Guideline Value for HEMACHANDIRA NAGAR

Hemachandira Nagar guideline value

The current guideline value of Hemachandira Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024. This area is located in Minjur village, under the Ponneri SRO, and is classified as Residential Special Type - I.

How the guideline value of Hemachandira Nagar has changed

The guideline value of Hemachandira Nagar has seen several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 1,320 per sq.ft, which is an increase from Rs 1,200 per sq.ft in 2023, marking a 10% rise. Prior to that, in 2017, the guideline value was Rs 804 per sq.ft, indicating a significant increase of 49% from 2017 to 2023. Overall, from 2017 to 2024, the guideline value has increased by 64%.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Minjur

In Minjur, there are 179 streets under the Ponneri SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 1,320 per sq.ft. The median guideline value for these streets is Rs 550 per sq.ft, placing Hemachandira Nagar's 2024 figure above that median.

• Harini Nagar: Rs 550 per sq.ft (2024)
• Harini Avenue: Rs 550 per sq.ft (2024)
• Harilakshmi Nagar: Rs 550 per sq.ft (2024)
• Imaja Gardens: Rs 580 per sq.ft (2024)
• Guru Street: Rs 1,320 per sq.ft (2024)
• Gururagavendhira Nagar: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Hemachandira Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, making the total cost Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Hemachandira Nagar?

The Sub Registrar Office that covers Hemachandira Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Minjur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that both parties are aware of the financial obligations involved in 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 fees. This ensures that the government receives the appropriate revenue from property transactions within the region.

Frequently asked questions

What is the current guideline value of Hemachandira Nagar?

The current guideline value of Hemachandira Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 804 per sq.ft in 2017 to Rs 1,320 per sq.ft in 2024, marking an overall increase of 64% over this period.

What is the median guideline value in Minjur?

The median guideline value for streets in Minjur is Rs 550 per sq.ft, with Hemachandira Nagar's 2024 figure being above this median.

What are the stamp duty and registration fees for a property in Hemachandira Nagar?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty is Rs 92,400, and the registration fee is Rs 26,400, totaling Rs 1,18,800.

Which office handles property registration for Hemachandira Nagar?

The Ponneri Sub Registrar Office is responsible for property registration in Hemachandira Nagar, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.