Guideline Value for HANSA GARDEN PHASE III

Hansa Garden Phase III guideline value

The current guideline value of Hansa Garden Phase III is Rs 2,700 per sq.ft, effective from 1 July 2024. This property is located in Rajakilpakkam village, under the Selaiyur SRO, and is classified as Residential Special Type - I.

How the guideline value of Hansa Garden Phase III has changed

The guideline value for Hansa Garden Phase III has undergone several revisions over the years. The earliest recorded revision was in 2012, where the guideline value was set at Rs 2,500 per sq.ft. This was followed by a decrease to Rs 1,675 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value to Rs 2,500 per sq.ft. The most recent revision in 2024 has further increased the guideline value to Rs 2,700 per sq.ft, marking an 8% rise from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Rajakilpakkam

In Rajakilpakkam, there are 384 streets under the Selaiyur SRO, with guideline values in 2024 ranging from Rs 850 to Rs 5,000 per sq.ft. The median guideline value for the village is Rs 2,150 per sq.ft, placing Hansa Garden Phase III above this median.

• Hansa Garden 'P' Block: Rs 2,700 per sq.ft (2024)
• Hansa Garden 'O' Block: Rs 2,700 per sq.ft (2024)
• Hansa Garden 'Q' Block: Rs 2,700 per sq.ft (2024)
• Hansa Garden 'N' Block: Rs 2,700 per sq.ft (2024)
• Hansa Garden 'R' Block: Rs 2,700 per sq.ft (2024)
• Hansa Garden 'M' Block: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Hansa Garden Phase III

For a 1,000 sq.ft plot at the current rate of Rs 2,700 per sq.ft, the guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Hansa Garden Phase III?

The Sub Registrar Office that covers Hansa Garden Phase III is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role when buying or selling property in Rajakilpakkam. It serves as a benchmark for determining the minimum value of a property for registration purposes. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction process.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions within the area.

Frequently asked questions

What is the current guideline value of Hansa Garden Phase III?

The current guideline value of Hansa Garden Phase III is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2023 to Rs 2,700 per sq.ft in 2024, marking an 8% increase. The value was Rs 1,675 per sq.ft in 2017, showing a 49% increase from that year to 2023.

What is the land classification for Hansa Garden Phase III?

Hansa Garden Phase III is classified as Residential Special Type - I, indicating its intended use for residential purposes.

What are the stamp duty and registration fees for property in Hansa Garden Phase III?

For a 1,000 sq.ft plot, the guideline value is Rs 27,00,000, with a stamp duty of Rs 1,89,000 and a registration fee of Rs 54,000. The total fees would amount to Rs 2,43,000.

Which Sub Registrar Office covers Hansa Garden Phase III?

The Selaiyur Sub Registrar Office covers Hansa Garden Phase III, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.