Guideline Value for Hansa Garden 'O' Block

Hansa Garden 'O' Block guideline value

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

The guideline value for Hansa Garden 'O' 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, which represented a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 2,500 per sq.ft, marking a rise of 49%. The most recent revision in 2024 has set the guideline value at Rs 2,700 per sq.ft, which is an increase of 8% from the previous year.

It is important to note that 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 seen a modest increase of 8%.

Guideline values in Rajakilpakkam

In Rajakilpakkam, there are 384 streets under the Selaiyur SRO that have a 2024 guideline value ranging from Rs 850 to Rs 5,000 per sq.ft. The median value for these streets is Rs 2,150 per sq.ft, placing Hansa Garden 'O' Block above this median.

• Hansa Garden 'N' Block: Rs 2,700 per sq.ft (2024)
• Hansa Garden 'P' Block: Rs 2,700 per sq.ft (2024)
• Hansa Garden 'M' Block: Rs 2,700 per sq.ft (2024)
• Hansa Garden Phase III: Rs 2,700 per sq.ft (2024)
• Hansa Garden 'L' Block: Rs 2,700 per sq.ft (2024)
• Hansa Garden 'K' Block: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Hansa Garden 'O' 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, charged at 7%, would be Rs 1,89,000, while the registration fee at 2% would be Rs 54,000. Thus, the total cost for stamp duty and registration fees together would be 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 precise calculations, you can use the stamp duty and registration fee calculator.

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

The Hansa Garden 'O' 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 is an essential factor in the registration process when buying or selling property in Rajakilpakkam. It serves as a reference point for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer must ensure that the sale price is at least equal to the guideline value to avoid any discrepancies during registration. This ensures that the government receives the appropriate revenue from the transaction.

Frequently asked questions

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

The current guideline value of Hansa Garden 'O' 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 are the stamp duty and registration fees for properties in Hansa Garden 'O' Block?

For a 1,000 sq.ft property at the current guideline value, the total 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 'O' Block?

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

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

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