Guideline Value for Sri Sri Hariharan Nagar

Sri Sri Hariharan Nagar guideline value

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

How the guideline value of Sri Sri Hariharan Nagar has changed

The guideline value for Sri Sri Hariharan Nagar has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 550 per sq.ft, an increase from Rs 500 per sq.ft in 2023, marking a 10% rise. Prior to that, the 2017 revision recorded a value of Rs 335 per sq.ft, which means there was a significant increase of 49% from 2017 to 2023. Overall, from 2017 to 2024, the guideline value has increased by 64%.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Manimangalam A

In Manimangalam A, there are 112 streets under the Padappai SRO that carry a guideline value for 2024, ranging from Rs 550 to Rs 2,500 per sq.ft. The median guideline value in this area is Rs 880 per sq.ft, placing the guideline value of Sri Sri Hariharan Nagar below this median.

• Sri Vetri Nagar: Rs 880 per sq.ft (2024)
• Sri Ram Nagar: Rs 770 per sq.ft (2024)
• Sri Rajagopala Swamy Sannathi Street: Rs 880 per sq.ft (2024)
• Sri Meenakshi Nagar: Rs 880 per sq.ft (2024)
• Sri Lakshmi Nagar Extn: Rs 770 per sq.ft (2024)
• Sri Lakshmi Nagar: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Sri 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 amount to Rs 5,50,000. The stamp duty, charged at 7%, would be Rs 38,500, while the registration fee at 2% would be Rs 11,000, bringing the total fees to 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 more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Sri Hariharan Nagar?

The Sub Registrar Office that covers Sri Sri Hariharan Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Manimangalam A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that the transaction is compliant with local regulations. Buyers and sellers should be aware of the guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Sri Sri Hariharan Nagar?

The current guideline value of Sri 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 335 per sq.ft in 2017 to Rs 550 per sq.ft in 2024, representing an overall increase of 64% over the seven years.

What is the land classification for Sri Sri Hariharan Nagar?

Sri Sri Hariharan Nagar is classified as Residential Class III Type - I, indicating its designation for residential purposes.

What are the stamp duty and registration fees for property transactions?

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. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Sri Sri Hariharan Nagar?

The Padappai Sub Registrar Office handles registrations for Sri Sri Hariharan Nagar, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.