Guideline Value for THE ECLAVE - HARINI CITY

The Eclave - Harini City guideline value

The current guideline value of The Eclave - Harini City is Rs 400 per sq.ft, effective from 1 July 2024. It is located in Nelllikuppam village under the Thiruporur SRO, classified as Residential Class I Type - I.

How the guideline value of The Eclave - Harini City has changed

The guideline value for The Eclave - Harini City has undergone several revisions over the years. The 2017 revision set the value at Rs 268 per sq.ft, which remained unchanged in the 2023 revision at Rs 400 per sq.ft. The most recent revision in 2024 also maintained the guideline value at Rs 400 per sq.ft, reflecting no change from the previous year.

Between the 2017 and 2023 revisions, there was a significant increase of 49%. Overall, from 2017 to 2024, the guideline value increased by 49% as well, indicating a consistent value since 2023.

Guideline values in Nelllikuppam

Nelllikuppam village has 45 streets under the Thiruporur SRO with a 2024 guideline value ranging from Rs 400 to Rs 1,600 per sq.ft. The guideline value of The Eclave - Harini City is below the median value of Rs 1,000 per sq.ft for the village.

• The Enclave Extension: Rs 1,000 per sq.ft (2024)
• Sri Thirumalai Nagar: Rs 1,005 per sq.ft (2024)
• Vanavil Isai Nila Enclave: Rs 1,200 per sq.ft (2024)
• Sri Mangalambigai Nagar: Rs 670 per sq.ft (2024)
• Vgc- IV: Rs 1,600 per sq.ft (2024)
• Vijaya Garden: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in The Eclave - Harini City

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total to Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers The Eclave - Harini City?

The Eclave - Harini City falls under the Thiruporur Sub Registrar Office located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in property transactions in Nelllikuppam. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. This value is established by the Registration Department and is updated periodically to reflect changes in land classification and market conditions.

When buying or selling property, it is essential to be aware of the guideline value as it affects the overall cost of the transaction. Buyers should ensure that they are informed about the current guideline values to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value for The Eclave - Harini City?

The current guideline value for The Eclave - Harini City is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft since 2023, reflecting no change from the previous year. From 2017 to 2023, the value increased by 49% from Rs 268 per sq.ft.

What are the stamp duty and registration fees for properties in The Eclave - Harini City?

For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000 and the registration fee would be Rs 8,000, totaling Rs 36,000. The duty is charged on the higher of the guideline value or the sale price.

Which Sub Registrar Office covers The Eclave - Harini City?

The Eclave - Harini City is covered by the Thiruporur Sub Registrar Office located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

What is the significance of the guideline value in property transactions?

The guideline value is significant as it determines the stamp duty and registration fees during property transactions. It is established by the Registration Department and is updated periodically to reflect changes in land classification and market conditions.