Guideline Value for Sri Harish Nagar

Sri Harish Nagar guideline value

The current guideline value of Sri Harish Nagar is Rs 1,760 per sq.ft, effective from 1 July 2024. This area is located in Kunrathour-B village, under the Kunrathur SRO, and is classified as Mixed Special Type - III.

How the guideline value of Sri Harish Nagar has changed

In the 2017 revision, the guideline value was Rs 1,072 per sq.ft. This increased to Rs 1,600 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 saw the guideline value further increase to Rs 1,760 per sq.ft, which is a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has risen by 64%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 660 to Rs 5,130 per sq.ft. The median guideline value in this area is Rs 1,540 per sq.ft, placing Sri Harish Nagar's 2024 figure above that median.

• Sri Hari Avenue: Rs 1,760 per sq.ft (2024)
• Sri IyyappanNagar: Rs 1,760 per sq.ft (2024)
• Sri Kubera Ganapathi Nagar: Rs 1,760 per sq.ft (2024)
• Sri Kumaran Nagar: Rs 1,760 per sq.ft (2024)
• Sri Kutti Vinayaga Avenue: Rs 1,320 per sq.ft (2024)
• Sri Kutty Vinayagar Nagar: Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Harish Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total to Rs 1,58,400. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Harish Nagar?

The Sub Registrar Office that covers Sri Harish 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 Kunrathour-B

The guideline value is an important factor when registering property transactions in Kunrathour-B. It determines the stamp duty and registration fees that need to be paid during the property transfer process.

When you buy or sell property, the guideline value is used to assess the official value of the property for taxation purposes. This ensures that the government receives the appropriate fees based on the property's value as determined by the guideline set by the Registration Department.

Frequently asked questions

What is the current guideline value of Sri Harish Nagar?

The current guideline value of Sri Harish Nagar is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,072 per sq.ft in 2017 to Rs 1,600 per sq.ft in 2023, and then to Rs 1,760 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

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

For a property valued at Rs 17,60,000, the stamp duty would be Rs 1,23,200 and the registration fee would be Rs 35,200, totaling Rs 1,58,400. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office serves Sri Harish Nagar?

Sri Harish Nagar falls under the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Sri Harish Nagar?

Sri Harish Nagar is classified as Mixed Special Type - III, indicating its intended use and zoning regulations in the area.