Guideline Value for SARTHAR PATEL STREET

Sarthar Patel Street guideline value

The current guideline value of Sarthar Patel 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 Sarthar Patel Street has changed

The guideline value for Sarthar Patel Street has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 550 per sq.ft. This increased significantly to Rs 1,650 per sq.ft in the 2012 revision, marking a 200% increase. However, in the 2017 revision, the value dropped to Rs 1,105 per sq.ft, reflecting a decrease of 33%. The most recent 2023 revision has brought the value back up to Rs 1,650 per sq.ft, which is a 49% increase from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 200%. It is important to note that the register has no figures for the years 2002, 2003, and 2024 for this street.

Guideline values in Navaloor

Currently, there are no specific guideline values provided for other streets in Navaloor. Sarthar Patel Street is the only street mentioned in the context of guideline values.

Stamp duty and registration fee for property in Sarthar Patel 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, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. 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 Sarthar Patel Street?

The Sub Registrar Office that covers Sarthar Patel 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 details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Navaloor. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Sarthar Patel Street?

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

How much has the guideline value changed over the years?

Since the 2007 revision, the guideline value has increased by 200%. The value was Rs 550 per sq.ft in 2007, rose to Rs 1,650 per sq.ft in 2012, dropped to Rs 1,105 per sq.ft in 2017, and returned to Rs 1,650 per sq.ft in 2023.

What are the stamp duty and registration fees for properties on Sarthar Patel Street?

For a property valued at 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. The duty is charged on the higher of the guideline value or the sale price.

Which Sub Registrar Office covers Sarthar Patel Street?

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

Are there other streets in Navaloor with guideline values?

Currently, there are no specific guideline values provided for other streets in Navaloor. Sarthar Patel Street is the only street mentioned in this context.