Guideline Value for HAYAGREEVAR NAGAR PHASE III - EXTENSION

Hayagreevar Nagar Phase III - Extension guideline value

The current guideline value of Hayagreevar Nagar Phase III - Extension is Rs 900 per sq.ft. This property is located in Chettipunniyam village, under the Chengleput Joint II SRO, and is classified as Residential Class I Type - I.

How the guideline value of Hayagreevar Nagar Phase III - Extension has changed

The guideline value for Hayagreevar Nagar Phase III - Extension has seen several revisions over the years. The 2012 revision set the value at Rs 900 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 603 per sq.ft. Following this, the 2023 revision brought it back to Rs 900 per sq.ft, maintaining the same figure in the 2024 revision as well.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. However, comparing the 2012 and 2017 revisions shows a decrease of 33%. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 900 per sq.ft.

Guideline values in Chettipunniyam

In Chettipunniyam, there are 47 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 4,750 per sq.ft. The median guideline value for these streets is Rs 900 per sq.ft, which aligns with the current value for Hayagreevar Nagar Phase III - Extension.

• Hallmark Emerald: Rs 4,750 per sq.ft (2024)
• Hygrevar Gardens: Rs 900 per sq.ft (2024)
• Inthira Gandhi Nagar: Rs 700 per sq.ft (2024)
• Golden Nagar: Rs 1,000 per sq.ft (2024)
• G.K. Avenue: Rs 900 per sq.ft (2024)
• Ganesan Nagar: Rs 900 per sq.ft (2024)

Stamp duty and registration fee for property in Hayagreevar Nagar Phase III - Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 900 per sq.ft, the total guideline value would be Rs 9,00,000. The stamp duty at 7% would amount to Rs 63,000, and the registration fee at 2% would be Rs 18,000, resulting in a total of Rs 81,000. It is important to note that 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 Hayagreevar Nagar Phase III - Extension?

The Chengleput Joint II Sub Registrar Office covers Hayagreevar Nagar Phase III - Extension. The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 Chettipunniyam

The guideline value plays a crucial role in the registration process of property transactions in Chettipunniyam. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are calculated based on a standardized value.

It is essential for both buyers and sellers to be aware of the guideline value, as it affects the overall cost of the transaction. Proper understanding of this value can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Hayagreevar Nagar Phase III - Extension?

The current guideline value of Hayagreevar Nagar Phase III - Extension is Rs 900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revisions being Rs 900 per sq.ft in both 2023 and 2024, following a decrease to Rs 603 per sq.ft in 2017.

What is the land classification for Hayagreevar Nagar Phase III - Extension?

Hayagreevar Nagar Phase III - Extension is classified as Residential Class I Type - I, indicating its designation for residential purposes.

Where is the Chengleput Joint II Sub Registrar Office located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Hayagreevar Nagar Phase III - Extension?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For instance, for a 1,000 sq.ft plot at Rs 900 per sq.ft, the stamp duty would be Rs 63,000.