Guideline Value for Hibiscus Garden

Hibiscus Garden guideline value

The current guideline value of Hibiscus Garden in Polacheri village is Rs 1,200 per sq.ft, as per the 2023 revision. This area falls under the Gooduvancheri SRO and is classified as Residential Special Type - II.

How the guideline value of Hibiscus Garden has changed

The guideline value for Hibiscus Garden has seen significant changes over the years. In the 2017 revision, the guideline value was set at Rs 804 per sq.ft. With the 2023 revision, it increased to Rs 1,200 per sq.ft, marking a change of +49% from the previous figure.

It is important to note that the register has no figures for the years 2002, 2003, 2007, 2012, and 2024 for this street. Therefore, the only revisions available are from 2017 and 2023.

Guideline values in Polacheri

Currently, there are no specific village figures available for Polacheri. Hibiscus Garden is part of the Gooduvancheri SRO, which oversees the registration of properties in this area.

Stamp duty and registration fee for property in Hibiscus Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total to Rs 1,08,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Hibiscus Garden?

The Hibiscus Garden area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor during the registration of property in Polacheri. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these charges are based on an official valuation rather than the sale price alone.

When buying or selling property in Hibiscus Garden, it is essential to be aware of the current guideline value, as it directly influences the costs involved in the transaction. Buyers should ensure that the sale price meets or exceeds this value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Hibiscus Garden?

The current guideline value of Hibiscus Garden is Rs 1,200 per sq.ft, as per the 2023 revision.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 804 per sq.ft to Rs 1,200 per sq.ft, which represents a change of +49%.

Are there any guideline values for the years 2002, 2003, 2007, 2012, and 2024?

The register has no figures for the years 2002, 2003, 2007, 2012, and 2024 for Hibiscus Garden.

What is the registration office for Hibiscus Garden?

The registration office for Hibiscus Garden is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is stamp duty calculated for properties in Hibiscus Garden?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 12,00,000, the stamp duty would be Rs 84,000 at 7%.