Guideline Value for H Block west 19th Street

H Block west 19th Street guideline value

The current guideline value of H Block west 19th Street in Thirumangalam village, under the AnnaNagar SRO, is Rs 11,500 per sq.ft, effective from 1 July 2024. This street falls under the Residential Special Type - I land classification.

How the guideline value of H Block west 19th Street has changed

Over the years, the guideline value of H Block west 19th Street has seen several revisions. The earliest recorded figure is from 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 this, the value rose significantly to Rs 10,500 per sq.ft in 2023, and finally reached Rs 11,500 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Specifically, the changes between revisions are notable: from 2012 to 2017, there was a decrease of 33%, while from 2017 to 2023, the increase was 49%. 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

Thirumangalam has a total of 149 streets under the AnnaNagar SRO, which 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 the same as the guideline value for H Block west 19th Street.

• H Block west 18th Street: Rs 11,500 per sq.ft (2024)
• H Block west 1st Street: Rs 11,500 per sq.ft (2024)
• H Block west 17th Street: Rs 11,500 per sq.ft (2024)
• H Block west 20th Street: Rs 11,500 per sq.ft (2024)
• H Block west 16th Street: Rs 11,500 per sq.ft (2024)
• H Block west 21st Street: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in H Block west 19th 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 the duty is charged on the higher of the guideline value or the sale price.

You can calculate your own fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers H Block west 19th Street?

The H Block west 19th Street is covered by 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 plays a crucial role during the registration of property transactions in Thirumangalam. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is registered, the higher of the guideline value or the sale price is considered for calculating the applicable duties and fees. This ensures that the government receives the correct revenue based on the property's worth as per the established guidelines.

Frequently asked questions

What is the current guideline value of H Block west 19th Street?

The current guideline value of H Block west 19th 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 notable increases and decreases in between. The most significant increase occurred from 2017 to 2023, where it rose by 49%.

What is the land classification for H Block west 19th Street?

The land classification for H Block west 19th Street is Residential Special Type - I, which indicates its designated use for residential purposes.

What are the stamp duty and registration fees for properties in this area?

Stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For example, a 1,000 sq.ft plot at the current rate would incur a total of Rs 10,35,000 in fees.

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.