Guideline Value for Sri Hari Nagar

Sri Hari Nagar guideline value

The current guideline value of Sri Hari Nagar, a village in Sevilimadu - A under the Kanchipuram Joint II SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is classified as Residential 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 2017 revision set the value at Rs 670 per sq.ft. This increased to Rs 1,000 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 has set the guideline value at Rs 1,100 per sq.ft, reflecting a further 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 the register has no figures for this street for the years 2002, 2003, 2007, and 2012.

Guideline values in Sevilimadu - A

In Sevilimadu - A, there are 58 streets under the Kanchipuram Joint II SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,200 per sq.ft, with the median value being Rs 1,100 per sq.ft. The guideline value for Sri Hari Nagar is equal to this median.

• Sri Mahalakshmi Nagar: Rs 1,100 per sq.ft (2024)
• S M G Nagar: Rs 1,100 per sq.ft (2024)
• S.M. Doss Nagar: Rs 1,100 per sq.ft (2024)
• S M Doss Avenue: Rs 1,100 per sq.ft (2024)
• Sivalingam Nagar: Rs 1,100 per sq.ft (2024)
• Sri Sankar Nagar: Rs 875 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 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total fees together Rs 99,000. It is important to note that duty is charged on the higher of the guideline value and 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 falls under the Kanchipuram Joint II Sub Registrar Office located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, in the Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Sevilimadu - A

The guideline value is a crucial factor when registering property transactions in Sri Hari Nagar. It determines the amount of stamp duty and registration fees that need to be paid at the time of registration.

Frequently asked questions

What is the current guideline value of Sri Hari Nagar?

The current guideline value of Sri Hari Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2023, and now to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 64% from 2017 to 2024.

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

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000, and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which Sub Registrar Office covers Sri Hari Nagar?

The Kanchipuram Joint II Sub Registrar Office covers Sri Hari Nagar, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501.

What is the land classification of Sri Hari Nagar?

Sri Hari Nagar is classified as Residential Class I Type - I, indicating its designation for residential development.