Guideline Value for Hussan Garden

Hussan Garden guideline value

The current guideline value of Hussan Garden is Rs 1,700 per sq.ft, effective from 1 July 2024. This area falls under the Sholinganallur - 1 village and is registered with the Neelankarai SRO. The land classification for this street is Residential Class IV Type - I.

How the guideline value of Hussan Garden has changed

Over the years, the guideline value for Hussan Garden has seen several revisions. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017. The most recent revisions show that in 2023, the guideline value was Rs 1,500 per sq.ft, which increased to Rs 1,700 per sq.ft in 2024, marking a 13% rise.

In summary, the guideline value has progressed from Rs 1,500 per sq.ft in 2023 to the current rate of Rs 1,700 per sq.ft in 2024. This increase reflects the latest adjustments made in the Neelankarai SRO's valuation records.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, indicating that the guideline value of Hussan Garden is below this median.

• Husinda Info Tech Art Realders Pvt Ltd.,: Rs 2,200 per sq.ft (2024)
• Illy Pond Street (Allikulam Street): Rs 4,400 per sq.ft (2024)
• Harindar Singh Garden: Rs 3,900 per sq.ft (2024)
• Gunasekaran Thottam: Rs 1,700 per sq.ft (2024)
• Gunaha Garden Hamlet: Rs 4,400 per sq.ft (2024)
• Indu Mayana Pathai: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Hussan Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty, charged at 7%, would be Rs 1,19,000, while the registration fee at 2% would be Rs 34,000. Together, these fees would total Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Hussan Garden?

The Sub Registrar Office that covers Hussan Garden is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value plays a critical role during property transactions in Sholinganallur - 1. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. The fees are calculated based on the guideline value or the actual sale price, whichever is higher.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, helping to maintain transparency in the real estate market. Buyers and sellers should always refer to the latest guideline values to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Hussan Garden?

The current guideline value of Hussan Garden is Rs 1,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

Recently, the guideline value increased from Rs 1,500 per sq.ft in 2023 to Rs 1,700 per sq.ft in 2024, which is a 13% increase.

What is the land classification for Hussan Garden?

The land classification for Hussan Garden is Residential Class IV Type - I.

Where is the Neelankarai Sub Registrar Office located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is the stamp duty calculated for properties in Hussan Garden?

Stamp duty for properties in Hussan Garden is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2% on the guideline value.