Guideline Value for AL- Block, 14th Main Road 2879A, 2895 to 2906, 2930 to 2939, 2939A, B, 2940 to 2944, 2953

AL- Block, 14th Main Road 2879A, 2895 to 2906, 2930 to 2939, 2939A, B, 2940 to 2944, 2953 guideline value

The current guideline value for AL- Block, 14th Main Road 2879A, 2895 to 2906, 2930 to 2939, 2939A, B, 2940 to 2944, 2953 is Rs 13,200 per sq.ft, effective from 1 July 2024. This property is located in Thirumangalam village and falls under the AnnaNagar SRO. The land classification for this area is Mixed Type - II.

How the guideline value of AL- Block, 14th Main Road 2879A, 2895 to 2906, 2930 to 2939, 2939A, B, 2940 to 2944, 2953 has changed

The guideline value for this street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 13,200 per sq.ft, which is a 10% increase from the 2023 revision of Rs 12,000 per sq.ft. Prior to that, the value was Rs 8,040 per sq.ft in 2017, reflecting a significant increase of 49% from the previous 2012 figure of Rs 12,000 per sq.ft. The 2012 figure had decreased by 33% from Rs 11,000 per sq.ft in 2007. Overall, from 2007 to 2024, the guideline value has increased by 20%.

The register does not provide figures for the years 2002 and 2003 for this street. This lack of data means we cannot assess any changes during those years.

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, 14th Main Road 2879A, 2895 to 2906, 2930 to 2939, 2939A, B, 2940 to 2944, 2953 is above this median.

• AL- Block, 12th Main Road 2651, 2679, 2714, 2735, 2786, 2806, 2851, 2873, 2906: 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, 14th Main Road 2879A, 2895 to 2906, 2930 to 2939, 2939A, B, 2940 to 2944, 2953

For a 1,000 sq.ft plot at the current guideline value of Rs 13,200 per sq.ft, the total guideline value amounts to Rs 1,32,00,000. The stamp duty, calculated at 7%, would be Rs 9,24,000, and the registration fee at 2% would be Rs 2,64,000, bringing the total to 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 further calculations.

Which Sub Registrar Office covers AL- Block, 14th Main Road 2879A, 2895 to 2906, 2930 to 2939, 2939A, B, 2940 to 2944, 2953?

The AL- Block, 14th Main Road 2879A, 2895 to 2906, 2930 to 2939, 2939A, B, 2940 to 2944, 2953 property falls under the jurisdiction of 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 in property transactions in Thirumangalam. It is used to determine the stamp duty and registration fees applicable when buying or selling property. The fees are calculated based on the higher of the guideline value or the sale price, ensuring that the government receives appropriate revenue from property transactions.

When a buyer or seller approaches the registration office, they must provide the guideline value to facilitate the calculation of the necessary fees. This ensures transparency and compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value for AL- Block, 14th Main Road?

The current guideline value for AL- Block, 14th Main Road 2879A, 2895 to 2906, 2930 to 2939, 2939A, B, 2940 to 2944, 2953 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, from Rs 11,000 per sq.ft in 2007 to Rs 13,200 per sq.ft in 2024, marking an overall increase of 20%. The most recent revision in 2024 saw a 10% increase from Rs 12,000 per sq.ft in 2023.

What is the land classification for this area?

The land classification for AL- Block, 14th Main Road is Mixed Type - II. This classification affects the guideline value and the types of properties that can be developed in the area.

Where can I find the registration office for this property?

The registration office for AL- Block, 14th Main Road is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037. This office handles all registrations for properties in the area.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 1,32,00,000, the stamp duty would be Rs 9,24,000 and the registration fee would be Rs 2,64,000, totaling Rs 11,88,000.