Guideline Value for HIRA APPLE GARDEN

Hira Apple Garden guideline value

The current guideline value of Hira Apple Garden is Rs 501 per sq.ft, effective from 1 July 2024. This property is located in Thadaperumbakkam village under the Ponneri SRO and is classified as Residential Class II Type - I.

How the guideline value of Hira Apple Garden has changed

The guideline value register for Hira Apple Garden shows no figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 200 per sq.ft, which was a significant change from previous years. The most recent revision in 2024 increased the guideline value to Rs 501 per sq.ft, reflecting a change of +151% from the 2023 figure.

This increase in the guideline value indicates a notable adjustment in property valuation within the area. The current value of Rs 501 per sq.ft aligns with the median guideline value for the 50 streets in Thadaperumbakkam, which ranges from Rs 500 to Rs 1,500 per sq.ft.

Guideline values in Thadaperumbakkam

In Thadaperumbakkam, the guideline values for various streets show a range, with Hira Apple Garden's 2024 figure matching the median of Rs 501 per sq.ft. Below are the guideline values for other streets in Thadaperumbakkam:

• Hira Rubi Avenue: Rs 600 per sq.ft (2024)
• Gandhi Nagar: Rs 501 per sq.ft (2024)
• Kailash Nagar: Rs 501 per sq.ft (2024)
• Kannan Garden: Rs 501 per sq.ft (2024)
• Kannan Garden Ext: Rs 501 per sq.ft (2024)
• Devaki Green Garden: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Hira Apple Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 501 per sq.ft, the total guideline value would be Rs 5,01,000. The stamp duty at 7% would amount to Rs 35,070, and the registration fee at 2% would be Rs 10,020, bringing the total cost for these charges to Rs 45,090. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Hira Apple Garden?

The Hira Apple Garden falls under the Ponneri Sub Registrar Office located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more details.

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

The guideline value is a critical factor during property registration in Thadaperumbakkam. It determines the minimum value at which a property can be registered and is used to calculate stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for the transaction price. Buyers should be aware that the duty is charged based on the higher of the guideline value or the sale price, ensuring that the registration reflects the correct financial commitment.

Frequently asked questions

What is the current guideline value of Hira Apple Garden?

The current guideline value of Hira Apple Garden is Rs 501 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Hira Apple Garden was Rs 200 per sq.ft in 2023 and increased to Rs 501 per sq.ft in 2024, showing a change of +151%.

What is the land classification of Hira Apple Garden?

Hira Apple Garden is classified as Residential Class II Type - I, indicating its designation for residential development.

Where is the Ponneri Sub Registrar Office located?

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

How is stamp duty calculated for properties in Hira Apple Garden?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 5,01,000 incurs a stamp duty of Rs 35,070.