Guideline Value for Hostel Street

Hostel Street guideline value

The current guideline value of Hostel Street in Urapakkam village is Rs 1,500 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 Hostel Street has changed

The guideline value of Hostel Street has undergone several revisions over the years. In the 2012 revision, the guideline value was set at Rs 1,500 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 1,005 per sq.ft, marking a decline of 33%. However, the most recent revision in 2023 saw a significant increase to Rs 1,500 per sq.ft, reflecting a rise of 49% from the 2017 figure.

Overall, when comparing the 2012 and 2023 revisions, the guideline value remains the same at Rs 1,500 per sq.ft. It is important to note that the register has no figures for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Urapakkam

While there are no specific village figures provided, Hostel Street's guideline value is currently Rs 1,500 per sq.ft. The following are the other streets in Urapakkam:

Stamp duty and registration fee for property in Hostel Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty, charged at 7%, would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000. Together, the total fees would be Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Hostel Street?

The Sub Registrar Office that covers Hostel Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the property registration process in Urapakkam. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that both parties are aware of the financial obligations involved in the transaction.

It is essential for buyers and sellers to understand that the guideline value is set by the government and can change with revisions. This value is used to calculate the fees, which are necessary for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Hostel Street?

The current guideline value of Hostel Street is Rs 1,500 per sq.ft, as per the 2023 revision.

How much has the guideline value changed since 2012?

Since 2012, the guideline value has remained the same at Rs 1,500 per sq.ft, despite fluctuations in earlier revisions.

What was the guideline value in 2017?

The guideline value in 2017 was Rs 1,005 per sq.ft, which was a decrease of 33% from the 2012 figure.

Is there a guideline value for Hostel Street in 2024?

The register has no figure for Hostel Street in the 2024 revision.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.