ft in 2017, then increased to Rs 2,400 per sq.ft in 2023, and finally to Rs 2,600 per sq.ft in 2024.

What is the land classification for Hariyana Street?

The land classification for Hariyana Street is Residential Class III Type - I.

What is the stamp duty rate for properties in Ambattur?

The stamp duty rate for properties in Ambattur is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Hariyana Street?

The Sub Registrar Office covering Hariyana Street is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.