Guideline Value for HI-TECH NAGAR

Hi-Tech Nagar guideline value

The current guideline value of Hi-Tech Nagar is Rs 9,702 per sq.ft, effective from 1 July 2024. This area is located in 44.Ayanambakkam village under the Konnur SRO, classified as Mixed Type - II.

How the guideline value of Hi-Tech Nagar has changed

In the 2017 revision, the guideline value for Hi-Tech Nagar was Rs 6,500 per sq.ft. This figure remained unchanged in the 2023 revision. However, in the 2024 revision, the guideline value increased significantly to Rs 9,702 per sq.ft, marking a 49% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has risen by 49%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in 44.Ayanambakkam

In 44.Ayanambakkam, there are 157 streets under the Konnur SRO with a 2024 guideline value ranging from Rs 801 to Rs 9,702 per sq.ft. The median value for these streets is Rs 1,300 per sq.ft, indicating that Hi-Tech Nagar's 2024 figure is above this median.

• Indira gandhi street: Rs 880 per sq.ft (2024)
• Indira Nagar: Rs 880 per sq.ft (2024)
• Indira Street: Rs 880 per sq.ft (2024)
• Janasakthi Nagar: Rs 802 per sq.ft (2024)
• Glenmore Garden: Rs 7,100 per sq.ft (2024)
• Geesan Ayanampakam Housing Colony: Rs 3,100 per sq.ft (2024)

Stamp duty and registration fee for property in Hi-Tech Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 9,702 per sq.ft, the total guideline value amounts to Rs 97,02,000. The stamp duty at 7% would be Rs 6,79,140, and the registration fee at 2% would be Rs 1,94,040, bringing the total fees together to Rs 8,73,180. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher.

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

Which Sub Registrar Office covers Hi-Tech Nagar?

The Sub Registrar Office that covers Hi-Tech Nagar is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in 44.Ayanambakkam

The guideline value is a critical factor during the registration of property transactions in 44.Ayanambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When you register a property, the guideline value is compared to the sale price, and the duty is charged on the higher of the two. This ensures that the fees reflect the property's worth accurately, as determined by the government’s valuation.

Frequently asked questions

What is the current guideline value of Hi-Tech Nagar?

The current guideline value of Hi-Tech Nagar is Rs 9,702 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from 2017 to 2024?

From 2017 to 2024, the guideline value of Hi-Tech Nagar has increased by 49%, from Rs 6,500 per sq.ft to Rs 9,702 per sq.ft.

What was the guideline value in 2023?

The guideline value for Hi-Tech Nagar in 2023 was Rs 6,500 per sq.ft, which remained unchanged from the 2017 revision.

Are there any years with no guideline value for Hi-Tech Nagar?

Yes, the register has no figures for Hi-Tech Nagar for the years 2002, 2003, 2007, and 2012.

What is the registration office for Hi-Tech Nagar?

The registration office for Hi-Tech Nagar is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.