Guideline Value for HILL SIDE AURO NAGAR EXTENSION -1

Hill Side Auro Nagar Extension -1 guideline value

The current guideline value of Hill Side Auro Nagar Extension -1 is Rs 250 per sq.ft. This property is located in Kumili village, under the jurisdiction of the Thiruporur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Hill Side Auro Nagar Extension -1 has changed

Over the years, the guideline value for Hill Side Auro Nagar Extension -1 has seen several revisions. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged until the 2023 revision. The 2017 revision saw a decrease to Rs 167 per sq.ft, followed by a significant increase of 50% to Rs 250 per sq.ft in the 2023 revision. The current 2024 revision maintains this figure at Rs 250 per sq.ft, indicating no change from the previous year.

Additionally, there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained constant, reflecting a 0% change.

Guideline values in Kumili

Kumili village has 21 streets under the Thiruporur SRO, with guideline values ranging from Rs 200 to Rs 1,800 per sq.ft. The median guideline value for the village is Rs 400 per sq.ft, placing Hill Side Auro Nagar Extension -1 below this median value.

• Hill Side Auro Nagar: Rs 250 per sq.ft (2024)
• Hillside Auro Nagar - Shri Ganesha Avenue: Rs 200 per sq.ft (2024)
• Hillside Auro Nagar - Shri Ganesha Avenue Extn.: Rs 200 per sq.ft (2024)
• Jai Nagar: Rs 1,000 per sq.ft (2024)
• Drr Avenue: Rs 1,493 per sq.ft (2024)
• Kirithik Garden Part -II: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Hill Side Auro Nagar Extension -1

For a 1,000 sq.ft plot at the current rate of Rs 250 per sq.ft, the guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, totaling Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Hill Side Auro Nagar Extension -1?

The Hill Side Auro Nagar Extension -1 falls under the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Kumili. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized valuation rather than individual sale prices.

When buying or selling property in Kumili, it is essential to be aware of the current guideline value, as this will directly affect the financial obligations during the registration process. Buyers and sellers should consult the guideline value register to understand their responsibilities accurately.

Frequently asked questions

What is the current guideline value of Hill Side Auro Nagar Extension -1?

The current guideline value of Hill Side Auro Nagar Extension -1 is Rs 250 per sq.ft, effective from July 1, 2024.

How has the guideline value changed over the years?

The guideline value has seen fluctuations, with a decrease to Rs 167 per sq.ft in 2017, followed by an increase back to Rs 250 per sq.ft in 2023 and remaining the same in 2024.

What is the registration office for Hill Side Auro Nagar Extension -1?

The registration office for Hill Side Auro Nagar Extension -1 is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500, and the registration fee would be Rs 5,000, totaling Rs 22,500.

Where can I find more information about the guideline values in Kumili?

For more information about the guideline values in Kumili, you can refer to the guideline value register maintained by the Registration Department, which provides detailed figures for various streets in the area.