Guideline Value for HRM city

HRM city guideline value

The current guideline value for HRM city, located in Thiruppulivanam village under the Uthiramerur SRO, is Rs 225 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class III Type - III land classification.

How the guideline value of HRM city has changed

In the 2023 revision, the guideline value for HRM city was Rs 225 per sq.ft, which remains unchanged in the 2024 revision. The register has no figures for the years 2017, 2012, 2007, 2003, or 2002 for this street.

Overall, there has been a 0% change from the 2023 to the 2024 revision, maintaining the same rate of Rs 225 per sq.ft.

Guideline values in Thiruppulivanam

Thiruppulivanam has four streets under the Uthiramerur SRO that carry a 2024 guideline value, ranging from Rs 180 to Rs 300 per sq.ft, with the median being Rs 225 per sq.ft. The guideline value for HRM city matches this median.

• Hrm City College Nagar Phase II: Rs 225 per sq.ft (2024)
• S.P.K.Garden: Rs 180 per sq.ft (2024)
• Sri Balaji Avenue: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in HRM city

For a 1,000 sq.ft plot at the current rate of Rs 225 per sq.ft, the guideline value would be Rs 2,25,000. The stamp duty at 7% would be Rs 15,750, and the registration fee at 2% would be Rs 4,500, totaling Rs 20,250. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers HRM city?

The Uthiramerur Sub Registrar Office covers HRM city. The office is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Thiruppulivanam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices and preparing for registration.

When you register a property, the stamp duty and registration fees are calculated 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 for HRM city?

The current guideline value for HRM city is Rs 225 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained stable at Rs 225 per sq.ft from the 2023 to the 2024 revision, with no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What are the guideline values for other streets in Thiruppulivanam?

Other streets in Thiruppulivanam include Hrm City College Nagar Phase II at Rs 225 per sq.ft, S.P.K.Garden at Rs 180 per sq.ft, and Sri Balaji Avenue at Rs 300 per sq.ft for the year 2024.

How is stamp duty calculated in HRM city?

Stamp duty in HRM city is calculated at 7% of the guideline value or the sale price, whichever is higher. Registration fees are charged at 2% of the guideline value.

Where can I find the Sub Registrar Office for HRM city?

The Uthiramerur Sub Registrar Office, which covers HRM city, is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.