Guideline Value for H Block west 21st Street

H Block west 21st Street guideline value

The current guideline value for H Block west 21st Street is Rs 11,500 per sq.ft. 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 21st Street has changed

The guideline value for H Block west 21st Street has undergone several revisions over the years. In 2007, the guideline value was Rs 10,000 per sq.ft. This increased to Rs 10,500 per sq.ft in 2012, followed by a decrease to Rs 7,035 per sq.ft in 2017. The value then rose significantly to Rs 10,500 per sq.ft in 2023, and the latest revision in 2024 has set the value at Rs 11,500 per sq.ft. Notably, the register has no figure for this street in 2002 and 2003.

From 2017 to 2023, there was a substantial increase of 49%, while the change from 2012 to 2017 saw a decrease of 33%. Between 2007 and 2012, the increase was 5%. 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 guideline value for these streets is Rs 11,500 per sq.ft, which is equal to the value for H Block west 21st Street.

• H Block west 20th Street: Rs 11,500 per sq.ft (2024)
• H Block west 22nd Street: Rs 11,500 per sq.ft (2024)
• H Block west 1st Street: Rs 11,500 per sq.ft (2024)
• H Block west 23rd Street & 24 Street: Rs 11,500 per sq.ft (2024)
• H Block west 19th Street: Rs 11,500 per sq.ft (2024)
• H Block west 2nd Street: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in H Block west 21st 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, bringing the total to Rs 10,35,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers H Block west 21st Street?

The Sub Registrar Office that covers H Block west 21st Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By 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 crucial factor in the registration process when buying or selling property in Thirumangalam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the higher of the guideline value or the sale price is considered for calculating these fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for H Block west 21st Street?

The current guideline value for H Block west 21st Street is Rs 11,500 per sq.ft, effective from 1 July 2024.

How much did the guideline value change from 2017 to 2024?

From 2017 to 2024, the guideline value increased by 15%, moving from Rs 7,035 per sq.ft to Rs 11,500 per sq.ft.

What is the land classification for H Block west 21st Street?

The land classification for H Block west 21st Street is Residential Special Type - I.

Where can I find the registration office for H Block west 21st Street?

The registration office for H Block west 21st Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in Thirumangalam?

Stamp duty for properties in Thirumangalam is calculated based on the higher of the guideline value or the sale price. This ensures that the appropriate fees are collected during property transactions.