Guideline Value for Harinarayanapuram 2nd Street

Harinarayanapuram 2nd Street guideline value

The current guideline value of Harinarayanapuram 2nd 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 2nd Street has changed

The guideline value for Harinarayanapuram 2nd Street has undergone several revisions over the years. In 2007, the value was Rs 600 per sq.ft, which increased to Rs 1,200 per sq.ft in 2012. However, it then decreased to Rs 804 per sq.ft in 2017. The most recent revision in 2024 saw a significant increase to Rs 1,300 per sq.ft.

From 2017 to 2024, there was a notable increase of 62%. The value dropped by 33% from 2012 to 2017, while it doubled from 2007 to 2012. Overall, from 2007 to 2024, the guideline value has increased by 117%. The register has no figures for the years 2023, 2003, and 2002 for this street.

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 is Rs 1,600 per sq.ft, placing Harinarayanapuram 2nd Street's 2024 figure below this median.

• Harinarayanapuram 1st 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 2nd Street

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Harinarayanapuram 2nd Street?

The Sub Registrar Office that covers Harinarayanapuram 2nd Street is 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 plays a crucial role during the registration of property transactions in Tondaiarpet. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling a property, the guideline value is essential for calculating the applicable stamp duty, which is charged based on the higher of the guideline value or the sale price. This ensures transparency in property transactions and helps maintain a fair process in real estate dealings.

Frequently asked questions

What is the current guideline value of Harinarayanapuram 2nd Street?

The current guideline value of Harinarayanapuram 2nd 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% since 2007.

What is the land classification for Harinarayanapuram 2nd Street?

Harinarayanapuram 2nd Street is classified as Residential Class II Type - I according to the guidelines.

Which office handles registrations for Harinarayanapuram 2nd Street?

The Royapuram Sub Registrar Office handles registrations for Harinarayanapuram 2nd Street, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

How is stamp duty calculated for properties in Harinarayanapuram 2nd Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 13,00,000 would incur a stamp duty of Rs 91,000 at 7%.