Guideline Value for Harinarayanapuram Main Street

Harinarayanapuram Main Street guideline value

The current guideline value of Harinarayanapuram Main 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 Main Street has changed

In the 2007 revision, the guideline value was Rs 600 per sq.ft. This increased to Rs 1,200 per sq.ft in 2012, marking a 100% rise. However, it then decreased to Rs 804 per sq.ft in 2017, a drop of 33%. The value saw a significant increase to Rs 1,200 per sq.ft in the 2023 revision, followed by the latest revision in 2024, which set the value at Rs 1,300 per sq.ft, reflecting an 8% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 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, with 2024 guideline values ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median value is Rs 1,600 per sq.ft, placing Harinarayanapuram Main Street's guideline value below this median.

• Harinarayanapuram 5th Street: Rs 1,300 per sq.ft (2024)
• Harinarayanapuram 4th Street: Rs 1,300 per sq.ft (2024)
• Harinarayanapuram 3rd Street: Rs 1,300 per sq.ft (2024)
• Harinarayanapuram 2nd 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 Main 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, making the total cost Rs 1,17,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Harinarayanapuram Main Street?

The Harinarayanapuram Main Street falls under 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 in the registration process when buying or selling property in Tondaiarpet. It determines the minimum price at which a property can be registered and is used to calculate the stamp duty and registration fees.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair price, reflecting the official value set by the Registration Department. This helps maintain transparency in property transactions.

Frequently asked questions

What is the current guideline value of Harinarayanapuram Main Street?

The current guideline value of Harinarayanapuram Main 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 seen several changes, starting from Rs 600 per sq.ft in 2007, increasing to Rs 1,200 in 2012, dropping to Rs 804 in 2017, rising to Rs 1,200 in 2023, and finally reaching Rs 1,300 in 2024.

What is the land classification for Harinarayanapuram Main Street?

Harinarayanapuram Main Street is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the registration office for Harinarayanapuram Main Street?

The registration office for Harinarayanapuram Main Street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

How is the stamp duty calculated for properties in Tondaiarpet?

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