Guideline Value for SRI HARI NAGAR

Sri Hari Nagar guideline value

The current guideline value of Sri Hari Nagar, located in Kalvai village under the Thiruporur SRO, is Rs 701 per sq.ft, effective from 1 July 2024. This area is classified as Commercial Class I Type - I.

How the guideline value of Sri Hari Nagar has changed

The guideline value for Sri Hari Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 700 per sq.ft, which was then reduced to Rs 469 per sq.ft in the 2017 revision. Following this, the value increased to Rs 700 per sq.ft in the 2023 revision, and it has remained unchanged at Rs 701 per sq.ft in the 2024 revision. There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2017 to 2023, there was a significant increase of 49%. However, the overall change from 2012 to 2024 shows no net change, as the value has returned to Rs 701 per sq.ft, the same as it was in 2012. The guideline value has fluctuated over the years but has stabilized in recent revisions.

Guideline values in Kalvai

In Kalvai village, 31 streets fall under the Thiruporur SRO, with 2024 guideline values ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value for these streets is Rs 1,000 per sq.ft, placing Sri Hari Nagar's 2024 figure below this median.

• Sri Ganesh Nagar: Rs 400 per sq.ft (2024)
• Sri Krishna Nagar: Rs 1,000 per sq.ft (2024)
• Sri Durgha Avenue: Rs 600 per sq.ft (2024)
• Sri Baba Nagar: Rs 600 per sq.ft (2024)
• Sri PRAGALATH NAGAR: Rs 1,493 per sq.ft (2024)
• Sks-Sekar Square: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Hari Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 701 per sq.ft, the total guideline value amounts to Rs 7,01,000. The stamp duty is calculated at 7%, which totals Rs 49,070, and the registration fee is 2%, amounting to Rs 14,020. Therefore, the total cost for stamp duty and registration fee together is Rs 63,090. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Hari Nagar?

Sri Hari Nagar is covered by the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kalvai. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the guideline value is often compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sri Hari Nagar?

The current guideline value of Sri Hari Nagar is Rs 701 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has seen fluctuations, with a peak of Rs 700 per sq.ft in 2012, a drop to Rs 469 per sq.ft in 2017, and then returning to Rs 700 per sq.ft in 2023. The value is now Rs 701 per sq.ft as of the 2024 revision.

What are the other streets with guideline values in Kalvai?

Other streets in Kalvai have varying guideline values, ranging from Rs 400 to Rs 1,493 per sq.ft in 2024. Notable streets include Sri Ganesh Nagar at Rs 400, Sri Krishna Nagar at Rs 1,000, and Sri PRAGALATH NAGAR at Rs 1,493 per sq.ft.

How is stamp duty calculated in Sri Hari Nagar?

Stamp duty in Sri Hari Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 701 per sq.ft incurs a total guideline value of Rs 7,01,000, leading to a stamp duty of Rs 49,070.

Where can I find the Sub Registrar Office for Sri Hari Nagar?

The Sub Registrar Office covering Sri Hari Nagar is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find more details through the appropriate links.