Guideline Value for HYDER GARDEN 1ST STREET

Hyder Garden 1st Street guideline value

The current guideline value of Hyder Garden 1st Street is Rs 4,300 per sq.ft, effective from 1 July 2024. This street is located in Perambur village, under the Purasaivakkam SRO, and is classified as Residential Class II Type - I.

How the guideline value of Hyder Garden 1st Street has changed

The guideline value for Hyder Garden 1st Street has seen several revisions over the years. Starting from Rs 561 per sq.ft in 2003, it increased to Rs 700 per sq.ft in 2007. The value then surged dramatically to Rs 4,000 per sq.ft in 2012, followed by a decrease to Rs 2,680 per sq.ft in 2017. The value rose again to Rs 4,000 per sq.ft in 2023, and currently stands at Rs 4,300 per sq.ft from the 2024 revision.

Between the revisions, significant changes occurred. From 2003 to 2007, the value increased by 25%, followed by a remarkable increase of 471% from 2007 to 2012. However, there was a decrease of 33% from 2012 to 2017. The value jumped by 49% from 2017 to 2023, and then increased by 8% from 2023 to 2024. Overall, from 2003 to 2024, the guideline value has increased by 666%.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that carry a guideline value for 2024, ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value is Rs 2,700 per sq.ft, making the 2024 figure for Hyder Garden 1st Street above the median.

• Hyder Ali Garden All Streets: 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 Garden 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,300 per sq.ft, the total guideline value would be Rs 43,00,000. The stamp duty, charged at 7%, would amount to Rs 3,01,000, while the registration fee at 2% would be Rs 86,000. Together, the total cost for stamp duty and registration would be Rs 3,87,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Hyder Garden 1st Street?

The Sub Registrar Office that covers Hyder Garden 1st Street 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 is a critical factor used during the registration of property transactions in Perambur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value will be used to calculate the necessary fees, ensuring that the transaction complies with the regulations set by the Registration Department. Buyers and sellers must be aware of the guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Hyder Garden 1st Street?

The current guideline value of Hyder Garden 1st Street 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 changed from Rs 561 per sq.ft in 2003 to Rs 4,300 per sq.ft in 2024, with various increases and decreases in between, including a significant rise of 666% overall from 2003 to 2024.

What is the land classification for Hyder Garden 1st Street?

Hyder Garden 1st Street is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for Hyder Garden 1st Street?

The Sub Registrar Office for Hyder Garden 1st Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is the stamp duty calculated for properties in Hyder Garden 1st Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 4,300 per sq.ft, the total guideline value would be Rs 43,00,000, resulting in a stamp duty of Rs 3,01,000.