Guideline Value for Hasiya Nagar

Hasiya Nagar guideline value

The current guideline value of Hasiya Nagar, located in Nemili village under the Sriperumpudur SRO, is Rs 210 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class III Type - I land classification.

How the guideline value of Hasiya Nagar has changed

The guideline value for Hasiya Nagar has seen several revisions over the years. The earliest recorded figure is from 2007, which was Rs 55 per sq.ft. This value increased significantly to Rs 200 per sq.ft in 2012, marking a 264% rise. However, in 2017, the value dropped to Rs 134 per sq.ft, reflecting a decrease of 33%. The value then rose again to Rs 200 per sq.ft in 2023, before reaching the current guideline value of Rs 210 per sq.ft in 2024, which is a 5% increase from the previous year. The register has no figures for the years 2002 and 2003.

Overall, from 2007 to 2024, the guideline value has increased by 282%. The changes between the revisions highlight the fluctuations in the guideline value, with the most significant increase occurring between 2007 and 2012 and the most recent increase being between 2023 and 2024.

Guideline values in Nemili

In Nemili, there are 66 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,000 per sq.ft. The median guideline value is Rs 250 per sq.ft, placing Hasiya Nagar's current value below this median.

• Gragapriya Nagar: Rs 300 per sq.ft (2024)
• Gowthami Nagar (Gowthami Estates): Rs 300 per sq.ft (2024)
• Gowtham Golden Avenue: Rs 300 per sq.ft (2024)
• Gnanambal Nagar: Rs 300 per sq.ft (2024)
• Gandhi Street: Rs 210 per sq.ft (2024)
• Ganapathy Nagar Part IV: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Hasiya Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 210 per sq.ft, the total guideline value amounts to Rs 2,10,000. The stamp duty, charged at 7%, would be Rs 14,700, while the registration fee at 2% would be Rs 4,200, bringing the total fees together to Rs 18,900. 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 Hasiya Nagar?

The Sub Registrar Office that covers Hasiya Nagar 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 Nemili

The guideline value plays a crucial role during the registration of property transactions in Nemili. It is used to calculate the stamp duty and registration fees that buyers must pay when purchasing property. This ensures that the government receives the appropriate revenue based on the assessed value of the property.

When selling property, the guideline value helps establish a baseline for pricing. It provides both buyers and sellers with a reference point to understand the value of the property in the current market context, ensuring transparency in property transactions.

Frequently asked questions

What is the current guideline value of Hasiya Nagar?

The current guideline value of Hasiya Nagar is Rs 210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 55 per sq.ft in 2007 to Rs 210 per sq.ft in 2024, reflecting an overall increase of 282% over the years.

What are the stamp duty and registration fees for property in Hasiya Nagar?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty and registration fees would amount to Rs 18,900, based on the guideline value of Rs 2,10,000.

Which office handles property registrations in Hasiya Nagar?

The Sriperumpudur Sub Registrar Office handles property registrations in Hasiya Nagar, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It serves as a reference point for both buyers and sellers to understand the property's value in the market.