Guideline Value for HUSSIAN GARDEN

Hussian Garden guideline value

The current guideline value of Hussian Garden is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Chemmancheri village under the Neelankarai SRO, classified as Residential Class IV Type - II.

How the guideline value of Hussian Garden has changed

The guideline value for Hussian Garden has undergone several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which was then reduced to Rs 670 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value back to Rs 1,000 per sq.ft. The most recent revision in 2024 has further increased the guideline value to Rs 1,100 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%, while the overall change from 2012 to 2024 shows a modest increase of 10%. It is important to note that the register does not provide figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Chemmancheri

In Chemmancheri, there are 195 streets under the Neelankarai SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 6,600 per sq.ft. The median guideline value in the village is Rs 1,700 per sq.ft, indicating that Hussian Garden's current value is below this median.

• Igp Ganesh Nagar: Rs 2,800 per sq.ft (2024)
• Indira Gandhi Street: Rs 1,700 per sq.ft (2024)
• Irattai Malai Srinivasan Street: Rs 1,700 per sq.ft (2024)
• Jagajeevanram Salai: Rs 3,300 per sq.ft (2024)
• Govindaraj Garden: Rs 1,100 per sq.ft (2024)
• Jamela Begum Garden: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Hussian Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty, charged at 7%, would be Rs 77,000, while the registration fee at 2% would be Rs 22,000, resulting in a total of Rs 99,000. 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 Hussian Garden?

The Sub Registrar Office that covers Hussian Garden is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more details.

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

When buying or selling property in Chemmancheri, the guideline value plays a crucial role in determining the stamp duty and registration fees. This value is used as a baseline to calculate the applicable charges, ensuring that both parties are aware of the financial implications of the transaction.

Additionally, the guideline value serves as a reference point for property transactions, helping to standardize the pricing across different areas within the village. It is essential for buyers and sellers to be informed about the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Hussian Garden?

The current guideline value of Hussian Garden is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for Hussian Garden?

Hussian Garden is classified as Residential Class IV Type - II under the Neelankarai SRO.

Where can I find the Sub Registrar Office for Hussian Garden?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is stamp duty calculated in Hussian Garden?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a plot valued at Rs 11,00,000, the stamp duty would be Rs 77,000 at 7%.