Guideline Value for AM- Block, 14th Main Road T S no 67, Plot no 2976A, B,C, D

AM- Block, 14th Main Road T S no 67, Plot no 2976A, B,C, D guideline value

The current guideline value for AM- Block, 14th Main Road T S no 67, Plot no 2976A, B,C, D 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 AM- Block, 14th Main Road T S no 67, Plot no 2976A, B,C, D has changed

The guideline value for this property has seen several revisions over the years. The earliest recorded figure is from 2007, which was Rs 11,000 per sq.ft. This value increased to Rs 12,000 per sq.ft in 2012, followed by a decrease to Rs 8,040 per sq.ft in 2017. However, from 2017 to 2023, there was a significant rise of 49%, bringing the value to Rs 12,000 per sq.ft. The most recent revision in 2024 saw another increase of 10%, setting the current value at Rs 13,200 per sq.ft.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. The overall change from 2007 to 2024 reflects a 20% increase in the guideline value.

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 AM- Block, 14th Main Road T S no 67, Plot no 2976A, B,C, D 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)
• 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)
• 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 AM- Block, 14th Main Road T S no 67, Plot no 2976A, B,C, D

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 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. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers AM- Block, 14th Main Road T S no 67, Plot no 2976A, B,C, D?

The Sub Registrar Office that covers AM- Block, 14th Main Road T S no 67, Plot no 2976A, B,C, D is 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 details.

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

The guideline value is a crucial factor during the registration of property transactions in Thirumangalam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps buyers and sellers understand the official valuation of the property. It is essential for both parties to consider this value, as it impacts the overall costs associated with the transaction, including taxes and fees.

Frequently asked questions

What is the current guideline value for AM- Block, 14th Main Road T S no 67, Plot no 2976A, B,C, D?

The current guideline value for AM- Block, 14th Main Road T S no 67, Plot no 2976A, B,C, D 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 several times, starting from Rs 11,000 per sq.ft in 2007, increasing to Rs 12,000 in 2012, dropping to Rs 8,040 in 2017, and then rising to Rs 12,000 in 2023. The most recent revision in 2024 set the value at Rs 13,200 per sq.ft.

What are the stamp duty and registration fees for this property?

For a property valued at Rs 1,32,00,000, the stamp duty would be Rs 9,24,000 at 7%, and the registration fee would be Rs 2,64,000 at 2%, totaling Rs 11,88,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles the registration for this property?

The registration for AM- Block, 14th Main Road T S no 67, Plot no 2976A, B,C, D is handled by the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for this area?

The land classification for AM- Block, 14th Main Road T S no 67, Plot no 2976A, B,C, D is Mixed Type - II. This classification indicates the type of development and usage permitted in the area.