Guideline Value

Corporate

Guideline Value for Hasthinapuram Main Road

₹4400/sq.ft.

The guideline value for Hasthinapuram Main Road in Hastinapuram village (Pallavaram SRO, Chengalpattu zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Mixed Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Hastinapuram

Village

Pallavaram

SRO

Mixed Type - I
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹700 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044
044-22413425
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Hasthinapuram Main Road

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Hasthinapuram Main Road guideline value

The current guideline value of Hasthinapuram Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Hastinapuram village, under the Pallavaram SRO, and is classified as Mixed Type - I land.

How the guideline value of Hasthinapuram Main Road has changed

In the 2007 revision, the guideline value was Rs 700 per sq.ft. This increased significantly to Rs 4,000 per sq.ft in the 2012 revision, marking a change of +471%. However, in the 2017 revision, the value decreased to Rs 2,680 per sq.ft, which was a reduction of -33%. The guideline value then rose to Rs 4,000 per sq.ft in the 2023 revision, and further increased to Rs 4,400 per sq.ft in the 2024 revision, reflecting a change of +10%.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by +529%. It is important to note that the register has no figure for this street in the years 2002 and 2003.

Guideline values in Hastinapuram

In Hastinapuram village, there are 277 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 1,650 to Rs 4,400 per sq.ft. The median value for these streets is Rs 2,970 per sq.ft, and Hasthinapuram Main Road's 2024 figure is above this median.

Stamp duty and registration fee for property in Hasthinapuram Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total charges to Rs 3,96,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Hasthinapuram Main Road?

The Sub Registrar Office that covers Hasthinapuram Main Road is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Hastinapuram. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property. The guideline value is set by the government and is updated periodically to reflect changes in the market.

When you register a property, the guideline value is compared to the sale price. The higher of the two values is used to calculate the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Hasthinapuram Main Road?

The current guideline value of Hasthinapuram Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, from Rs 700 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of +529%.

What are the stamp duty and registration fees for properties in Hasthinapuram?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which Sub Registrar Office covers Hasthinapuram?

The Pallavaram Sub Registrar Office covers Hasthinapuram Main Road, located at 7th Main Road, New Colony, Chromepet, Chennai-600044.

How is the guideline value determined?

The guideline value is determined by the government and is updated periodically to reflect market conditions. It is used to calculate the stamp duty and registration fees during property transactions.