Guideline Value for THIRU NARAYANA GURU SALAI (A) HUNTERS ROAD

Thiru Narayana Guru Salai (A) Hunters Road guideline value

The current guideline value of Thiru Narayana Guru Salai (A) Hunters Road is Rs 12,100 per sq.ft, effective from 1 July 2024. This street is located in Purasaivakkam village, under the Purasaivakkam SRO, and is classified as Residential Special Type - II.

How the guideline value of Thiru Narayana Guru Salai (A) Hunters Road has changed

Over the years, the guideline value of Thiru Narayana Guru Salai (A) Hunters Road has seen significant changes. The 2007 revision set the value at Rs 3,000 per sq.ft, which increased to Rs 11,000 per sq.ft in 2012, marking a substantial rise of 267%. However, the value dropped to Rs 7,370 per sq.ft in 2017, a decrease of 33%. The subsequent revisions saw the value rise again to Rs 11,000 per sq.ft in 2023, and finally, it reached Rs 12,100 per sq.ft in 2024, reflecting a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2007 revision to the current 2024 figure, there has been an impressive increase of 303%. Notably, the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 18,100 per sq.ft, with a median value of Rs 5,500 per sq.ft. Thiru Narayana Guru Salai (A) Hunters Road's 2024 guideline value is above this median.

• Thirumalayappa Mudali Street: Rs 6,500 per sq.ft (2024)
• Thottikalai Kumarappa Street: Rs 2,200 per sq.ft (2024)
• Thandavarayan Street: Rs 7,100 per sq.ft (2024)
• Thandavan Achary Street: Rs 7,100 per sq.ft (2024)
• Thana Street(A) Kanthappa Mudali High Road: Rs 9,900 per sq.ft (2024)
• Thambuswamy Street & Road: Rs 13,200 per sq.ft (2024)

Stamp duty and registration fee for property in Thiru Narayana Guru Salai (A) Hunters Road

For a 1,000 sq.ft plot at the current guideline value of Rs 12,100 per sq.ft, the total guideline value amounts to Rs 1,21,00,000. The stamp duty at 7% would be Rs 8,47,000, and the registration fee at 2% would be Rs 2,42,000, bringing the total fees to Rs 10,89,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiru Narayana Guru Salai (A) Hunters Road?

The Sub Registrar Office that covers Thiru Narayana Guru Salai (A) Hunters Road is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process for property transactions in Purasaivakkam. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is officially documented and compliant with local regulations.

It is essential for buyers and sellers to be aware of the current guideline value, as it influences the overall cost of the transaction. The guideline value is regularly revised, reflecting changes in the real estate market and land usage, which can affect property transactions in the area.

Frequently asked questions

What is the current guideline value of Thiru Narayana Guru Salai (A) Hunters Road?

The current guideline value of Thiru Narayana Guru Salai (A) Hunters Road is Rs 12,100 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 3,000 per sq.ft in 2007 to Rs 12,100 per sq.ft in 2024, representing an overall increase of 303%.

What is the land classification for Thiru Narayana Guru Salai (A) Hunters Road?

This street is classified as Residential Special Type - II, indicating its designated use for residential purposes.

Where can I find the Purasaivakkam Sub Registrar Office?

The Purasaivakkam Sub Registrar Office is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. This office handles property registrations in the area.

How is the stamp duty calculated for properties in Thiru Narayana Guru Salai (A) Hunters Road?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property valued at Rs 1,21,00,000, the stamp duty would be Rs 8,47,000 at a rate of 7%.