Guideline Value for HINDUSTAN NAGAR

Hindustan Nagar guideline value

The current guideline value of Hindustan Nagar in Voyalur village is Rs 126 per sq.ft, effective from 1 July 2024. This street falls under the Ponneri Sub Registrar Office (SRO) and is classified as Residential Class I Type - I.

How the guideline value of Hindustan Nagar has changed

The guideline value for Hindustan Nagar has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 126 per sq.ft, which is the same as the 2023 revision. Prior to that, the 2017 revision recorded a guideline value of Rs 84 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 50%, and there has been no change from 2023 to 2024. Overall, comparing the 2017 and 2024 revisions, there is a 50% increase in the guideline value.

Guideline values in Voyalur

In Voyalur, there are 17 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 150 per sq.ft, with a median value of Rs 100 per sq.ft. The guideline value for Hindustan Nagar is above this median.

• Indhira Nagar: Rs 100 per sq.ft (2024)
• Green City: Rs 126 per sq.ft (2024)
• Globel City: Rs 126 per sq.ft (2024)
• Global City Phase-I: Rs 100 per sq.ft (2024)
• J.P.Nagar: Rs 100 per sq.ft (2024)
• Ganapathy Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Hindustan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 126 per sq.ft, the total guideline value amounts to Rs 1,26,000. The stamp duty at 7% would be Rs 8,820, and the registration fee at 2% would be Rs 2,520, leading to a total of Rs 11,340. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Hindustan Nagar?

The Hindustan Nagar area is covered by the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Voyalur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property transactions.

When registering a property, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Hindustan Nagar?

The current guideline value of Hindustan Nagar is Rs 126 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 84 per sq.ft in 2017 to Rs 126 per sq.ft in both 2023 and 2024, representing a 50% increase overall from 2017 to 2024.

What is the land classification of Hindustan Nagar?

Hindustan Nagar is classified as Residential Class I Type - I under the Ponneri SRO.

What are the stamp duty and registration fees for property in Hindustan Nagar?

For a property valued at Rs 1,26,000, the stamp duty would be Rs 8,820 and the registration fee would be Rs 2,520, totaling Rs 11,340.

Where is the Sub Registrar Office for Hindustan Nagar located?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.