Guideline Value for Hanuman Garden

Hanuman Garden guideline value

The current guideline value of Hanuman Garden is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Somangalam_B village, under the Sriperumpudur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Hanuman Garden has changed

The guideline value for Hanuman Garden has seen several revisions over the years. The 2017 revision set the value at Rs 134 per sq.ft. This figure remained unchanged in the 2023 revision, which was also Rs 200 per sq.ft. In the latest 2024 revision, the guideline value is again Rs 200 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, the change remains at +49%, as the value has not changed between 2023 and 2024.

Guideline values in Somangalam_B

In Somangalam_B, there are 79 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 2,500 per sq.ft. The median value for these streets is Rs 250 per sq.ft, placing Hanuman Garden's 2024 figure below that median.

• Hi-tech city Extension: Rs 200 per sq.ft (2024)
• Green Garden: Rs 250 per sq.ft (2024)
• Indira Nagar: Rs 400 per sq.ft (2024)
• Indira Nagar Part II: Rs 200 per sq.ft (2024)
• Giriam Avenue: Rs 500 per sq.ft (2024)
• Jayabalan Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Hanuman Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Hanuman Garden?

The Sub Registrar Office that covers Hanuman Garden is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Somangalam_B

The guideline value is a crucial factor during the registration of property transactions in Somangalam_B. It serves as a benchmark for determining the stamp duty and registration fees that buyers and sellers need to pay when completing a property transaction.

When a property is sold, the guideline value is assessed to ensure that the transaction is in compliance with government regulations. Buyers should be aware that the stamp duty is calculated based on the higher value between the guideline value and the actual sale price.

Frequently asked questions

What is the current guideline value of Hanuman Garden?

The current guideline value of Hanuman Garden is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft from 2023 to 2024, while it increased from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023, marking a 49% increase overall from 2017 to 2024.

What is the land classification for Hanuman Garden?

Hanuman Garden is classified as Residential Class III Type - I, indicating its designation for residential purposes.

Where can I find the Sub Registrar Office for Hanuman Garden?

The Sub Registrar Office for Hanuman Garden is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for properties in Hanuman Garden?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000, resulting in a stamp duty of Rs 14,000.