Guideline Value for Hansa Garden 'S' Block

Hansa Garden 'S' Block guideline value

The current guideline value of Hansa Garden 'S' Block is Rs 2,700 per sq.ft. It is located in Rajakilpakkam village under the Selaiyur SRO, classified as Residential Special Type - I.

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

The guideline value for Hansa Garden 'S' Block has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 2,700 per sq.ft, an increase from Rs 2,500 per sq.ft in 2023, marking an 8% rise. Prior to that, the 2017 revision recorded a value of Rs 1,675 per sq.ft, which represented a significant increase of 49% from the previous 2012 figure of Rs 2,500 per sq.ft. The 2012 revision had decreased by 33% from the 2017 value.

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 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 is Rs 2,150 per sq.ft, placing Hansa Garden 'S' Block's 2024 figure above this median.

• Hansa Garden 'R' Block: Rs 2,700 per sq.ft (2024)
• Hansa Garden 'Q' Block: Rs 2,700 per sq.ft (2024)
• Hansa Garden Phase III: Rs 2,700 per sq.ft (2024)
• Hansa Garden 'P' Block: Rs 2,700 per sq.ft (2024)
• Hansa Garden 'O' 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 'S' 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 to Rs 2,43,000. It is essential to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

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

The Hansa Garden 'S' 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 a crucial factor during the registration process when buying or selling property in Rajakilpakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value helps ensure that the transaction is registered at a value that reflects the current market conditions. This ensures transparency and compliance with the regulations set by the Registration Department.

Frequently asked questions

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

The current guideline value of Hansa Garden 'S' 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 of Hansa Garden 'S' Block?

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

Where can I find the Selaiyur Sub Registrar Office?

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 property in Hansa Garden 'S' Block?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a plot of 1,000 sq.ft at Rs 2,700 per sq.ft, the total guideline value is Rs 27,00,000, leading to a stamp duty of Rs 1,89,000.