Guideline Value for G Block west 13th Street

G Block west 13th Street guideline value

The current guideline value for G Block west 13th Street in Thirumangalam village, under the AnnaNagar SRO, is Rs 11,500 per sq.ft, effective from 1 July 2024. This street falls under the Residential Special Type - I land classification.

How the guideline value of G Block west 13th Street has changed

The guideline value for G Block west 13th Street has undergone several revisions over the years. The 2024 revision sets the value at Rs 11,500 per sq.ft, an increase from Rs 10,500 per sq.ft in 2023, marking a rise of 10%. Prior to that, the value was Rs 7,035 per sq.ft in 2017, showing a significant increase of 49% over the six years. The 2012 revision had the value at Rs 10,500 per sq.ft, which was a decrease of 33% from Rs 7,035 per sq.ft in 2017. The 2007 revision recorded the value at Rs 10,000 per sq.ft, reflecting a 5% increase from the previous revision in 2012.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 15%.

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. The median value is Rs 11,500 per sq.ft, which is equal to the 2024 figure for G Block west 13th Street.

• G Block west 14th Street: Rs 11,500 per sq.ft (2024)
• G Block west 15th Street: Rs 11,500 per sq.ft (2024)
• G Block west 16th Street: Rs 11,500 per sq.ft (2024)
• G Block west 17th Street: Rs 11,500 per sq.ft (2024)
• G Block west 18th Street: Rs 11,500 per sq.ft (2024)
• G Block west 1st Street: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in G Block west 13th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 11,500 per sq.ft, the total guideline value would be Rs 1,15,00,000. The stamp duty at 7% would amount to Rs 8,05,000, and the registration fee at 2% would be Rs 2,30,000, bringing the total to Rs 10,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers G Block west 13th Street?

The Sub Registrar Office that covers G Block west 13th Street 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 details.

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 in Thirumangalam. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When you register a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for G Block west 13th Street?

The current guideline value for G Block west 13th Street is Rs 11,500 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 10,500 per sq.ft in 2023 to Rs 11,500 per sq.ft in 2024, an increase of 10%. From 2017 to 2023, it rose by 49% from Rs 7,035 per sq.ft.

What is the land classification for G Block west 13th Street?

The land classification for G Block west 13th Street is Residential Special Type - I.

Where can I find the Sub Registrar Office for G Block west 13th Street?

The Sub Registrar Office for G Block west 13th Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in Thirumangalam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property with a guideline value of Rs 1,15,00,000, the stamp duty would be calculated at 7% of that amount.