Guideline Value for G Block west 15th Street

G Block west 15th Street guideline value

The current guideline value of G Block west 15th Street in Thirumangalam village, under the AnnaNagar SRO, is Rs 11,500 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Special Type - I land classification.

How the guideline value of G Block west 15th Street has changed

The guideline value for G Block west 15th Street has seen several revisions over the years. The 2007 revision set the value at Rs 10,000 per sq.ft, which increased to Rs 10,500 per sq.ft in 2012, marking a 5% rise. However, the value then decreased to Rs 7,035 per sq.ft in the 2017 revision, a decline of 33%. The subsequent 2023 revision brought the value back up to Rs 10,500 per sq.ft, reflecting a significant increase of 49%. The most recent 2024 revision has set the guideline value at Rs 11,500 per sq.ft, representing a 10% increase from the previous year.

It is important to note that there are no figures available for G Block west 15th Street in the 2002 and 2003 revisions. Overall, from the 2007 revision to the 2024 revision, 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 guideline value is Rs 11,500 per sq.ft, which is equal to the current value of G Block west 15th Street.

• G Block west 14th Street: Rs 11,500 per sq.ft (2024)
• G Block west 16th Street: Rs 11,500 per sq.ft (2024)
• G Block west 13th 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 15th 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, totaling Rs 10,35,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers G Block west 15th Street?

The G Block west 15th Street is covered by 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 is a crucial factor when buying or selling property in Thirumangalam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations and to avoid any legal issues during the registration process.

When a property is sold, the guideline value is used to calculate the applicable taxes and fees, which are necessary for the registration of the property. This ensures that the transaction is documented properly and that the government receives the due revenue from property transactions.

Frequently asked questions

What is the current guideline value of G Block west 15th Street?

The current guideline value of G Block west 15th 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, reflecting an overall increase of 15% over the years.

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

For a property valued at Rs 1,15,00,000, the stamp duty would be Rs 8,05,000 and the registration fee would be Rs 2,30,000, totaling Rs 10,35,000.

Which Sub Registrar Office covers G Block west 15th Street?

The AnnaNagar Sub Registrar Office covers G Block west 15th Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for G Block west 15th Street?

The land classification for G Block west 15th Street is Residential Special Type - I, indicating its designated use for residential purposes.