Guideline Value for Harinarayanapuram 3rd Street

Harinarayanapuram 3rd Street guideline value

The current guideline value of Harinarayanapuram 3rd Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village under the Royapuram SRO, classified as Residential Class II Type - I.

How the guideline value of Harinarayanapuram 3rd Street has changed

Over the years, the guideline value of Harinarayanapuram 3rd Street has seen several revisions. The 2007 revision set the guideline value at Rs 600 per sq.ft, which increased to Rs 1,200 per sq.ft in 2012, marking a 100% rise. However, this value decreased to Rs 804 per sq.ft in 2017, reflecting a 33% decline. The latest revision in 2024 has brought the guideline value back up to Rs 1,300 per sq.ft, representing a 62% increase from the 2017 figure.

There are no figures available for the years 2023, 2003, and 2002 in the register for this street.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO, with the 2024 guideline values ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median guideline value is Rs 1,600 per sq.ft, indicating that the 2024 figure for Harinarayanapuram 3rd Street is below this median.

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

For a 1,000 sq.ft plot at the current rate of Rs 1,300 per sq.ft, the 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, 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.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Harinarayanapuram 3rd Street?

The Sub Registrar Office that covers Harinarayanapuram 3rd 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 is a crucial factor when registering a property in Tondaiarpet. It serves as the baseline for calculating stamp duty and registration fees, ensuring that the transaction is documented accurately according to government regulations.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property can be registered. This transparency aids in fair dealings and compliance with legal requirements during property transactions.

Frequently asked questions

What is the current guideline value of Harinarayanapuram 3rd Street?

The current guideline value of Harinarayanapuram 3rd Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 600 per sq.ft to Rs 1,300 per sq.ft in 2024, marking an overall increase of 117%. The value saw fluctuations, including a decrease from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017.

What is the land classification for Harinarayanapuram 3rd Street?

Harinarayanapuram 3rd Street is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

Where can I find the Royapuram Sub Registrar Office?

The Royapuram Sub Registrar Office is located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. This office handles registrations for properties in the area.

How is stamp duty calculated for properties in Harinarayanapuram 3rd Street?

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