Guideline Value for Hansa Garden 'F' Block

Hansa Garden 'F' Block guideline value

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

The guideline value for Hansa Garden 'F' Block has undergone several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which was then reduced to Rs 1,675 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 2,500 per sq.ft in the 2023 revision, and finally, it has been set at Rs 2,700 per sq.ft in the 2024 revision, reflecting an 8% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. However, the value decreased by 33% from the 2012 revision to the 2017 revision. Overall, from 2012 to 2024, the guideline value has increased by 8%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Rajakilpakkam

In Rajakilpakkam, there are 384 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 5,000 per sq.ft. The median guideline value in this area is Rs 2,150 per sq.ft, placing Hansa Garden 'F' Block's current value above that median.

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

Stamp duty and registration fee for property in Hansa Garden 'F' 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, and the registration fee at 2% would be Rs 54,000, resulting in a total of Rs 2,43,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more accurate calculations based on your specific property details.

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

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

When a property is registered, the higher value between the guideline value and the sale price is considered for calculating the applicable duties and fees. This ensures that both the government and the buyer are aligned on the value of the property being transacted.

Frequently asked questions

What is the current guideline value for Hansa Garden 'F' Block?

The current guideline value for Hansa Garden 'F' 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 2012 to Rs 1,675 per sq.ft in 2017, then increased to Rs 2,500 per sq.ft in 2023, and is now Rs 2,700 per sq.ft in 2024.

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

Hansa Garden 'F' Block is classified as Residential Special Type - I, indicating its designated use for residential purposes.

Where is the Selaiyur SRO located?

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 stamp duty calculated for properties in Hansa Garden 'F' 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 guideline value would incur a total stamp duty of Rs 1,89,000 at 7%.