Guideline Value for Narathapuri Anumarkoil Street

Narathapuri Anumarkoil Street guideline value

The current guideline value of Narathapuri Anumarkoil Street is Rs 2,380 per sq.ft, effective from 1 July 2024. This street is located in Hastinapuram village and falls under the Pallavaram SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Narathapuri Anumarkoil Street has changed

The guideline value for Narathapuri Anumarkoil Street has seen several revisions over the years. The earliest available figure is from 2007, where the value was Rs 400 per sq.ft. This increased significantly to Rs 2,200 per sq.ft in 2012, marking a 450% rise. However, the value then decreased to Rs 1,474 per sq.ft in 2017, reflecting a decline of 33%. The subsequent revision in 2023 saw the value rise to Rs 2,200 per sq.ft, and the latest revision in 2024 established the current value at Rs 2,380 per sq.ft, an increase of 8% from the previous year.

It is important to note that the register does not contain figures for Narathapuri Anumarkoil Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 495%.

Guideline values in Hastinapuram

In Hastinapuram, there are 277 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 1,650 to Rs 4,400 per sq.ft, with a median value of Rs 2,970 per sq.ft. The guideline value of Narathapuri Anumarkoil Street is below this median.

• Narathapuri Kamala Street: Rs 2,970 per sq.ft (2024)
• Narathapuri Srinivasan Street: Rs 2,920 per sq.ft (2024)
• Narathapuri Suguna Street: Rs 2,380 per sq.ft (2024)
• Nallappa Street: Rs 2,970 per sq.ft (2024)
• Nehru Nagar: Rs 4,400 per sq.ft (2024)
• Muvendar Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Narathapuri Anumarkoil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,380 per sq.ft, the total guideline value would be Rs 23,80,000. The stamp duty at 7% would amount to Rs 1,66,600, and the registration fee at 2% would be Rs 47,600, making the total charges Rs 2,14,200. 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 Narathapuri Anumarkoil Street?

The Sub Registrar Office that covers Narathapuri Anumarkoil Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical component in the registration process when buying or selling property in Hastinapuram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When registering a property, the guideline value will influence the stamp duty and registration fees that need to be paid. Buyers and sellers should be aware of the current guideline value to accurately calculate these costs and comply with legal requirements during the transaction.

Frequently asked questions

What is the current guideline value of Narathapuri Anumarkoil Street?

The current guideline value of Narathapuri Anumarkoil Street is Rs 2,380 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 400 per sq.ft in 2007 to Rs 2,380 per sq.ft in 2024, marking an overall increase of 495% over this period.

What are the guideline values of other streets in Hastinapuram?

Other streets in Hastinapuram have varying guideline values, ranging from Rs 1,650 to Rs 4,400 per sq.ft, with Narathapuri Kamala Street at Rs 2,970 per sq.ft and Nehru Nagar at Rs 4,400 per sq.ft.

What is the registration fee for property in Narathapuri Anumarkoil Street?

The registration fee for a property in Narathapuri Anumarkoil Street is calculated based on the guideline value, which is currently Rs 2,380 per sq.ft. For a 1,000 sq.ft property, the total registration fee would be Rs 47,600.

Where can I find the Sub Registrar Office for Narathapuri Anumarkoil Street?

The Sub Registrar Office for Narathapuri Anumarkoil Street is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.