Guideline Value for H Block west 18th Street

H Block west 18th Street guideline value

The current guideline value of H Block west 18th 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 18th Street has changed

The guideline value for H Block west 18th Street has seen several revisions over the years. In 2007, the guideline value was Rs 10,000 per sq.ft, which increased to Rs 10,500 per sq.ft in 2012. However, it then 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 the most recent revision in 2024 set the value at Rs 11,500 per sq.ft. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, there was a notable increase of 49%, while the jump from 2023 to 2024 was 10%. The value saw a decrease of 33% from 2012 to 2017, and a modest increase of 5% from 2007 to 2012. 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, with the median value being Rs 11,500 per sq.ft. H Block west 18th Street's 2024 figure aligns with this median.

• H Block west 17th Street: Rs 11,500 per sq.ft (2024)
• H Block west 19th Street: Rs 11,500 per sq.ft (2024)
• H Block west 16th Street: Rs 11,500 per sq.ft (2024)
• H Block west 1st Street: Rs 11,500 per sq.ft (2024)
• H Block west 15th Street: Rs 11,500 per sq.ft (2024)
• H Block west 20th Street: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in H Block west 18th 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, bringing the total to Rs 10,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers H Block west 18th Street?

The H Block west 18th Street falls under the jurisdiction of the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. For further details, you can find your SRO.

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 the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps determine the minimum price at which a property can be registered. Buyers should be aware that the stamp duty will be calculated on the higher of the guideline value or the actual sale price, which ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of H Block west 18th Street?

The current guideline value of H Block west 18th 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 significantly from Rs 10,000 per sq.ft in 2007 to Rs 11,500 per sq.ft in 2024, with notable fluctuations in between.

What is the land classification for H Block west 18th Street?

H Block west 18th Street is classified as Residential Special Type - I, indicating its suitability for residential development.

Where is the AnnaNagar Sub Registrar Office located?

The AnnaNagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

How is stamp duty calculated for properties in H Block west 18th Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 1,15,00,000, the stamp duty would be Rs 8,05,000 at a rate of 7%.