Guideline Value for Harinarayanapuram 1st Street

Harinarayanapuram 1st Street guideline value

The current guideline value for Harinarayanapuram 1st Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village, under the Royapuram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Harinarayanapuram 1st Street has changed

The guideline value for Harinarayanapuram 1st Street has undergone several revisions over the years. The earliest recorded revision was in 2007, where the value was Rs 600 per sq.ft. This increased significantly to Rs 1,200 per sq.ft in 2012, marking a 100% rise. However, in the 2017 revision, the value dropped to Rs 804 per sq.ft, reflecting a decrease of 33%. The most recent revision in 2024 has set the guideline value at Rs 1,300 per sq.ft, which is an increase of 62% from 2017.

It is important to note that the register has no figures for the years 2002, 2003, and 2023 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 117%.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median value for these streets is Rs 1,600 per sq.ft, indicating that the guideline value for Harinarayanapuram 1st Street is below this median.

• Harinarayanapuram 2nd Street: Rs 1,300 per sq.ft (2024)
• Harinarayanapuram 3rd Street: Rs 1,300 per sq.ft (2024)
• Harinarayanapuram 4th Street: Rs 1,300 per sq.ft (2024)
• Harinarayanapuram 5th Street: Rs 1,300 per sq.ft (2024)
• Harinarayanapuram Main Street: Rs 1,300 per sq.ft (2024)
• Harbour Railway: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Harinarayanapuram 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, while the registration fee at 2% would be Rs 26,000, bringing the total cost to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Harinarayanapuram 1st Street?

The Harinarayanapuram 1st Street is covered by the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Tondaiarpet. It serves as the benchmark for determining the stamp duty and registration fees that are applicable when a property is bought or sold.

When engaging in a property transaction, buyers and sellers must consider the guideline value as it directly impacts the financial obligations associated with the registration process. This ensures that all transactions are conducted in accordance with the legal framework established by the Registration Department.

Frequently asked questions

What is the current guideline value for Harinarayanapuram 1st Street?

The current guideline value for Harinarayanapuram 1st Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2024, reflecting an overall increase of 117% over this period.

What is the land classification for Harinarayanapuram 1st Street?

Harinarayanapuram 1st Street is classified as Residential Class II Type - I.

Which office handles registrations for properties in Harinarayanapuram 1st Street?

The Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021, handles registrations for properties in Harinarayanapuram 1st Street.

What are the stamp duty and registration fees based on the guideline value?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value. For example, for a property valued at Rs 13,00,000, the total fees would amount to Rs 1,17,000.