Guideline Value for Hansa Garden 'D' Block

Hansa Garden 'D' Block guideline value

The current guideline value of Hansa Garden 'D' Block is Rs 2,700 per sq.ft, effective from 1 July 2024. This block is located in Rajakilpakkam village, under the Selaiyur SRO, and is classified as Residential Special Type - I.

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

Over the years, the guideline value for Hansa Garden 'D' Block has seen several revisions. The most recent revision in 2024 set the guideline value at Rs 2,700 per sq.ft, an increase from Rs 2,500 per sq.ft in 2023, marking an 8% rise. Prior to that, the 2017 revision recorded a value of Rs 1,675 per sq.ft, which was a significant increase of 49% from the 2012 figure of Rs 2,500 per sq.ft. The 2012 revision was a decrease of 33% from the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by 8%.

It is important to note that the register has no 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 'D' Block above this median.

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

Stamp duty and registration fee for property in Hansa Garden 'D' 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. It is important to note that 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 Hansa Garden 'D' Block?

The Sub Registrar Office that covers Hansa Garden 'D' 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, in the Chengalpattu registration zone.

To locate your SRO, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Rajakilpakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with the registration requirements.

Additionally, the guideline value affects the calculation of stamp duty and registration fees, which are based on either the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Hansa Garden 'D' 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. It was Rs 1,675 per sq.ft in 2017 and Rs 2,500 per sq.ft in 2012.

What is the land classification of Hansa Garden 'D' Block?

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

Where can I find the Selaiyur Sub Registrar Office?

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

How is the stamp duty calculated for property in Hansa Garden 'D' Block?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For instance, for a plot valued at Rs 27,00,000, the stamp duty at 7% would be Rs 1,89,000.