Guideline Value for HYDER GARDEN 2ND STREET

Hyder Garden 2nd Street guideline value

The current guideline value of Hyder Garden 2nd Street is Rs 4,300 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, classified as Residential Class II Type - I.

How the guideline value of Hyder Garden 2nd Street has changed

Over the years, the guideline value of Hyder Garden 2nd Street has seen significant revisions. Starting from Rs 561 per sq.ft in 2003, it increased to Rs 700 per sq.ft in 2007. The value then surged to Rs 4,000 per sq.ft in 2012, before dropping to Rs 2,680 per sq.ft in 2017. The 2023 revision saw a rise to Rs 4,000 per sq.ft, and the current value stands at Rs 4,300 per sq.ft from the 2024 revision. The register has no figure for the year 2002.

In terms of percentage changes, the value increased by 25% from 2003 to 2007, then saw a remarkable increase of 471% from 2007 to 2012. However, it decreased by 33% from 2012 to 2017. The subsequent revisions show an increase of 49% from 2017 to 2023 and an 8% rise from 2023 to 2024. Overall, from 2003 to 2024, the guideline value has increased by 666%.

Guideline values in Perambur

In Perambur village, the guideline values for 2024 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 of Hyder Garden 2nd Street is above this median.

• Hyder Garden 1st Street: Rs 4,300 per sq.ft (2024)
• Hyder Ali Garden All Streets: 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 2nd Street

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, charged at 7%, would be Rs 3,01,000, and the registration fee at 2% would be Rs 86,000, bringing the total cost to Rs 3,87,000. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Hyder Garden 2nd Street?

The Sub Registrar Office that covers Hyder Garden 2nd Street 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 Perambur

The guideline value is an essential factor when buying or selling property in Perambur. It serves as the basis for calculating stamp duty and registration fees, which are mandatory during the registration process.

When a property is sold, the higher of the guideline value or the sale price is used to determine the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Hyder Garden 2nd Street?

The current guideline value of Hyder Garden 2nd 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 increased from Rs 561 per sq.ft in 2003 to Rs 4,300 per sq.ft in 2024, showing a total increase of 666% over the years.

What is the land classification for Hyder Garden 2nd Street?

Hyder Garden 2nd Street is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 43,00,000, the total stamp duty would be Rs 3,01,000 and the registration fee would be Rs 86,000, totaling Rs 3,87,000.

Which office handles registrations for Hyder Garden 2nd Street?

The Purasaivakkam Sub Registrar Office handles registrations for Hyder Garden 2nd Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.