Guideline Value for HUNTERS LANE

Hunters Lane guideline value

The current guideline value of Hunters Lane, located in Purasaivakkam village under the Purasaivakkam SRO, is Rs 9,900 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - IV.

How the guideline value of Hunters Lane has changed

The guideline value for Hunters Lane has undergone several revisions over the years. In 2007, the value was Rs 2,600 per sq.ft, which increased significantly to Rs 9,000 per sq.ft in 2012, marking a remarkable rise of 246%. However, the value then decreased to Rs 6,030 per sq.ft in 2017, representing a decline of 33%. The subsequent revision in 2023 saw the value increase to Rs 9,000 per sq.ft, followed by a further increase to Rs 9,900 per sq.ft in 2024, reflecting a growth of 10% from the previous year.

Overall, from 2007 to 2024, the guideline value of Hunters Lane has increased by 281%. The register does not contain figures for the years 2002 and 2003 for this street.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 18,100 per sq.ft. The median guideline value is Rs 5,500 per sq.ft, placing Hunters Lane's 2024 figure above this median.

• Hunters Road (A) Thirunarayana Guru Road: Rs 12,100 per sq.ft (2024)
• Hospital Lane: Rs 4,900 per sq.ft (2024)
• Henrik Lane: Rs 4,900 per sq.ft (2024)
• Harley's Street & Road: Rs 10,800 per sq.ft (2024)
• Hanumantharayan Koil Street: Rs 4,400 per sq.ft (2024)
• Hanumantharayan Koil 1st Lane: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Hunters Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 9,900 per sq.ft, the total guideline value is Rs 99,00,000. The stamp duty at 7% amounts to Rs 6,93,000, and the registration fee at 2% is Rs 1,98,000, bringing the total to Rs 8,91,000. 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 more details.

Which Sub Registrar Office covers Hunters Lane?

The Sub Registrar Office covering Hunters Lane is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a crucial factor in the property registration process in Purasaivakkam. It serves as a benchmark for determining the stamp duty and registration fees when buying or selling property in the area.

When a buyer or seller approaches the registration office, the guideline value is used to calculate the applicable fees. This ensures that the transaction is documented accurately and in compliance with local regulations.

Frequently asked questions

What is the current guideline value of Hunters Lane?

The current guideline value of Hunters Lane is Rs 9,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,600 per sq.ft in 2007 to Rs 9,900 per sq.ft in 2024, reflecting an overall increase of 281% over the years.

What is the land classification for Hunters Lane?

The land classification for Hunters Lane is Residential Special Type - IV, indicating its designated use within the area.

Where can I find the Sub Registrar Office for Hunters Lane?

The Sub Registrar Office for Hunters Lane is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is stamp duty calculated for properties in Hunters Lane?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 99,00,000 would incur a stamp duty of Rs 6,93,000 at 7%.