Guideline Value for HANUMAR KOIL STREET

Hanumar Koil Street guideline value

The current guideline value of Hanumar Koil Street is Rs 8,800 per sq.ft, effective from 1 July 2024. This street is located in Mambalam village, under the Thiyagaraya nagar SRO, and is classified as Residential Special Type - II.

How the guideline value of Hanumar Koil Street has changed

The guideline value for Hanumar Koil Street has undergone several revisions over the years. In 2002, the guideline value was Rs 587 per sq.ft, which increased to Rs 651 per sq.ft in 2003, marking an 11% rise. The value saw a significant jump to Rs 1,500 per sq.ft in 2007, reflecting a 130% increase. By 2012, the value was Rs 8,000 per sq.ft, which was a 433% increase from the previous revision. However, it then decreased to Rs 5,360 per sq.ft in 2017, representing a decline of 33%.

In 2023, the guideline value was revised to Rs 8,000 per sq.ft, and the most recent revision in 2024 set it at Rs 8,800 per sq.ft, marking a 10% increase. Overall, from 2002 to 2024, the guideline value for Hanumar Koil Street has increased by 1,399%.

Guideline values in Mambalam

In Mambalam, there are 163 streets under the Thiyagaraya nagar SRO that carry a 2024 guideline value ranging from Rs 4,400 to Rs 22,000 per sq.ft, with a median value of Rs 6,600 per sq.ft. Hanumar Koil Street's 2024 figure is above this median.

• Hospital Road Anna Street: Rs 7,700 per sq.ft (2024)
• Govindan Road: Rs 12,100 per sq.ft (2024)
• Indira Gandhi Street Appavoo Nagar: Rs 7,700 per sq.ft (2024)
• Gokulam Colony: Rs 8,800 per sq.ft (2024)
• Janaki Ammal Street: Rs 8,800 per sq.ft (2024)
• Gandhi Street Western Side Easwaran Koil Street East To West: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Hanumar Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 8,800 per sq.ft, the total guideline value amounts to Rs 88,00,000. The stamp duty at 7% would be Rs 6,16,000, and the registration fee at 2% would be Rs 1,76,000, bringing the total to Rs 7,92,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Hanumar Koil Street?

The Sub Registrar Office that covers Hanumar Koil Street is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property in Mambalam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Hanumar Koil Street?

The current guideline value of Hanumar Koil Street is Rs 8,800 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 587 per sq.ft in 2002 to Rs 8,800 per sq.ft in 2024, representing an overall increase of 1,399%.

What is the land classification for Hanumar Koil Street?

Hanumar Koil Street is classified as Residential Special Type - II.

Where can I find the registration office for Hanumar Koil Street?

The registration office for Hanumar Koil Street is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35.

How is stamp duty calculated for properties in Mambalam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 88,00,000, the stamp duty would be calculated at 7% of that amount.