Guideline Value for AL- Block, 12th Main Road 2651, 2679, 2714, 2735, 2786, 2806, 2851, 2873, 2906

AL- Block, 12th Main Road 2651, 2679, 2714, 2735, 2786, 2806, 2851, 2873, 2906 guideline value

The current guideline value for AL- Block, 12th Main Road 2651, 2679, 2714, 2735, 2786, 2806, 2851, 2873, 2906 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 AL- Block, 12th Main Road 2651, 2679, 2714, 2735, 2786, 2806, 2851, 2873, 2906 has changed

Over the years, the guideline value for AL- Block, 12th Main Road has seen several revisions. The 2007 revision set the value at Rs 11,000 per sq.ft. This increased to Rs 12,000 per sq.ft in 2012, followed by a decrease to Rs 8,040 per sq.ft in 2017. The value then rose significantly to Rs 12,000 per sq.ft in 2023, culminating in the current value of Rs 13,200 per sq.ft in 2024, reflecting a 10% increase from the previous year.

From 2017 to 2023, the increase was 49%, while the change from 2012 to 2017 was a decrease of 33%. The value rose by 9% from 2007 to 2012. Overall, from 2007 to 2024, the guideline value has increased by 20%. The register has no figures for the years 2002 and 2003 for this street.

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 for AL- Block, 12th Main Road is above this median.

• 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)
• AK- Block, 14th Main Road 2945 to 2948: 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)
• AF- Block, 12th Main Road 2176, 2182, 2182A, B, 3362, “AJ”, 3362, “AK”: 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 AL- Block, 12th Main Road 2651, 2679, 2714, 2735, 2786, 2806, 2851, 2873, 2906

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, making the total Rs 11,88,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers AL- Block, 12th Main Road 2651, 2679, 2714, 2735, 2786, 2806, 2851, 2873, 2906?

The Sub Registrar Office that covers AL- Block, 12th Main Road is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By 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 during property transactions in Thirumangalam. It is used to calculate the stamp duty and registration fees that buyers must pay when registering a property. The duty is charged on the higher of the guideline value or the sale price, ensuring that the government receives appropriate revenue from property transactions.

When selling a property, the guideline value can affect the perceived value of the property. Buyers and sellers often consider the guideline value when negotiating prices, as it provides a benchmark for property values in the area. Understanding the guideline value is essential for both parties to ensure a smooth transaction.

Frequently asked questions

What is the current guideline value for AL- Block, 12th Main Road?

The current guideline value for AL- Block, 12th Main Road 2651, 2679, 2714, 2735, 2786, 2806, 2851, 2873, 2906 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 significantly over the years, with the most recent increase being from Rs 12,000 per sq.ft in 2023 to Rs 13,200 per sq.ft in 2024, a 10% rise. The value has seen fluctuations, including a decrease from Rs 12,000 in 2012 to Rs 8,040 in 2017.

What is the stamp duty for properties in AL- Block, 12th Main Road?

The stamp duty for properties in AL- Block, 12th Main Road is calculated at 7% of the guideline value. For example, on a property valued at Rs 1,32,00,000, the stamp duty would be Rs 9,24,000.

Where is the Sub Registrar Office for AL- Block, 12th Main Road located?

The Sub Registrar Office for AL- Block, 12th Main Road is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for AL- Block, 12th Main Road?

The land classification for AL- Block, 12th Main Road is Mixed Type - II, indicating the type of development and usage permitted in this area.