Guideline Value for HANU GARDEN

Hanu Garden guideline value

The current guideline value of Hanu Garden, located in Kannampalayam village under the Kunrathur SRO, is Rs 2,460 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Type - II.

How the guideline value of Hanu Garden has changed

The guideline value for Hanu Garden has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 2,460 per sq.ft, which is a significant increase from the 2023 revision of Rs 1,500 per sq.ft. This change represents a rise of 64%. Prior to that, the 2017 revision also recorded Rs 1,500 per sq.ft, indicating no change from 2017 to 2023. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for Hanu Garden. Therefore, the only revisions that are relevant to this street are from 2017, 2023, and 2024.

Guideline values in Kannampalayam

In Kannampalayam, there are 75 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 765 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 1,375 per sq.ft, placing Hanu Garden's 2024 figure above this median.

• G.P.R.Nagar: Rs 765 per sq.ft (2024)
• Ganathiya Villa Sri Ambal Vijayalakshmi Nagar: Rs 2,460 per sq.ft (2024)
• Jothi Nagar: Rs 1,540 per sq.ft (2024)
• Emarald Park: Rs 765 per sq.ft (2024)
• Karpaga Vinayagar Nagar: Rs 990 per sq.ft (2024)
• Chendur Garden: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Hanu Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 2,460 per sq.ft, the total guideline value amounts to Rs 24,60,000. The stamp duty at 7% would be Rs 1,72,200, and the registration fee at 2% would be Rs 49,200, making the total cost Rs 2,21,400. 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 Hanu Garden?

The Sub Registrar Office that covers Hanu Garden is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Kannampalayam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is assessed to ensure that the transaction adheres to the legal requirements. Buyers and sellers must be aware of the current guideline value to accurately calculate the costs involved in the registration process.

Frequently asked questions

What is the current guideline value of Hanu Garden?

The current guideline value of Hanu Garden is Rs 2,460 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 1,500 per sq.ft in 2023 to Rs 2,460 per sq.ft in 2024, marking a 64% increase. There was no change in the value from 2017 to 2023.

What is the median guideline value for streets in Kannampalayam?

The median guideline value for the 75 streets in Kannampalayam is Rs 1,375 per sq.ft. Hanu Garden's current guideline value is above this median.

What are the registration fees for property in Hanu Garden?

For a property valued at Rs 24,60,000, the stamp duty is Rs 1,72,200, and the registration fee is Rs 49,200, totaling Rs 2,21,400.

Where is the Sub Registrar Office for Hanu Garden located?

The Sub Registrar Office for Hanu Garden is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.