Guideline Value for HIRANANDANI PARKS

Hiranandani Parks guideline value

The current guideline value of Hiranandani Parks is Rs 1,250 per sq.ft, effective from 1 July 2024. This property is located in Vakkupattu A village, under the Walajabad SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Hiranandani Parks has changed

The guideline value for Hiranandani Parks has undergone several revisions over the years. The most recent revision in 2024 maintains the value at Rs 1,250 per sq.ft, the same as in 2023. Prior to that, the 2017 revision set the guideline value at Rs 837 per sq.ft, marking a significant increase of 49% from 2017 to 2023.

Overall, from the 2017 revision to the current 2024 figure, there has been a 49% increase. The register does not provide figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Vakkupattu A

In Vakkupattu A, there are 14 streets under the Walajabad SRO that carry a 2024 guideline value. The values range from Rs 400 to Rs 2,090 per sq.ft, with a median of Rs 500 per sq.ft. Hiranandani Parks' 2024 figure is above this median.

• Harshadha Homes: Rs 1,250 per sq.ft (2024)
• Global City: Rs 400 per sq.ft (2024)
• Daffodils Exotica: Rs 750 per sq.ft (2024)
• Pavendhar Bharathidasan Nagar: Rs 500 per sq.ft (2024)
• Rpd Village: Rs 500 per sq.ft (2024)
• Sai Baba Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Hiranandani Parks

For a 1,000 sq.ft plot at the current guideline value of Rs 1,250 per sq.ft, the total guideline value amounts to Rs 12,50,000. The stamp duty at 7% would be Rs 87,500, while the registration fee at 2% would be Rs 25,000, totaling Rs 1,12,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Hiranandani Parks?

The Hiranandani Parks area falls under the jurisdiction of the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value serves as a benchmark for property transactions in Vakkupattu A. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that both parties are aware of the official valuation.

At the time of registration, the buyer will need to pay the stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately in the official land records.

Frequently asked questions

What is the current guideline value of Hiranandani Parks?

The current guideline value of Hiranandani Parks is Rs 1,250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,250 per sq.ft from 2023 to 2024. However, it increased from Rs 837 per sq.ft in 2017 to Rs 1,250 per sq.ft in 2023, marking a 49% increase over that period.

What are the guideline values of other streets in Vakkupattu A?

Other streets in Vakkupattu A have varying guideline values, ranging from Rs 400 to Rs 2,090 per sq.ft. The median value for these streets is Rs 500 per sq.ft.

What is the stamp duty rate for properties in Hiranandani Parks?

The stamp duty rate for properties in Hiranandani Parks is 7% of the guideline value or sale price, whichever is higher. Additionally, there is a registration fee of 2%.

Where can I find the Sub Registrar Office for Hiranandani Parks?

The Sub Registrar Office covering Hiranandani Parks is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.