Guideline Value for G Block west 14th Street

G Block west 14th Street guideline value

The current guideline value of G Block west 14th Street is Rs 11,500 per sq.ft, effective from 1 July 2024. This street is located in Thirumangalam village under the AnnaNagar SRO, classified as Residential Special Type - I.

How the guideline value of G Block west 14th Street has changed

Over the years, the guideline value for G Block west 14th Street has seen several revisions. The 2007 revision recorded a value of Rs 10,000 per sq.ft, which remained unchanged until the 2012 revision when it adjusted to Rs 10,000 per sq.ft. The 2017 revision marked a significant increase to Rs 7,035 per sq.ft, followed by a substantial rise to Rs 10,500 per sq.ft in 2023. The latest 2024 revision has set the value at Rs 11,500 per sq.ft, reflecting a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. However, there were 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 village, there are 149 streets under the AnnaNagar SRO with a guideline value for 2024 ranging from Rs 3,300 to Rs 15,900 per sq.ft. The median value is Rs 11,500 per sq.ft, which is the same as the guideline value for G Block west 14th Street.

• G Block west 13th 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 14th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 11,500 per sq.ft, the total guideline value amounts to Rs 1,15,00,000. The stamp duty at 7% would be Rs 8,05,000, and the registration fee at 2% would be Rs 2,30,000, leading to a total of 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 also use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers G Block west 14th Street?

The G Block west 14th Street falls under the jurisdiction of the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process of property transactions in Thirumangalam. It serves as a benchmark for determining the stamp duty and registration fees payable during the sale or purchase of property.

When a property is registered, the guideline value is considered alongside the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring that all transactions are conducted transparently and fairly.

Frequently asked questions

What is the current guideline value of G Block west 14th Street?

The current guideline value of G Block west 14th Street is Rs 11,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 10,000 per sq.ft in 2007 to Rs 11,500 per sq.ft in 2024, marking a total increase of 15% over the years.

What is the stamp duty rate for properties in G Block west 14th Street?

The stamp duty rate for properties in G Block west 14th Street is 7% of the guideline value or sale price, whichever is higher.

Where is the AnnaNagar Sub Registrar Office located?

The AnnaNagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

What is the median guideline value for streets in Thirumangalam?

The median guideline value for streets in Thirumangalam is Rs 11,500 per sq.ft, which is the same as the guideline value for G Block west 14th Street.