Guideline Value for Hansa Garden 'K' Block

Hansa Garden 'K' Block guideline value

The current guideline value of Hansa Garden 'K' 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 'K' Block has changed

The guideline value for Hansa Garden 'K' Block has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 2,500 per sq.ft. This was followed by a decrease to Rs 1,675 per sq.ft in the 2017 revision, marking a decline of 33%. However, the value saw a significant increase to Rs 2,500 per sq.ft in the 2023 revision, and then further rose to Rs 2,700 per sq.ft in the 2024 revision, reflecting an 8% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street in the register.

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, which means that Hansa Garden 'K' Block's 2024 figure is above this median.

• Hansa Garden 'J' Block: Rs 2,700 per sq.ft (2024)
• Hansa Garden 'L' Block: Rs 2,700 per sq.ft (2024)
• Hansa Garden 'I' Block: Rs 2,700 per sq.ft (2024)
• Hansa Garden 'M' Block: Rs 2,700 per sq.ft (2024)
• Hansa Garden 'H' Block: Rs 2,700 per sq.ft (2024)
• Hansa Garden 'N' Block: Rs 2,700 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 2,700 per sq.ft, the 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, totaling Rs 2,43,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

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

The Hansa Garden 'K' 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, 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 plays a crucial role in the registration process when buying or selling properties in Rajakilpakkam. It is used to determine the stamp duty and registration fees, which are mandatory costs associated with property transactions. Buyers and sellers must consider the guideline value to ensure compliance with local regulations.

When registering a property, the higher of the guideline value or the sale price is taken into account for calculating the applicable duties and fees. This ensures that the state receives the appropriate revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value of Hansa Garden 'K' 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 finally to Rs 2,700 per sq.ft in 2024.

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

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

Where is the Selaiyur Sub Registrar Office 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 can I calculate the stamp duty and registration fees?

You can calculate the stamp duty and registration fees using the guideline value. For specific calculations, you can use our stamp duty and registration fee calculator.