Guideline Value for AF- Block, 12th Main Road 2176, 2182, 2182A, B, 3362, “AJ”, 3362, “AK”

AF- Block, 12th Main Road 2176, 2182, 2182A, B, 3362, “AJ”, 3362, “AK” guideline value

The current guideline value of AF- Block, 12th Main Road 2176, 2182, 2182A, B, 3362, “AJ”, 3362, “AK” is Rs 13,200 per sq.ft, effective from 1 July 2024. This property is located in Thirumangalam village under the AnnaNagar SRO, with a land classification of Mixed Type - II.

How the guideline value of AF- Block, 12th Main Road 2176, 2182, 2182A, B, 3362, “AJ”, 3362, “AK” has changed

The guideline value has seen several revisions over the years. In the 2012 revision, the value was Rs 12,000 per sq.ft, which changed to Rs 8,040 per sq.ft in 2017. This marked a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 12,000 per sq.ft, reflecting a 49% rise. The most recent change in 2024 brought the guideline value to Rs 13,200 per sq.ft, a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 for this street. The 2007 revision set the value at Rs 11,000 per sq.ft, which was an increase of 9% from the previous revision. Overall, from 2007 to 2024, the guideline value has increased by 20%.

Guideline values in Thirumangalam

In Thirumangalam, there are 149 streets under the AnnaNagar SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 15,900 per sq.ft, with a median value of Rs 11,500 per sq.ft. The guideline value of AF- Block, 12th Main Road 2176, 2182, 2182A, B, 3362, “AJ”, 3362, “AK” is above this median.

• AK- Block, 14th Main Road 14th Main Road 2945 to 2948: Rs 13,200 per sq.ft (2024)
• AL- Block, 12th Main Road 2651, 2679, 2714, 2735, 2786, 2806, 2851, 2873, 2906: Rs 13,200 per sq.ft (2024)
• AL- Block, 14th Main Road 2879A, 2895 to 2906, 2930 to 2939, 2939A, B, 2940 to 2944, 2953: Rs 13,200 per sq.ft (2024)
• AM- Block, 14th Main Road T S no 67, Plot no 2976A, B,C, D: Rs 13,200 per sq.ft (2024)
• Anna Street: Rs 3,300 per sq.ft (2024)
• Asiad Colony (Near J.N.Road): Rs 13,200 per sq.ft (2024)

Stamp duty and registration fee for property in AF- Block, 12th Main Road 2176, 2182, 2182A, B, 3362, “AJ”, 3362, “AK”

For a 1,000 sq.ft plot at the current rate of Rs 13,200 per sq.ft, the guideline value amounts to Rs 1,32,00,000. The stamp duty at 7% would be Rs 9,24,000, and the registration fee at 2% would be Rs 2,64,000, totaling Rs 11,88,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers AF- Block, 12th Main Road 2176, 2182, 2182A, B, 3362, “AJ”, 3362, “AK”?

The AF- Block, 12th Main Road 2176, 2182, 2182A, B, 3362, “AJ”, 3362, “AK” is covered by the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions. When buying or selling property in Thirumangalam, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is in compliance with local regulations.

It is essential to be aware that the guideline value is not the same as the market value. Buyers and sellers must consider the guideline value during negotiations, as it serves as a benchmark for the minimum value at which a property can be registered.

Frequently asked questions

What is the current guideline value of AF- Block, 12th Main Road 2176, 2182, 2182A, B, 3362, “AJ”, 3362, “AK”?

The current guideline value of AF- Block, 12th Main Road 2176, 2182, 2182A, B, 3362, “AJ”, 3362, “AK” is Rs 13,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 12,000 per sq.ft in 2012 to Rs 8,040 per sq.ft in 2017, then increased to Rs 12,000 per sq.ft in 2023, and finally to Rs 13,200 per sq.ft in 2024.

What is the stamp duty for property in AF- Block, 12th Main Road?

The stamp duty for property in AF- Block, 12th Main Road is 7% of the guideline value. For a 1,000 sq.ft plot, this amounts to Rs 9,24,000 based on the current guideline value.

Which Sub Registrar Office covers this area?

The AnnaNagar Sub Registrar Office covers AF- Block, 12th Main Road 2176, 2182, 2182A, B, 3362, “AJ”, 3362, “AK”. It is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification of AF- Block, 12th Main Road?

The land classification of AF- Block, 12th Main Road is Mixed Type - II, which indicates the nature of the land use in that area.