Guideline Value for HASTHINAPURAM SALAI

Hasthinapuram Salai guideline value

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

How the guideline value of Hasthinapuram Salai has changed

The guideline value for Hasthinapuram Salai has undergone several revisions over the years. In 2012, the value was Rs 1,800 per sq.ft, which decreased to Rs 1,206 per sq.ft in 2017, marking a decline of 33%. The value then saw a significant increase to Rs 1,800 per sq.ft in 2023, followed by the current value of Rs 1,960 per sq.ft in 2024, reflecting a rise of 9% from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 9%. The register does not provide 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 guideline values ranging from Rs 1,960 to Rs 3,850 per sq.ft as per the 2024 revision. The median value for these streets is Rs 2,750 per sq.ft, placing Hasthinapuram Salai's 2024 figure below the median.

• Hasthinapuram Salai 1 To 10 Streets: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,960 per sq.ft, the total guideline value would be Rs 19,60,000. The stamp duty at 7% would amount to Rs 1,37,200, and the registration fee at 2% would be Rs 39,200, bringing the total fees together to Rs 1,76,400. Please 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 details.

Which Sub Registrar Office covers Hasthinapuram Salai?

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

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 a property can be registered. Buyers and sellers must be aware of the current guideline value to ensure compliance with registration requirements.

When a property is bought or sold, the guideline value is used to calculate the stamp duty and registration fees. It is essential to refer to the latest revision to ascertain the applicable rates for accurate financial planning.

Frequently asked questions

What is the current guideline value of Hasthinapuram Salai?

The current guideline value of Hasthinapuram Salai 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 1,206 per sq.ft in 2017, then increased to Rs 1,800 per sq.ft in 2023, and is now Rs 1,960 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in Hasthinapuram Salai?

For a property valued at Rs 19,60,000, the stamp duty would be Rs 1,37,200 and the registration fee would be Rs 39,200, totaling Rs 1,76,400.

Which office handles registrations for Hasthinapuram Salai?

The Pallavaram Sub Registrar Office handles registrations for Hasthinapuram Salai, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

What is the median guideline value for streets in Nanmangalam?

The median guideline value for streets in Nanmangalam is Rs 2,750 per sq.ft as per the 2024 revision, with Hasthinapuram Salai's value being below this median.