Guideline Value for H.T.L.Staff Colony

H.T.L.Staff Colony guideline value

The current guideline value of H.T.L.Staff Colony is Rs 2,530 per sq.ft, effective from 1 July 2024. This area is located in Mogalivakkam village and falls under the Kunrathur SRO. The land classification for this street is Residential Special Type - III.

How the guideline value of H.T.L.Staff Colony has changed

The guideline value for H.T.L.Staff Colony has seen several revisions over the years. In 2007, the value was Rs 600 per sq.ft, which increased significantly to Rs 2,300 per sq.ft in 2012. However, it then decreased to Rs 1,541 per sq.ft in 2017. The 2023 revision saw it rise to Rs 2,300 per sq.ft, and the most recent revision in 2024 has set the value at Rs 2,530 per sq.ft. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

From 2017 to 2023, the guideline value increased by 49%, followed by a further increase of 10% from 2023 to 2024. The value saw a dramatic rise of 283% from 2007 to 2012, while it experienced a decrease of 33% from 2012 to 2017. Overall, from 2007 to 2024, the guideline value has increased by 322%.

Guideline values in Mogalivakkam

In Mogalivakkam, there are 98 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 2,530 to Rs 6,600 per sq.ft. The median value for these streets is Rs 2,970 per sq.ft, placing H.T.L.Staff Colony's 2024 figure below that median.

• Guruswamy Nagar Extension IV: Rs 3,520 per sq.ft (2024)
• Guruswamy Nagar Extension: Rs 3,520 per sq.ft (2024)
• Guruswamy Nagar: Rs 3,520 per sq.ft (2024)
• Gowri Nagar Extension: Rs 2,530 per sq.ft (2024)
• Gowri Nagar: Rs 2,970 per sq.ft (2024)
• Jawaharlal Street: Rs 2,530 per sq.ft (2024)

Stamp duty and registration fee for property in H.T.L.Staff Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value would be Rs 25,30,000. The stamp duty at 7% would amount to Rs 1,77,100, while the registration fee at 2% would be Rs 50,600, bringing the total to Rs 2,27,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers H.T.L.Staff Colony?

The H.T.L.Staff Colony is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Mogalivakkam. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these charges are calculated based on the official rates set by the government.

When buying or selling property, the guideline value helps in establishing a fair price for the transaction, which is essential for both buyers and sellers. It ensures transparency and compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of H.T.L.Staff Colony?

The current guideline value of H.T.L.Staff Colony is Rs 2,530 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 600 per sq.ft in 2007 to Rs 2,530 per sq.ft in 2024, reflecting an overall increase of 322% over the years.

What are the stamp duty and registration fees for properties in H.T.L.Staff Colony?

For a plot of 1,000 sq.ft, the total guideline value is Rs 25,30,000, with a stamp duty of Rs 1,77,100 and a registration fee of Rs 50,600, totaling Rs 2,27,700.

Which Sub Registrar Office covers H.T.L.Staff Colony?

The Kunrathur Sub Registrar Office covers H.T.L.Staff Colony, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for H.T.L.Staff Colony?

The land classification for H.T.L.Staff Colony is Residential Special Type - III, indicating its designated use for residential purposes.