Guideline Value for H Block west 15th Street

H Block west 15th Street guideline value

The current guideline value for H Block west 15th Street is Rs 11,500 per sq.ft, effective from 1 July 2024. This street is located in Thirumangalam village, under the AnnaNagar SRO, and is classified as Residential Special Type - I.

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

The guideline value for H Block west 15th Street has seen several revisions over the years. The earliest registered figure is from 2007, where it was Rs 10,000 per sq.ft. This increased to Rs 10,500 per sq.ft in 2012, but then dropped to Rs 7,035 per sq.ft in 2017. The value rose significantly to Rs 10,500 per sq.ft in 2023 and is now at Rs 11,500 per sq.ft in 2024. There are no figures available for the years 2002 and 2003.

Between the revisions, the changes were notable. From 2012 to 2017, there was a decrease of 33%, followed by a substantial increase of 49% from 2017 to 2023. The most recent change from 2023 to 2024 reflects a 10% increase. 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 current guideline value of H Block west 15th Street.

• H Block west 14th Street: Rs 11,500 per sq.ft (2024)
• H Block west 13th Street: Rs 11,500 per sq.ft (2024)
• H Block west 16th Street: Rs 11,500 per sq.ft (2024)
• H Block west 17th Street: Rs 11,500 per sq.ft (2024)
• H Block west 12th Street: Rs 11,500 per sq.ft (2024)
• H Block west 18th Street: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in H 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, while the registration fee at 2% would be Rs 2,30,000, bringing the total fees together to 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 H Block west 15th Street?

The Sub Registrar Office that covers H Block west 15th 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 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 properties can be registered, ensuring that transactions reflect the current market conditions as per the government regulations.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees, which are mandatory for legal property transactions. This ensures transparency and fairness in the registration process, protecting both buyers and sellers.

Frequently asked questions

What is the current guideline value for H Block west 15th Street?

The current guideline value for H 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 several times, starting from Rs 10,000 per sq.ft in 2007, increasing to Rs 10,500 in 2012, dropping to Rs 7,035 in 2017, and finally rising to Rs 11,500 in 2024.

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

H Block west 15th Street is classified as Residential Special Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in H Block west 15th Street?

For a 1,000 sq.ft plot, the total guideline value is 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 office handles registrations for H Block west 15th Street?

The AnnaNagar Sub Registrar Office handles registrations for H Block west 15th Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.