Guideline Value for Sri Hariharan Nagar

Sri Hariharan Nagar guideline value

The current guideline value of Sri Hariharan Nagar, located in Pammathukulam village, is Rs 550 per sq.ft, effective from 1 July 2024. This area falls under the Redhills SRO and is classified as Residential Class II Type - I.

How the guideline value of Sri Hariharan Nagar has changed

The guideline value for Sri Hariharan Nagar has undergone several revisions over the years. In 2002, the value was Rs 355 per sq.ft, which changed to Rs 37 per sq.ft in 2003. This marked a significant decrease of 90%. The value then increased dramatically to Rs 200 per sq.ft in 2007, a rise of 441%. By 2012, the guideline value was Rs 500 per sq.ft, reflecting a 150% increase from the previous revision. However, it dropped to Rs 335 per sq.ft in 2017, a decrease of 33%.

From 2017 to 2023, the guideline value rose significantly to Rs 500 per sq.ft, marking an increase of 49%. The most recent revision in 2024 set the guideline value at Rs 550 per sq.ft, which is a 10% increase from the previous year. There are no figures available for the years not mentioned in the register for this street.

Guideline values in Pammathukulam

Pammathukulam village has a total of 101 streets under the Redhills SRO, with guideline values ranging from Rs 330 to Rs 825 per sq.ft. The median value for this area is Rs 550 per sq.ft, which is equal to the current guideline value for Sri Hariharan Nagar.

• Sri Gangai Nagar Extension: Rs 550 per sq.ft (2024)
• Sri Jai Balaji Nagar Part - II: Rs 385 per sq.ft (2024)
• Sri Gangai Nagar: Rs 550 per sq.ft (2024)
• Sri Ganapathy Nagar: Rs 660 per sq.ft (2024)
• Sri Kanniamman Nagar: Rs 660 per sq.ft (2024)
• Sri Karpaga Vinayagar Nagar: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Hariharan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty, charged at 7%, would amount to Rs 38,500, while the registration fee at 2% would be Rs 11,000. Together, the total cost for these fees 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. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Hariharan Nagar?

The Sub Registrar Office that covers Sri Hariharan Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Pammathukulam. It serves as a benchmark for determining the minimum price at which a property can be registered. This value is used to calculate the stamp duty and registration fees that must be paid at the time of registration.

When a property is sold, the sale price cannot be lower than the guideline value. This ensures that the government receives the appropriate revenue from property transactions. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sri Hariharan Nagar?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 355 per sq.ft in 2002 to Rs 550 per sq.ft in 2024, with various increases and decreases in between.

What is the land classification of Sri Hariharan Nagar?

Sri Hariharan Nagar is classified as Residential Class II Type - I.

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

For a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500 and the registration fee would be Rs 11,000, totaling Rs 49,500.

Where is the Sub Registrar Office for Sri Hariharan Nagar located?

The Sub Registrar Office for Sri Hariharan Nagar is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.