Guideline Value for Hansa Garden 'G' Block

Hansa Garden 'G' Block guideline value

The current guideline value of Hansa Garden 'G' Block is Rs 2,700 per sq.ft, effective from 1 July 2024. This block is located in Rajakilpakkam village, under the Selaiyur SRO. The land classification for this area is Residential Special Type - I.

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

The guideline value for Hansa Garden 'G' Block has seen several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which was a decrease of 33% from the previous revision in 2017, where the value was Rs 1,675 per sq.ft. The next revision in 2023 increased the guideline value to Rs 2,500 per sq.ft, and the most recent revision in 2024 raised it to Rs 2,700 per sq.ft, reflecting an increase of 8% from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 8%, indicating a stable valuation over the years.

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 in this area is Rs 2,150 per sq.ft, placing Hansa Garden 'G' Block above this median.

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

Stamp duty and registration fee for property in Hansa Garden 'G' 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, bringing the total cost for these fees 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 'G' Block?

The Hansa Garden 'G' Block falls under the jurisdiction of the Selaiyur Sub Registrar Office. The office is located at No.36, Bharathmatha Salai (opposite 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 in property transactions in Rajakilpakkam, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that both parties are aware of the financial obligations involved in the transaction.

Additionally, the guideline value serves as a reference point for property valuation during registration processes. It helps maintain transparency and fairness in the property market, ensuring that properties are valued consistently across the region.

Frequently asked questions

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

The current guideline value of Hansa Garden 'G' 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 and Rs 2,500 per sq.ft in 2012.

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

The land classification for Hansa Garden 'G' Block is Residential Special Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in Hansa Garden 'G' Block?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees amount to Rs 2,43,000.

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

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