Guideline Value for Hillside Auro Nagar - Shri Ganesha Avenue

Hillside Auro Nagar - Shri Ganesha Avenue guideline value

The current guideline value for Hillside Auro Nagar - Shri Ganesha Avenue is Rs 200 per sq.ft, effective from 1 July 2024. This property is located in Kumili village under the Thiruporur SRO and falls under the Residential Class V Type - I land classification.

How the guideline value of Hillside Auro Nagar - Shri Ganesha Avenue has changed

The guideline value for Hillside Auro Nagar - Shri Ganesha Avenue has seen several revisions over the years. Starting from the 2012 revision, the value was Rs 200 per sq.ft. In the 2017 revision, it decreased to Rs 134 per sq.ft, marking a decline of 33%. However, it rebounded to Rs 200 per sq.ft in the 2023 revision and has remained the same in the 2024 revision, showing no change from the previous year.

From 2017 to 2023, the value increased by 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained unchanged at Rs 200 per sq.ft. The register has no figure for this street for the years 2002, 2003, and 2007.

Guideline values in Kumili

In Kumili, there are 21 streets under the Thiruporur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,800 per sq.ft, with a median value of Rs 400 per sq.ft. The guideline value for Hillside Auro Nagar - Shri Ganesha Avenue is below this median.

• Hill Side Auro Nagar Extension -1: Rs 250 per sq.ft (2024)
• Hill Side Auro Nagar: Rs 250 per sq.ft (2024)
• Hillside Auro Nagar - Shri Ganesha Avenue Extn.: Rs 200 per sq.ft (2024)
• Jai Nagar: Rs 1,000 per sq.ft (2024)
• Drr Avenue: Rs 1,493 per sq.ft (2024)
• Kirithik Garden Part -II: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Hillside Auro Nagar - Shri Ganesha Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, making the total fees Rs 18,000. Duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more information on fees.

Which Sub Registrar Office covers Hillside Auro Nagar - Shri Ganesha Avenue?

The Sub Registrar Office that covers Hillside Auro Nagar - Shri Ganesha Avenue is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for additional details.

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

The guideline value is an essential factor in property transactions in Kumili. It determines the minimum value at which properties must be registered, ensuring that the government receives the appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps establish a fair price for the transaction. It is important for both buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value for Hillside Auro Nagar - Shri Ganesha Avenue?

The current guideline value for Hillside Auro Nagar - Shri Ganesha Avenue 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 2012, with a decrease to Rs 134 per sq.ft in 2017, followed by a return to Rs 200 per sq.ft in 2023 and 2024.

What is the land classification for Hillside Auro Nagar - Shri Ganesha Avenue?

The land classification for Hillside Auro Nagar - Shri Ganesha Avenue is Residential Class V Type - I.

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

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000.

Which office handles registrations for this area?

The Thiruporur Sub Registrar Office handles registrations for Hillside Auro Nagar - Shri Ganesha Avenue, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.