Guideline Value for SREE HARI NAGAR

Sree Hari Nagar guideline value

The current guideline value of Sree Hari Nagar, located in Kobarasanallur village under the Kunrathur SRO, is Rs 2,750 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of Sree Hari Nagar has changed

Over the years, the guideline value of Sree Hari Nagar has seen several revisions. The 2012 revision set the guideline value at Rs 2,500 per sq.ft, which then decreased to Rs 1,675 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 2,500 per sq.ft, and the most recent 2024 revision raised it further to Rs 2,750 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Specifically, the change from 2017 to 2023 was an increase of 49%, followed by a 10% increase from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kobarasanallur

Kobarasanallur village comprises 28 streets under the Kunrathur SRO, with guideline values ranging from Rs 1,650 to Rs 4,180 per sq.ft. The median guideline value for these streets is Rs 1,980 per sq.ft, placing Sree Hari Nagar's 2024 figure above this median.

• Sri Devi Nagar: Rs 1,980 per sq.ft (2024)
• Sri Moogambigai Nagar Extn: Rs 2,750 per sq.ft (2024)
• Sri Mookambikai Nagar: Rs 2,750 per sq.ft (2024)
• Sri Murugan Nagar: Rs 3,285 per sq.ft (2024)
• Sri Nagalakshmi Nagar: Rs 1,980 per sq.ft (2024)
• Sri Neminath Nagar: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Sree Hari Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, resulting in a total of Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sree Hari Nagar?

The Sub Registrar Office that covers Sree Hari Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Kobarasanallur. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that these fees are based on a standardized valuation of the property.

When buying or selling property, it is essential to consider the guideline value as it impacts the overall cost of the transaction. Buyers should be aware that the stamp duty is calculated on the higher of the guideline value or the sale price, which can significantly affect the total expenses involved in the property transaction.

Frequently asked questions

What is the current guideline value of Sree Hari Nagar?

The current guideline value of Sree Hari Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then increased to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,750 per sq.ft in 2024.

What is the land classification for Sree Hari Nagar?

Sree Hari Nagar falls under the Residential Class II Type - I land classification.

What are the stamp duty and registration fees for a property in Sree Hari Nagar?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, resulting in a total of Rs 2,47,500.

Where is the Sub Registrar Office for Sree Hari Nagar located?

The Kunrathur Sub Registrar Office, which covers Sree Hari Nagar, is located at No.59, Road Street, Kundrathur, Chennai -600 069.