Guideline Value for HINDI PRACHAR SABHA STREET

Hindi Prachar Sabha Street guideline value

The current guideline value of Hindi Prachar Sabha Street is Rs 14,300 per sq.ft, effective from 1 July 2024. This street is located in Tnagar village and falls under the Thiyagaraya nagar SRO. The land classification for this area is Mixed Special Type - I.

How the guideline value of Hindi Prachar Sabha Street has changed

The guideline value for Hindi Prachar Sabha Street has seen significant changes over the years. The earliest recorded figure is from 2002, which was Rs 1,810 per sq.ft. This value increased to Rs 2,009 per sq.ft in 2003, marking an increase of 11%. In 2007, the guideline value rose sharply to Rs 3,944 per sq.ft, a substantial increase of 96%. The following revision in 2012 saw the value rise to Rs 13,000 per sq.ft, reflecting a remarkable increase of 230% from the previous figure.

From 2012 to 2017, the guideline value dropped to Rs 8,710 per sq.ft, a decrease of 33%. However, this was followed by a significant increase to Rs 13,000 per sq.ft in 2023, and then to Rs 14,300 per sq.ft in 2024, which is a 10% increase. Overall, from 2002 to 2024, the guideline value has increased by 690%.

Guideline values in Tnagar

In Tnagar, there are 262 streets under the Thiyagaraya nagar SRO that carry a 2024 guideline value ranging from Rs 4,400 to Rs 27,500 per sq.ft. The median value for these streets is Rs 11,000 per sq.ft, placing Hindi Prachar Sabha Street's 2024 figure above the median.

• Hospital Road Anna Road: Rs 5,500 per sq.ft (2024)
• Hanumantha Rao Road(Street)(Cross Street): Rs 9,900 per sq.ft (2024)
• Habibullah Road (Part III Upto G.N.Chetty Street): Rs 17,600 per sq.ft (2024)
• Habibullah 3rd Street: Rs 17,600 per sq.ft (2024)
• Habibullah 2 Street (Part II Up To Thirumalapillai Road): Rs 17,600 per sq.ft (2024)
• Habibulla 1st Street (Part 1 Upto North Usman Road): Rs 17,600 per sq.ft (2024)

Stamp duty and registration fee for property in Hindi Prachar Sabha Street

For a 1,000 sq.ft plot at the current guideline value of Rs 14,300 per sq.ft, the total guideline value amounts to Rs 1,43,00,000. The stamp duty at 7% would be Rs 10,01,000, and the registration fee at 2% would be Rs 2,86,000, bringing the total fees together to Rs 12,87,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Hindi Prachar Sabha Street?

The Hindi Prachar Sabha Street is covered by the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35. You can find your SRO for more information.

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

When buying or selling property in Tnagar, the guideline value plays a crucial role in determining the registration fees and stamp duty. The guideline value is used as a basis for calculating these fees, ensuring that the transaction is recorded accurately in the official records.

It is essential for buyers and sellers to be aware of the current guideline value, as it can significantly impact the total cost of the transaction. Accurate knowledge of the guideline value helps in making informed decisions during the property transaction process.

Frequently asked questions

What is the current guideline value of Hindi Prachar Sabha Street?

The current guideline value of Hindi Prachar Sabha Street is Rs 14,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,810 per sq.ft in 2002 to Rs 14,300 per sq.ft in 2024, marking an overall increase of 690% over the years.

What is the land classification of Hindi Prachar Sabha Street?

The land classification for Hindi Prachar Sabha Street is Mixed Special Type - I, indicating its diverse usage potential.

Where can I find the Thiyagaraya nagar Sub Registrar Office?

The Thiyagaraya nagar Sub Registrar Office is located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35.

How is the stamp duty calculated for properties in Tnagar?

Stamp duty for properties in Tnagar is calculated based on the guideline value or the sale price, whichever is higher. It is typically charged at 7% of the guideline value.