Guideline Value for Hansa Garden 'E' Block

Hansa Garden 'E' Block guideline value

The current guideline value of Hansa Garden 'E' Block is Rs 2,700 per sq.ft. 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 'E' Block has changed

The guideline value for Hansa Garden 'E' Block has seen several revisions over the years. The most recent revision, effective from 1 July 2024, sets the value at Rs 2,700 per sq.ft, an increase from Rs 2,500 per sq.ft in the 2023 revision, 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 previous 2012 revision that had the same value of Rs 2,500 per sq.ft.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%.

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 'E' Block's 2024 value above this median.

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

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

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

The Sub Registrar Office that covers Hansa Garden 'E' 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. 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 during the registration of property transactions in Rajakilpakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the guideline value, as it can affect the overall costs associated with the transaction. Buyers should ensure that the sale price is not lower than the guideline value to avoid any legal complications during registration.

Frequently asked questions

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

The current guideline value of Hansa Garden 'E' 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 increased from Rs 1,675 per sq.ft in 2017 to Rs 2,700 per sq.ft in 2024, with various changes occurring in between, including a decrease in 2012.

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

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000, and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Which office handles the registration for Hansa Garden 'E' Block?

The Selaiyur Sub Registrar Office handles the registration for Hansa Garden 'E' Block, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

How does the guideline value affect property transactions?

The guideline value is used to determine the minimum registration value for properties, impacting the stamp duty and registration fees that buyers must pay during the transaction.