default or selected kernelversion does not have config value CONFIG_HW_CONSOLE.
Result is shown for kernelversion 6.9.9

CONFIG_HW_CONSOLE (not configurable)

modulename: vt.ko

configname: CONFIG_HW_CONSOLE

Linux Kernel Configuration
└─>Device Drivers
└─>Character devices
└─>HW_CONSOLE
In linux kernel since version 2.6.12  
source code: