Guideline Value for HYDER ALI GARDEN ALL STREETS

Hyder Ali Garden All Streets guideline value

The current guideline value for Hyder Ali Garden All Streets is Rs 4,300 per sq.ft, effective from 1 July 2024. This area is located in Perambur village and falls under the Purasaivakkam SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Hyder Ali Garden All Streets has changed

The guideline value for Hyder Ali Garden All Streets has seen significant changes over the years. In 2007, the guideline value was Rs 700 per sq.ft, which increased dramatically to Rs 4,000 per sq.ft by 2012, marking a rise of 471%. However, from 2012 to 2017, the value decreased to Rs 2,680 per sq.ft, reflecting a decline of 33%. This was followed by a substantial increase to Rs 4,000 per sq.ft in 2023, and then to the current value of Rs 4,300 per sq.ft in 2024, which represents an 8% increase.

Between 2017 and 2023, the guideline value rose by 49%. Overall, from 2007 to 2024, there has been an impressive increase of 514%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Perambur

In Perambur, the guideline values for 1,114 streets under the Purasaivakkam SRO range from Rs 1,600 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. The guideline value for Hyder Ali Garden All Streets is above this median.

• Hyder Garden 1st Street: Rs 4,300 per sq.ft (2024)
• Hyder Garden 2nd Street: Rs 4,300 per sq.ft (2024)
• Indira Gandhi Nagar 1st Street: Rs 2,200 per sq.ft (2024)
• Indira Gandhi Nagar 2nd Cross Street: Rs 2,200 per sq.ft (2024)
• Indira Gandhi Nagar 2nd Street: Rs 2,200 per sq.ft (2024)
• Indira Gandhi Nagar 3rd Cross Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Hyder Ali Garden All Streets

For a 1,000 sq.ft plot at the current guideline value of Rs 4,300 per sq.ft, the total guideline value amounts to Rs 43,00,000. The stamp duty at 7% would be Rs 3,01,000, and the registration fee at 2% would be Rs 86,000, totaling Rs 3,87,000. Please 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 Hyder Ali Garden All Streets?

The Sub Registrar Office that covers Hyder Ali Garden All Streets is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Perambur. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is assessed to ensure that the transaction is registered at a fair value, which helps in maintaining transparency and legality in property dealings.

Frequently asked questions

What is the current guideline value for Hyder Ali Garden All Streets?

The current guideline value for Hyder Ali Garden All Streets is Rs 4,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 700 per sq.ft in 2007 to Rs 4,300 per sq.ft in 2024, marking an overall increase of 514% over this period.

What are the stamp duty and registration fees for property in Hyder Ali Garden All Streets?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 3,87,000.

Which office handles property registrations for Hyder Ali Garden All Streets?

The Purasaivakkam Sub Registrar Office handles property registrations for Hyder Ali Garden All Streets, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the land classification for Hyder Ali Garden All Streets?

The land classification for Hyder Ali Garden All Streets is Residential Class II Type - I.