Guideline Value for GOVT.HOSPITAL

Govt.Hospital guideline value

The current guideline value for Govt.Hospital in Cheyyur is Rs 350 per sq.ft, effective from 1 July 2024. This property is located in the village of Cheyyur under the Cheyyur SRO and is classified as Residential Special Type - III.

How the guideline value of Govt.Hospital has changed

The guideline value for Govt.Hospital has seen several revisions over the years. In the 2017 revision, the value was Rs 234 per sq.ft. This figure remained unchanged in the 2023 revision, but in the 2024 revision, it increased to Rs 350 per sq.ft, showing a 50% increase from the 2017 revision. Notably, the register has no figure for this street for the years 2002, 2003, 2007, and 2012.

From 2017 to 2023, there was a 50% increase, and from 2023 to 2024, the guideline value remained stable with a change of +0%. Overall, from 2017 to 2024, the guideline value has increased by 50%.

Guideline values in Cheyyur - A

In Cheyyur - A, there are 64 streets under the Cheyyur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 500 per sq.ft. The median value for these streets is Rs 101 per sq.ft, positioning the guideline value for Govt.Hospital above this median.

• Gengaiyamman Kovi Street: Rs 350 per sq.ft (2024)
• Gengaiyamman Koil Street: Rs 102 per sq.ft (2024)
• Eswaran Koil Street: Rs 400 per sq.ft (2024)
• Devarajapuram Street: Rs 101 per sq.ft (2024)
• Devarajapuram Salai: Rs 101 per sq.ft (2024)
• Chinna Errikarai Street: Rs 101 per sq.ft (2024)

Stamp duty and registration fee for property in Govt.Hospital

For a 1,000 sq.ft plot at the current guideline value of Rs 350 per sq.ft, the total guideline value would be Rs 3,50,000. The stamp duty at 7% would amount to Rs 24,500, and the registration fee at 2% would be Rs 7,000, making the total fees together Rs 31,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Govt.Hospital?

The Govt.Hospital property falls under the jurisdiction of the Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Cheyyur - A

The guideline value is a crucial factor during the registration process of property transactions in Cheyyur - A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the authorities will assess the guideline value to ensure that the transaction is in compliance with local regulations. This helps maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value for Govt.Hospital?

The current guideline value for Govt.Hospital is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Govt.Hospital has increased from Rs 234 per sq.ft in 2017 to Rs 350 per sq.ft in 2024, reflecting a 50% increase overall.

What are the guideline values of other streets in Cheyyur - A?

Other streets in Cheyyur - A have varying guideline values, with rates ranging from Rs 100 to Rs 500 per sq.ft. The median value for these streets is Rs 101 per sq.ft.

How is the stamp duty calculated for properties in Govt.Hospital?

Stamp duty for properties in Govt.Hospital is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 3,50,000 incurs a stamp duty of Rs 24,500.

Where can I find the Sub Registrar Office for Govt.Hospital?

The Sub Registrar Office covering Govt.Hospital is located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. You can find more details online.