Guideline Value for PRAYAMPATHU HARIJANA COLONY

Prayampathu Harijana Colony guideline value

The current guideline value of Prayampathu Harijana Colony is Rs 878 per sq.ft, effective from 1 July 2024. This colony is located in Chembarambakkam village and falls under the Poonamallee SRO, classified as Residential Class I Type - V.

How the guideline value of Prayampathu Harijana Colony has changed

The guideline value for Prayampathu Harijana Colony has seen several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 878 per sq.ft, an increase of 10% from the 2023 revision which was Rs 800 per sq.ft. Prior to this, there are no figures available for the revisions in 2017, 2012, 2007, 2003, and 2002.

In summary, the only available figures for this street are from the 2023 and 2024 revisions, showing a clear increase in the guideline value. The register does not contain figures for the previous years mentioned, indicating a lack of recorded changes during those periods.

Guideline values in Chembarambakkam

In Chembarambakkam, there are 64 streets under the Poonamallee SRO that have a 2024 guideline value ranging from Rs 550 to Rs 4,000 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value of Rs 878 per sq.ft for Prayampathu Harijana Colony is below this median.

• Raj Temple City: Rs 1,095 per sq.ft (2024)
• Peeraiyampathu Arijana Colony: Rs 878 per sq.ft (2024)
• Pattammal Nagar: Rs 1,540 per sq.ft (2024)
• Patel Street 97/4c,4i,4j,5,6,7,8,9,10: Rs 878 per sq.ft (2024)
• Patel Street: Rs 878 per sq.ft (2024)
• Padavetamman Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Prayampathu Harijana Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 878 per sq.ft, the total guideline value would be Rs 8,78,000. The stamp duty at 7% would amount to Rs 61,460, and the registration fee at 2% would be Rs 17,560, bringing the total fees to Rs 79,020. 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 Prayampathu Harijana Colony?

The Prayampathu Harijana Colony is covered by the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more information.

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

When buying or selling property in Chembarambakkam, the guideline value plays a crucial role in determining the stamp duty and registration fees. Buyers and sellers must be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the correct amounts are paid during the registration process.

It is essential for both parties to understand the implications of the guideline value in the transaction, as it affects the overall cost of buying or selling property in the area. Familiarity with the current guideline values can aid in making informed decisions during property transactions.

Frequently asked questions

What is the current guideline value of Prayampathu Harijana Colony?

The current guideline value of Prayampathu Harijana Colony is Rs 878 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 800 per sq.ft in 2023 to Rs 878 per sq.ft in 2024, marking a 10% increase. There are no recorded figures for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification of Prayampathu Harijana Colony?

Prayampathu Harijana Colony is classified as Residential Class I Type - V. This classification is important for understanding the types of developments allowed in the area.

Where can I find the registration office for Prayampathu Harijana Colony?

The registration office for Prayampathu Harijana Colony is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

How is the stamp duty calculated for property in Chembarambakkam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 8,78,000, the stamp duty would be calculated at 7% of that amount.