Guideline Value for MARKET STREET

Market Street guideline value

The current guideline value of Market Street is Rs 1,650 per sq.ft, as per the 2023 revision. This street is located in Navaloor village, under the Thiruporur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Market Street has changed

Over the years, the guideline value of Market Street has seen several revisions. The 2007 revision set the value at Rs 550 per sq.ft, which increased significantly to Rs 1,650 per sq.ft in the 2012 revision, marking a 200% increase. However, the value dropped to Rs 1,105 per sq.ft in the 2017 revision, a decrease of 33%. The most recent revision in 2023 has raised the guideline value back to Rs 1,650 per sq.ft, reflecting a 49% increase from the 2017 figure.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for Market Street. Overall, from 2007 to 2023, the guideline value has increased by 200%.

Guideline values in Navaloor

Currently, there are no specific village figures provided for Navaloor. Market Street is the only street mentioned in the available guideline value register. There are no other streets in Navaloor under the Thiruporur SRO.

Stamp duty and registration fee for property in Market Street

For a 1,000 sq.ft plot at the current rate of Rs 1,650 per sq.ft, the guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, while the registration fee at 2% would be Rs 33,000, totaling Rs 1,48,500. It is essential 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 further calculations.

Which Sub Registrar Office covers Market Street?

The Sub Registrar Office that covers Market Street is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Navaloor, the guideline value plays a crucial role in determining the registration fees and stamp duty. The guideline value is used as a basis for calculating the applicable duties and fees, ensuring that the transaction is recorded accurately in the official register.

It is important for buyers and sellers to be aware of the current guideline value, as it can affect the overall cost of the transaction. Understanding how the guideline value is applied can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Market Street?

The current guideline value of Market Street is Rs 1,650 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

From the 2007 revision of Rs 550 per sq.ft, the value increased to Rs 1,650 per sq.ft in 2012, then decreased to Rs 1,105 per sq.ft in 2017, and finally rose back to Rs 1,650 per sq.ft in 2023.

What are the stamp duty and registration fees for a property in Market Street?

For a 1,000 sq.ft plot, the guideline value is Rs 16,50,000. The stamp duty would be Rs 1,15,500, and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which Sub Registrar Office covers Market Street?

The Thiruporur Sub Registrar Office covers Market Street, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

Are there other streets in Navaloor with guideline values?

No specific village figures or other streets in Navaloor have been provided in the guideline value register.