Guideline Value for H Block west 16th Street

H Block west 16th Street guideline value

The current guideline value of H Block west 16th 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 16th Street has changed

The guideline value for H Block west 16th Street has undergone 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. However, it decreased to Rs 7,035 per sq.ft in 2017. Following this, the value rose significantly to Rs 10,500 per sq.ft in 2023, and finally to Rs 11,500 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value saw a notable increase of 49%. The transition from 2012 to 2017 involved a decrease of 33%, while the change from 2007 to 2012 was a modest increase of 5%. Overall, from 2007 to 2024, the guideline value has increased by 15%. The register does not contain figures for the years 2002 and 2003 for this street.

Guideline values in Thirumangalam

In Thirumangalam village, 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 matches the current value for H Block west 16th Street.

• H Block west 15th Street: Rs 11,500 per sq.ft (2024)
• H Block west 17th Street: Rs 11,500 per sq.ft (2024)
• H Block west 14th Street: Rs 11,500 per sq.ft (2024)
• H Block west 18th Street: Rs 11,500 per sq.ft (2024)
• H Block west 13th Street: Rs 11,500 per sq.ft (2024)
• H Block west 19th Street: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in H Block west 16th 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, making the total cost for these fees 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 detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers H Block west 16th Street?

The Sub Registrar Office that covers H Block west 16th 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 in property transactions in Thirumangalam. It serves as the base value for calculating stamp duty and registration fees when buying or selling property. Buyers should be aware that the guideline value is used to determine the minimum value on which these fees are calculated.

During the registration process, the guideline value ensures that the transaction is recorded at a standardized value, which helps in maintaining transparency in property dealings. This value is essential for both buyers and sellers to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of H Block west 16th Street?

The current guideline value of H Block west 16th 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 several changes, starting from Rs 10,000 per sq.ft in 2007 to Rs 11,500 per sq.ft in 2024, with notable increases and decreases in between.

What are the stamp duty and registration fees for properties 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 H Block west 16th Street?

The AnnaNagar Sub Registrar Office covers H Block west 16th Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for H Block west 16th Street?

H Block west 16th Street is classified as Residential Special Type - I, indicating its suitability for residential purposes.