Guideline Value for SERENE HUB

Serene Hub guideline value

The current guideline value of Serene Hub in Kanakapattu village is Rs 1,815 per sq.ft, effective from 1 July 2024. This area falls under the Thiruporur SRO and is classified as Mixed Type - III.

How the guideline value of Serene Hub has changed

The guideline value for Serene Hub has undergone several revisions over the years. The 2012 revision set the value at Rs 1,650 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 1,105 per sq.ft. Following this, the value saw a significant increase to Rs 1,650 per sq.ft in 2023 and then further rose to Rs 1,815 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The changes between the revisions include a 49% increase from 2017 to 2023 and a 33% decrease from 2012 to 2017. The register has no figures for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Kanakapattu

In Kanakapattu, there are 15 streets under the Thiruporur SRO that have a 2024 guideline value ranging from Rs 665 to Rs 3,225 per sq.ft. The median value is Rs 2,205 per sq.ft, placing Serene Hub's 2024 figure below this median.

• Ram Nagar: Rs 2,200 per sq.ft (2024)
• Sri Vinayaga Nagar: Rs 665 per sq.ft (2024)
• White Pearls City: Rs 2,709 per sq.ft (2024)
• Harini City: Rs 1,320 per sq.ft (2024)
• Dugar Properties: Rs 2,205 per sq.ft (2024)
• A.D. Viswanath Avenue: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Serene Hub

For a 1,000 sq.ft plot at the current rate of Rs 1,815 per sq.ft, the guideline value amounts to Rs 18,15,000. The stamp duty at 7% would be Rs 1,27,050, and the registration fee at 2% would be Rs 36,300, totaling Rs 1,63,350. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Serene Hub?

The Sub Registrar Office that covers Serene Hub is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Kanakapattu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This process helps maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Serene Hub?

The current guideline value of Serene Hub is Rs 1,815 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,650 per sq.ft in 2012 to Rs 1,105 per sq.ft in 2017, then increased to Rs 1,650 per sq.ft in 2023, and finally to Rs 1,815 per sq.ft in 2024.

What is the land classification of Serene Hub?

Serene Hub is classified as Mixed Type - III, which indicates the type of development permissible in the area.

What are the stamp duty and registration fees for property in Serene Hub?

For a property valued at Rs 18,15,000, the stamp duty would be Rs 1,27,050 and the registration fee would be Rs 36,300, totaling Rs 1,63,350.

Which office handles property registrations for Serene Hub?

The Thiruporur Sub Registrar Office handles property registrations for Serene Hub, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.