Guideline Value for HASTHINAPURAM SALAI 1 TO 10 STREETS

Hasthinapuram Salai 1 To 10 Streets guideline value

The current guideline value for Hasthinapuram Salai 1 To 10 Streets is Rs 1,960 per sq.ft, effective from 1 July 2024. This area is located in Nanmangalam village under the Pallavaram SRO, classified as Residential Class II Type - I.

How the guideline value of Hasthinapuram Salai 1 To 10 Streets has changed

Over the years, the guideline value for Hasthinapuram Salai 1 To 10 Streets has seen several revisions. The 2012 revision set the value at Rs 1,800 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 1,206 per sq.ft. The 2023 revision increased the value to Rs 1,800 per sq.ft, and the current 2024 revision reflects a further increase to Rs 1,960 per sq.ft, marking a 9% rise from the previous year.

In summary, the guideline value has increased by 49% from 2017 to 2023 and shows an overall increase of 9% from 2012 to 2024. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Nanmangalam

Nanmangalam village has a total of 139 streets under the Pallavaram SRO, with 2024 guideline values ranging from Rs 1,960 to Rs 3,850 per sq.ft. The median guideline value in this area is Rs 2,750 per sq.ft, placing Hasthinapuram Salai 1 To 10 Streets below this median.

• Hasthinapuram Salai: Rs 1,960 per sq.ft (2024)
• Indira Nagar 1 To 8 Streets: Rs 1,980 per sq.ft (2024)
• INDRA NAGAR(NEAR BY SITHARTH NAGAR 1st STREET): Rs 1,980 per sq.ft (2024)
• G.P. Samy Nagar Layout: Rs 3,300 per sq.ft (2024)
• Govindaswamy Nagar: Rs 1,960 per sq.ft (2024)
• Iyyappa Nagar: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Hasthinapuram Salai 1 To 10 Streets

For a 1,000 sq.ft plot at the current guideline value of Rs 1,960 per sq.ft, the total guideline value amounts to Rs 19,60,000. The stamp duty at 7% would be Rs 1,37,200, and the registration fee at 2% would be Rs 39,200, bringing the total cost for these fees to Rs 1,76,400. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Hasthinapuram Salai 1 To 10 Streets?

The Sub Registrar Office that covers Hasthinapuram Salai 1 To 10 Streets 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 details.

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

The guideline value is a crucial factor in property transactions in Nanmangalam, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration fees and stamp duties are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value helps ensure compliance with local regulations during property transactions. It is advisable for buyers to verify the current guideline value before proceeding with any purchase to avoid unexpected costs.

Frequently asked questions

What is the current guideline value for Hasthinapuram Salai 1 To 10 Streets?

The current guideline value for Hasthinapuram Salai 1 To 10 Streets is Rs 1,960 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,960 per sq.ft in 2024, reflecting an overall increase of 9% since 2012.

What is the land classification for Hasthinapuram Salai 1 To 10 Streets?

The land classification for Hasthinapuram Salai 1 To 10 Streets is Residential Class II Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Hasthinapuram Salai 1 To 10 Streets is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2% of the same value.