Guideline Value for HANUMAR KOIL STREET

Hanumar Koil Street guideline value

The current guideline value of Hanumar Koil Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village under the Pallavaram SRO, and the land classification is Mixed Type - I.

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 the 2012 revision, the value was set at Rs 3,500 per sq.ft. This figure decreased to Rs 2,345 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value saw a significant increase of 60%, reaching Rs 3,750 per sq.ft. The latest revision in 2024 raised the guideline value to Rs 3,850 per sq.ft, reflecting an increase of 3% from the previous year.

It is important to note that there are no figures available for Hanumar Koil Street in the revisions from 2002, 2003, and 2007. Overall, the guideline value has increased by 10% from 2012 to 2024.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO that have a 2024 guideline value ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value is Rs 3,300 per sq.ft, placing Hanumar Koil Street's 2024 figure above this median.

• Harbar Kuvari Street: Rs 2,100 per sq.ft (2024)
• Harijan Colony: Rs 2,160 per sq.ft (2024)
• Harijan Colony Cross Street: Rs 2,100 per sq.ft (2024)
• High Way Nagar West R.K.V.Avenue Extention: Rs 2,200 per sq.ft (2024)
• Highways Co.Op.Society Layout: Rs 3,520 per sq.ft (2024)
• G.S.T. Road West Side Road: Rs 11,000 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 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, and the registration fee at 2% would be Rs 77,000. Together, the total cost for these fees would be Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Hanumar Koil Street?

The Sub Registrar Office that covers Hanumar Koil Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Zaminpallavaram. It serves as a reference point for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Hanumar Koil Street?

The current guideline value of Hanumar Koil Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2012 to Rs 2,345 per sq.ft in 2017, then increased to Rs 3,750 per sq.ft in 2023, and finally to Rs 3,850 per sq.ft in 2024.

What is the land classification of Hanumar Koil Street?

Hanumar Koil Street is classified as Mixed Type - I.

Where can I find the Sub Registrar Office for Hanumar Koil Street?

The Sub Registrar Office for Hanumar Koil Street is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Zaminpallavaram?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value would incur a total guideline value of Rs 38,50,000, with corresponding stamp duty and registration fees calculated accordingly.