Guideline Value for Hemanth Nagar

Hemanth Nagar guideline value

The current guideline value of Hemanth Nagar, located in Thirupanthiyoor village under the Sunguvarchattram SRO, is Rs 200 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class IV Type - I.

How the guideline value of Hemanth Nagar has changed

Since the 2012 revision, the guideline value for Hemanth Nagar has remained at Rs 200 per sq.ft in the 2024 and 2023 revisions. The 2017 revision recorded a value of Rs 134 per sq.ft, marking a significant increase of 49% to Rs 200 per sq.ft in 2023. The 2012 revision also had a value of Rs 200 per sq.ft, indicating a decrease of 33% from 2012 to 2017.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 200 per sq.ft.

Guideline values in Thirupanthiyoor

In Thirupanthiyoor, there are 53 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 200 to Rs 900 per sq.ft. The median value for these streets is Rs 350 per sq.ft, placing Hemanth Nagar's 2024 figure below that median.

• Ideal Form And Resorts: Rs 200 per sq.ft (2024)
• Indhira Nagar: Rs 200 per sq.ft (2024)
• Indhira Nagar Main Road: Rs 200 per sq.ft (2024)
• Jpv Forms: Rs 200 per sq.ft (2024)
• Gandhi Nagar: Rs 400 per sq.ft (2024)
• Fathima Street: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Hemanth Nagar

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, totaling Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Hemanth Nagar?

The Sub Registrar Office that covers Hemanth Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Thirupanthiyoor. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. The registration office uses this value to assess the official worth of the property being transacted.

When registering a property, buyers and sellers must ensure that the sale price is at least equal to the guideline value. This ensures that the correct amount of stamp duty is calculated based on the higher of the two values.

Frequently asked questions

What is the current guideline value of Hemanth Nagar?

The current guideline value of Hemanth Nagar 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 since the 2012 revision, with a notable increase from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023.

What is the land classification of Hemanth Nagar?

Hemanth Nagar is classified as Residential Class IV Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Hemanth Nagar?

The Sub Registrar Office for Hemanth Nagar is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is stamp duty calculated for property transactions in Hemanth Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 2,00,000 would incur a stamp duty of Rs 14,000 at 7%.