Guideline Value for Simson Company Road (Hosur Garden)

Simson Company Road (Hosur Garden) guideline value

The current guideline value of Simson Company Road (Hosur Garden) is Rs 6,000 per sq.ft, effective from 1 July 2024. This road is located in Peravallur village under the Sembiam SRO, classified as Industries Type - I.

How the guideline value of Simson Company Road (Hosur Garden) has changed

The guideline value for Simson Company Road (Hosur Garden) has undergone several revisions over the years. The oldest recorded revision is from 2012, which set the value at Rs 5,500 per sq.ft. This was followed by a decrease to Rs 3,685 per sq.ft in the 2017 revision, marking a decline of 33%. The value then increased significantly to Rs 5,500 per sq.ft in the 2023 revision, and further rose to Rs 6,000 per sq.ft in the 2024 revision, reflecting a 9% increase from the previous year.

In summary, the guideline value has increased by 49% from 2017 to 2023, and the overall change from the 2012 revision to the 2024 revision is an increase of 9%. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Peravallur

In Peravallur, there are 423 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 7,100 per sq.ft, with a median value of Rs 3,301 per sq.ft. The guideline value for Simson Company Road (Hosur Garden) is above this median.

• Sivabushanam Street (Vetri Nagar): Rs 3,301 per sq.ft (2024)
• Sivalingam Road 1st Cross Street: Rs 2,400 per sq.ft (2024)
• Sivalingam Road 2nd Cross Street: Rs 2,400 per sq.ft (2024)
• Sivalingam Road 3rd Cross Street: Rs 2,400 per sq.ft (2024)
• Sivalingam Road 4th Cross Street: Rs 2,400 per sq.ft (2024)
• Sivalingam Road 5th Cross Street: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Simson Company Road (Hosur Garden)

For a 1,000 sq.ft plot at the current guideline value of Rs 6,000 per sq.ft, the total guideline value amounts to Rs 60,00,000. The stamp duty, charged at 7%, would be Rs 4,20,000, and the registration fee at 2% would be Rs 1,20,000, totaling Rs 5,40,000. It's 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 Simson Company Road (Hosur Garden)?

The Sub Registrar Office that covers Simson Company Road (Hosur Garden) is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Peravallur, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are essential costs associated with the transaction.

It is important for buyers and sellers to be aware of the guideline value as it can affect the overall cost of purchasing or selling a property. Ensuring that the property is valued correctly according to the guideline value can help in avoiding disputes during the registration process.

Frequently asked questions

What is the current guideline value of Simson Company Road (Hosur Garden)?

The current guideline value of Simson Company Road (Hosur Garden) is Rs 6,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 5,500 per sq.ft in 2012 to Rs 3,685 per sq.ft in 2017, then increased to Rs 5,500 per sq.ft in 2023, and finally to Rs 6,000 per sq.ft in 2024.

What is the land classification for Simson Company Road (Hosur Garden)?

Simson Company Road (Hosur Garden) is classified as Industries Type - I.

Where can I find the Sembiam Sub Registrar Office?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is the stamp duty calculated for properties on Simson Company Road?

The stamp duty for properties on Simson Company Road is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.