Guideline Value for H Block west 17th Street

H Block west 17th Street guideline value

The current guideline value for H 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, classified as Residential Special Type - I.

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

The guideline value for H Block west 17th Street has undergone several revisions over the years. The earliest recorded revision was in 2007, where the value was Rs 10,000 per sq.ft. This increased to Rs 10,500 per sq.ft in 2012, then decreased to Rs 7,035 per sq.ft in 2017. Following that, the value saw a significant increase to Rs 10,500 per sq.ft in 2023, and finally, it reached Rs 11,500 per sq.ft in the 2024 revision.

In terms of changes, the guideline value increased by 5% from 2007 to 2012, then decreased by 33% from 2012 to 2017. It rose by 49% from 2017 to 2023, and then increased by 10% from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 15%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Thirumangalam

In Thirumangalam, there are 149 streets under the AnnaNagar SRO with 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 the same as the current value for H Block west 17th Street.

• H Block west 16th Street: Rs 11,500 per sq.ft (2024)
• H Block west 18th Street: Rs 11,500 per sq.ft (2024)
• H Block west 15th Street: Rs 11,500 per sq.ft (2024)
• H Block west 19th Street: Rs 11,500 per sq.ft (2024)
• H Block west 14th Street: Rs 11,500 per sq.ft (2024)
• H Block west 1st Street: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in H 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, making the total fees Rs 10,35,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office that covers H 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. To find your SRO, you can visit find your SRO.

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 is used to determine the stamp duty and registration fees payable during the sale or purchase of property. The guideline value ensures that the property is registered at a value that reflects its worth as per the government standards.

When buying or selling property, the guideline value serves as a benchmark for the transaction. Buyers should be aware that the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures transparency and fairness in property dealings.

Frequently asked questions

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

The current guideline value for H 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 changed from Rs 10,000 per sq.ft in 2007 to Rs 11,500 per sq.ft in 2024, with various increases and decreases in between. The most significant increase occurred between 2017 and 2023, where it rose by 49%.

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 H Block west 16th Street, H Block west 18th Street, H Block west 15th Street, H Block west 19th Street, H Block west 14th Street, and H Block west 1st Street.

What is the registration office for H Block west 17th Street?

The registration office for H Block west 17th Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in Thirumangalam?

Stamp duty for properties in Thirumangalam is calculated based on the guideline value or the sale price, whichever is higher. The current rate is 7% for stamp duty and 2% for the registration fee.