Guideline Value for Hygrevar Gardens

Hygrevar Gardens guideline value

The current guideline value of Hygrevar Gardens is Rs 900 per sq.ft, effective from 1 July 2024. This locality is situated in Chettipunniyam village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Hygrevar Gardens has changed

In the 2023 revision, the guideline value for Hygrevar Gardens was set at Rs 900 per sq.ft. The 2024 revision maintains this figure at Rs 900 per sq.ft, indicating no change between the two years. The register does not provide figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Since the 2024 revision shows a guideline value of Rs 900 per sq.ft, which is equal to the median value for other streets in Chettipunniyam, it reflects stability in the pricing for this locality. The previous revisions, from 2002 to 2017, do not have any recorded figures for Hygrevar Gardens.

Guideline values in Chettipunniyam

Chettipunniyam has a total of 47 streets under the Chengleput Joint II SRO, with guideline values for 2024 ranging from Rs 700 to Rs 4,750 per sq.ft. The median value for these streets is Rs 900 per sq.ft, placing Hygrevar Gardens at this median level.

• Hayagreevar Nagar Phase III - Extension: Rs 900 per sq.ft (2024)
• Hallmark Emerald: Rs 4,750 per sq.ft (2024)
• Inthira Gandhi Nagar: Rs 700 per sq.ft (2024)
• Golden Nagar: Rs 1,000 per sq.ft (2024)
• G.K. Avenue: Rs 900 per sq.ft (2024)
• Jothi Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Hygrevar Gardens

For a 1,000 sq.ft plot at the current guideline value of Rs 900 per sq.ft, the total guideline value amounts to Rs 9,00,000. The stamp duty at 7% would be Rs 63,000, and the registration fee at 2% would be Rs 18,000, bringing the total fees to Rs 81,000. 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 accurate calculations based on your property details.

Which Sub Registrar Office covers Hygrevar Gardens?

The Sub Registrar Office that covers Hygrevar Gardens is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for additional information.

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

The guideline value is a crucial factor when buying or selling property in Chettipunniyam, as it determines the minimum price at which a property can be registered. This value is used to calculate the stamp duty and registration fees, which are mandatory during the registration process.

When a property is sold, the guideline value ensures that the transaction is recorded at a price that reflects the local market conditions. Buyers and sellers must be aware of the guideline value to ensure compliance with the registration requirements.

Frequently asked questions

What is the current guideline value of Hygrevar Gardens?

The current guideline value of Hygrevar Gardens is Rs 900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Hygrevar Gardens has remained at Rs 900 per sq.ft from 2023 to 2024, with no changes noted. The register does not have figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification for Hygrevar Gardens?

The land classification for Hygrevar Gardens is Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in Hygrevar Gardens?

For a 1,000 sq.ft plot at the guideline value of Rs 900 per sq.ft, the total guideline value is Rs 9,00,000. The stamp duty would be Rs 63,000, and the registration fee would be Rs 18,000, totaling Rs 81,000.

Where is the Sub Registrar Office for Hygrevar Gardens located?

The Sub Registrar Office for Hygrevar Gardens is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.