Guideline Value for HILL VIEW RESIDENCY PHASE -1 (CHEN)

Hill View Residency Phase -1 (Chen) guideline value

The current guideline value for Hill View Residency Phase -1 (Chen) is Rs 1,100 per sq.ft, effective from 1 July 2024. This property is located in Sengundram - 1 village and falls under the Chengleput Joint II SRO with a land classification of Residential Special Type - III.

How the guideline value of Hill View Residency Phase -1 (Chen) has changed

The guideline value for Hill View Residency Phase -1 (Chen) has seen several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which remained unchanged until the 2017 revision when it dropped to Rs 670 per sq.ft. Following this, the 2023 revision increased the value to Rs 1,000 per sq.ft, and the most recent 2024 revision has raised it further to Rs 1,100 per sq.ft.

In terms of percentage changes, the value increased by 10% from 2023 to 2024. Between 2017 and 2023, the increase was substantial at 49%. However, from 2012 to 2017, there was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Sengundram - 1

Sengundram - 1 has a total of 126 streets under the Chengleput Joint II SRO, with the 2024 guideline values ranging from Rs 660 to Rs 3,285 per sq.ft. The median guideline value for the village is Rs 880 per sq.ft, placing Hill View Residency Phase -1 (Chen) above this median.

• Hill View: Rs 1,807 per sq.ft (2024)
• Hill Grove Nagar (Chen): Rs 1,100 per sq.ft (2024)
• Indira*s Orchard Town: Rs 1,100 per sq.ft (2024)
• Industrial Ariya (Chen): Rs 1,320 per sq.ft (2024)
• Gst Road (Chen): Rs 2,200 per sq.ft (2024)
• Jai Nagar (Chen): Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Hill View Residency Phase -1 (Chen)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty, calculated at 7%, would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more information on fees.

Which Sub Registrar Office covers Hill View Residency Phase -1 (Chen)?

The Chengleput Joint II Sub Registrar Office covers Hill View Residency Phase -1 (Chen). The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Sengundram - 1

The guideline value is a crucial factor during the registration of property transactions in Sengundram - 1. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the transaction is in accordance with the prevailing rates in the area.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are based on this value or the sale price, whichever is higher. This ensures transparency and compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value for Hill View Residency Phase -1 (Chen)?

The current guideline value for Hill View Residency Phase -1 (Chen) is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for Hill View Residency Phase -1 (Chen)?

The land classification for Hill View Residency Phase -1 (Chen) is Residential Special Type - III.

Where is the Chengleput Joint II Sub Registrar Office located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

How is stamp duty calculated for properties in Hill View Residency Phase -1 (Chen)?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 at 7%.