Guideline Value for Harinarayanapuram 4th Street

Harinarayanapuram 4th Street guideline value

The current guideline value of Harinarayanapuram 4th 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 4th Street has changed

The guideline value for Harinarayanapuram 4th 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, marking a 100% rise. However, it decreased to Rs 804 per sq.ft in 2017, reflecting a decline of 33%. The most recent revision in 2024 set the value at Rs 1,300 per sq.ft, which is a significant increase of 62% from the 2017 figure.

It is important to note that there are no figures available for the years 2023, 2003, and 2002 for this street. Overall, from 2007 to 2024, 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 4th Street is below the median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total 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, bringing the total fees together 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 information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Harinarayanapuram 4th Street?

The Sub Registrar Office that covers Harinarayanapuram 4th Street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Tondaiarpet. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value as per government standards.

When registering a property, buyers must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government collects appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Harinarayanapuram 4th Street?

The current guideline value of Harinarayanapuram 4th 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, marking an overall increase of 117% over the years.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft property, the total fees would amount to Rs 1,17,000.

Which Sub Registrar Office covers this street?

The Royapuram Sub Registrar Office covers Harinarayanapuram 4th Street, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

What is the land classification for Harinarayanapuram 4th Street?

Harinarayanapuram 4th Street is classified as Residential Class II Type - I, indicating its suitability for residential purposes.