Guideline Value for SRI HAYA GREEVAR NAGAR

Sri Haya Greevar Nagar guideline value

The current guideline value of Sri Haya Greevar Nagar is Rs 550 per sq.ft, effective from 1 July 2024. This area is located in Minjur village and falls under the Ponneri SRO, with a land classification of Residential Class II Type - I.

How the guideline value of Sri Haya Greevar Nagar has changed

The guideline value for Sri Haya Greevar Nagar has undergone several revisions over the years. The earliest recorded revision is from 2017, where the value was Rs 335 per sq.ft. This figure increased to Rs 500 per sq.ft in the 2023 revision, marking a significant rise of 49%. The latest revision in 2024 has set the guideline value at Rs 550 per sq.ft, which is an increase of 10% from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Minjur

In Minjur, there are 179 streets under the Ponneri SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 1,320 per sq.ft. The median value is Rs 550 per sq.ft, which is equal to the current guideline value of Sri Haya Greevar Nagar.

• Sri Janakirathina Nagar: Rs 880 per sq.ft (2024)
• Sri Kamala Nagar: Rs 550 per sq.ft (2024)
• Sri Devi Nagar: Rs 880 per sq.ft (2024)
• Sri Kumaran Nagar: Rs 550 per sq.ft (2024)
• Sri Balaji Nagar: Rs 440 per sq.ft (2024)
• Sri Murali Nagar: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Haya Greevar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value comes to Rs 5,50,000. The stamp duty is charged at 7%, amounting to Rs 38,500, while the registration fee at 2% is Rs 11,000. Together, the total cost for stamp duty and registration fee would be Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Sri Haya Greevar Nagar?

The Sub Registrar Office that covers Sri Haya Greevar Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. For more information, you can find your SRO.

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

The guideline value is a crucial factor when registering property in Minjur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the registration office uses the guideline value to assess the applicable fees. This value helps in maintaining transparency and standardization in property transactions, ensuring that all parties are aware of the costs involved.

Frequently asked questions

What is the current guideline value of Sri Haya Greevar Nagar?

The current guideline value of Sri Haya Greevar Nagar is Rs 550 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 335 per sq.ft to Rs 550 per sq.ft in 2024, marking an overall increase of 64% over the years.

What are the stamp duty rates for property in Sri Haya Greevar Nagar?

The stamp duty for property in Sri Haya Greevar Nagar is charged at 7% of the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office for Sri Haya Greevar Nagar is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

What is the median guideline value in Minjur?

The median guideline value in Minjur is Rs 550 per sq.ft, which is the same as the current guideline value for Sri Haya Greevar Nagar.