Guideline Value for HILL GROVE TOWN

Hill Grove Town guideline value

The current guideline value for Hill Grove Town, located in Pulikoradu village under the Tambaram Joint 1 SRO, is Rs 2,200 per sq.ft. This value is effective from 1 July 2024. The land classification for this area is Residential Class I Type - II.

How the guideline value of Hill Grove Town has changed

The guideline value for Hill Grove Town has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 2,000 per sq.ft. This was followed by a decrease to Rs 1,340 per sq.ft in 2017, representing a drop of 33%. In 2023, the value increased to Rs 2,000 per sq.ft, and in the latest revision for 2024, it rose to Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49% in the guideline value. Overall, comparing the 2012 and 2024 figures, there has been a 10% increase. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Pulikoradu

In Pulikoradu, there are 62 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 6,600 per sq.ft. The median guideline value for the village is Rs 880 per sq.ft, placing Hill Grove Town's 2024 figure above this median.

• G.S.T. Road: Rs 6,600 per sq.ft (2024)
• Jain Avenue: Rs 2,200 per sq.ft (2024)
• Jayalalitha Street: Rs 1,100 per sq.ft (2024)
• Gangaiamman Koil Street: Rs 880 per sq.ft (2024)
• Gandhi Nagar: Rs 880 per sq.ft (2024)
• Kalangal Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Hill Grove Town

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Hill Grove Town?

The Sub Registrar Office that covers Hill Grove Town is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, 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 Pulikoradu

The guideline value is a crucial factor when registering property transactions in Pulikoradu. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the sale or purchase of property.

When a property is sold or purchased, the guideline value is used to calculate the applicable fees, ensuring that the transaction is recorded accurately in the official records. This helps maintain transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of Hill Grove Town?

The current guideline value of Hill Grove Town is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then back to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification for Hill Grove Town?

The land classification for Hill Grove Town is Residential Class I Type - II.

What are the stamp duty and registration fees for properties in Hill Grove Town?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 22,00,000, the total fees would amount to Rs 1,98,000.

Which Sub Registrar Office covers Hill Grove Town?

The Tambaram Joint 1 Sub Registrar Office covers Hill Grove Town, located at No.26, Mes Road, East Tambaram, Chennai-600059.