Guideline Value for HASTHAGIRI STREET

Hasthagiri Street guideline value

The current guideline value of Hasthagiri Street in Puliyur village, under the Kodambakkam SRO, is Rs 5,800 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - I land classification.

How the guideline value of Hasthagiri Street has changed

The guideline value of Hasthagiri Street has seen significant changes over the years. In 2002, the value was Rs 795 per sq.ft. This increased to Rs 873 per sq.ft in 2003, marking a 10% rise. The value further rose to Rs 1,300 per sq.ft in 2007, reflecting a 49% increase. By 2012, the value was Rs 5,300 per sq.ft, which remained unchanged until 2023. In 2023, the value was again Rs 5,300 per sq.ft, with no change from the previous revision. The most recent revision in 2024 saw the guideline value increase to Rs 5,800 per sq.ft, a 9% rise from the 2023 figure.

Overall, from 2002 to 2024, the guideline value has increased by 630%. The register has no figure for this street in 2017.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value for these streets is Rs 5,800 per sq.ft, which is equal to the current guideline value of Hasthagiri Street.

• Haribabu Street: Rs 5,800 per sq.ft (2024)
• Guhan Street: Rs 4,400 per sq.ft (2024)
• Inbarajapuram 1st Street: Rs 4,600 per sq.ft (2024)
• Inbarajapuram 2nd Street: Rs 4,600 per sq.ft (2024)
• Inbarajapuram Main Road: Rs 4,600 per sq.ft (2024)
• Govindaraj Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Hasthagiri Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,800 per sq.ft, the total guideline value would be Rs 58,00,000. The stamp duty at 7% would amount to Rs 4,06,000, and the registration fee at 2% would be Rs 1,16,000, bringing the total fees to Rs 5,22,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Hasthagiri Street?

The Sub Registrar Office that covers Hasthagiri Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Puliyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. These fees are based on the guideline value or the actual sale price, whichever is higher, ensuring compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Hasthagiri Street?

The current guideline value of Hasthagiri Street is Rs 5,800 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased significantly over the years, from Rs 795 per sq.ft in 2002 to Rs 5,800 per sq.ft in 2024, marking a total increase of 630%.

What are the stamp duty and registration fees for property in Hasthagiri Street?

For a property valued at Rs 58,00,000, the stamp duty would be Rs 4,06,000 and the registration fee would be Rs 1,16,000, totaling Rs 5,22,000.

Which office handles the registration of properties in Hasthagiri Street?

The Kodambakkam Sub Registrar Office handles the registration of properties in Hasthagiri Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the minimum value for property registration and is essential for calculating stamp duty and registration fees during property transactions in Puliyur.