Guideline Value for HI TECH CITY

Hi Tech City guideline value

The current guideline value of Hi Tech City is Rs 800 per sq.ft, effective from 1 July 2024. This area is located in Anjoor village and falls under the Walajabad SRO. The land classification for this region is Residential Special Type - I.

How the guideline value of Hi Tech City has changed

Since the 2012 revision, the guideline value for Hi Tech City has seen a significant increase. In 2012, the guideline value was Rs 100 per sq.ft, which remained unchanged until the 2023 revision. In 2023, the value was again Rs 100 per sq.ft, but in the 2024 revision, it surged to Rs 800 per sq.ft, marking an increase of 700% from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 700%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2017 for this street.

Guideline values in Anjoor

Currently, there are no specific guideline values provided for other areas within Anjoor village. The Hi Tech City guideline value is the only figure available under the Walajabad SRO.

Stamp duty and registration fee for property in Hi Tech City

For a 1,000 sq.ft plot at the current rate of Rs 800 per sq.ft, the guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total to Rs 72,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Hi Tech City?

The Sub Registrar Office that covers Hi Tech City is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Anjoor, the guideline value plays a crucial role in determining the applicable stamp duty and registration fees. The guideline value is used to calculate these fees, ensuring that they are based on a standardized valuation set by the authorities.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly affects the financial aspects of the transaction. Ensuring that the property is registered at the correct guideline value helps in maintaining transparency and compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Hi Tech City?

The current guideline value of Hi Tech City is Rs 800 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 100 per sq.ft in 2012 to Rs 800 per sq.ft in 2024, marking an overall increase of 700% over this period.

What are the registration fees for property in Hi Tech City?

For a property valued at Rs 8,00,000, the stamp duty would be Rs 56,000 and the registration fee would be Rs 16,000, totaling Rs 72,000.

Which office handles registrations for Hi Tech City?

The Walajabad Sub Registrar Office handles registrations for Hi Tech City, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

Are there other streets in Anjoor with guideline values?

Currently, there are no specific guideline values provided for other streets in Anjoor under the Walajabad SRO.