Guideline Value for G Block west 17th Street

G Block west 17th Street guideline value

The current guideline value for G Block west 17th Street is Rs 11,500 per sq.ft, effective from 1 July 2024. This street is located in Thirumangalam village and falls under the AnnaNagar SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of G Block west 17th Street has changed

The guideline value for G Block west 17th Street has seen several revisions over the years. The 2017 revision recorded a value of Rs 7,035 per sq.ft, which increased to Rs 10,500 per sq.ft in the 2023 revision, marking a significant rise of 49%. The current revision in 2024 has further increased this value by 10%, bringing it to Rs 11,500 per sq.ft.

Prior to the 2017 revision, the 2012 revision also recorded a value of Rs 10,500 per sq.ft, which was a decrease of 33% from the 2017 figure. In the 2007 revision, the value was Rs 10,000 per sq.ft, reflecting a 5% increase from the previous revision. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Thirumangalam

In Thirumangalam, 149 streets under the AnnaNagar SRO have 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. G Block west 17th Street's 2024 figure aligns perfectly with this median.

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

Stamp duty and registration fee for property in G Block west 17th 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, totaling Rs 10,35,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers G Block west 17th Street?

The Sub Registrar Office that covers G Block west 17th Street 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 information.

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

The guideline value is a critical factor during the registration process when buying or selling property in Thirumangalam. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that the transaction is recorded at a fair value.

When a property is sold, the buyer and seller must consider the guideline value to calculate the total costs involved in the transaction. This ensures compliance with local regulations and helps in accurately documenting the sale with the Sub Registrar Office.

Frequently asked questions

What is the current guideline value for G Block west 17th Street?

The current guideline value for G Block west 17th 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 seen various changes, increasing from Rs 7,035 per sq.ft in 2017 to Rs 10,500 per sq.ft in 2023, and then to Rs 11,500 per sq.ft in 2024.

What are the other streets in Thirumangalam with the same guideline value?

Other streets in Thirumangalam with the same guideline value of Rs 11,500 per sq.ft include G Block west 16th Street, G Block west 18th Street, G Block west 15th Street, G Block west 1st Street, and G Block west 14th Street.

What fees are associated with buying property in G Block west 17th Street?

When buying property in G Block west 17th Street, you will incur a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for G Block west 17th Street?

The Sub Registrar Office for G Block west 17th Street is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.