Guideline Value for Hansa Garden 'A' Block

Hansa Garden 'A' Block guideline value

The current guideline value of Hansa Garden 'A' Block is Rs 2,700 per sq.ft. This property is located in Rajakilpakkam village, under the Selaiyur SRO, and is classified as Residential Special Type - I.

How the guideline value of Hansa Garden 'A' Block has changed

The guideline value for Hansa Garden 'A' Block has undergone several revisions over the years. In 2012, the value was set at Rs 2,500 per sq.ft, which then decreased to Rs 1,675 per sq.ft in 2017. Following this, the value increased significantly to Rs 2,500 per sq.ft in 2023. Most recently, the 2024 revision has set the guideline value at Rs 2,700 per sq.ft, marking an increase of 8% from the previous year.

From 2017 to 2023, there was a notable increase of 49%. However, the transition from 2012 to 2017 saw a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 8%. The register does not provide figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Rajakilpakkam

In Rajakilpakkam, there are 384 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 5,000 per sq.ft. The median guideline value for these streets is Rs 2,150 per sq.ft, placing Hansa Garden 'A' Block's 2024 figure above this median.

• Hansa Garden 'B' Block: Rs 2,700 per sq.ft (2024)
• Hansa Garden: Rs 2,700 per sq.ft (2024)
• Hansa Garden 'C' Block: Rs 2,700 per sq.ft (2024)
• Hansa Garden 'D' Block: Rs 2,700 per sq.ft (2024)
• Hansa Garden 'E' Block: Rs 2,700 per sq.ft (2024)
• Hansa Garden 'F' Block: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Hansa Garden 'A' Block

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, while the registration fee at 2% would be Rs 54,000, bringing the total cost for these fees to Rs 2,43,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Hansa Garden 'A' Block?

The Sub Registrar Office that covers Hansa Garden 'A' Block is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, within the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Rajakilpakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

Frequently asked questions

What is the current guideline value of Hansa Garden 'A' Block?

The current guideline value of Hansa Garden 'A' Block is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2023 to Rs 2,700 per sq.ft in 2024, an increase of 8%. It was Rs 1,675 per sq.ft in 2017, showing a significant increase of 49% to 2023.

What is the land classification for Hansa Garden 'A' Block?

Hansa Garden 'A' Block is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Hansa Garden 'A' Block?

The Sub Registrar Office for Hansa Garden 'A' Block is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is stamp duty calculated for properties in Hansa Garden 'A' Block?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current rate would incur a total of Rs 2,43,000 in fees.