Guideline Value for HallsLane

HallsLane guideline value

The current guideline value of HallsLane is Rs 8,300 per sq.ft, effective from 1 July 2024. This street is located in Egmore village under the Periamet SRO and is classified as Residential Class I Type - III.

How the guideline value of HallsLane has changed

The guideline value for HallsLane has seen several revisions over the years. In 2002, the value was Rs 1,253 per sq.ft, which increased to Rs 1,382 per sq.ft in 2003. This was followed by a significant rise to Rs 2,000 per sq.ft in 2007. The value remained unchanged at Rs 7,600 per sq.ft in 2012, before dropping to Rs 5,092 per sq.ft in 2017. The most recent revisions show an increase to Rs 7,600 per sq.ft in 2023, and finally, the current value of Rs 8,300 per sq.ft from the 2024 revision.

Overall, the guideline value has increased by 562% from 2002 to 2024. The changes between revisions include a 10% increase from 2002 to 2003, a 45% rise from 2003 to 2007, and a remarkable 280% increase from 2007 to 2012. However, there was a decrease of 33% from 2012 to 2017, followed by a 49% increase from 2017 to 2023, and a final rise of 9% from 2023 to 2024.

Guideline values in Egmore

In Egmore village, there are 465 streets under the Periamet SRO with a 2024 guideline value ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median value is Rs 7,100 per sq.ft, placing HallsLane's current value above this median.

• Halls Road(Egmore): Rs 15,000 per sq.ft (2024)
• Halls Road (Kilpauk): Rs 15,000 per sq.ft (2024)
• Harrington 10th Avenue: Rs 13,400 per sq.ft (2024)
• Harrington 11th Avenue: Rs 13,400 per sq.ft (2024)
• Harrington 12th Avenue: Rs 13,400 per sq.ft (2024)
• Harrington 13th Avenue: Rs 13,400 per sq.ft (2024)

Stamp duty and registration fee for property in HallsLane

For a 1,000 sq.ft plot at the current guideline value of Rs 8,300 per sq.ft, the total guideline value amounts to Rs 83,00,000. The stamp duty at 7% would be Rs 5,81,000, and the registration fee at 2% would be Rs 1,66,000, bringing the total fees together to Rs 7,47,000. It is important to note that the 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 HallsLane?

The Sub Registrar Office covering HallsLane is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Egmore. It is used to determine the stamp duty and registration fees payable during the registration of property transactions. Buyers and sellers must consider this value to ensure compliance with local regulations.

When you buy or sell property in Egmore, the guideline value serves as a benchmark for calculating taxes and fees. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of HallsLane?

The current guideline value of HallsLane is Rs 8,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,253 per sq.ft in 2002 to Rs 8,300 per sq.ft in 2024, marking an overall increase of 562% over the years.

What is the land classification for HallsLane?

HallsLane is classified as Residential Class I Type - III under the Periamet SRO.

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

For a property valued at Rs 83,00,000, the stamp duty would be Rs 5,81,000 and the registration fee would be Rs 1,66,000, totaling Rs 7,47,000.

Where is the Sub Registrar Office for HallsLane located?

The Sub Registrar Office for HallsLane is located at 1103, Poonamallee High Road, Chennai-600 003, under the Periamet SRO.