Guideline Value for H Block west 22nd Street

H Block west 22nd Street guideline value

The current guideline value of H Block west 22nd 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 the land classification is Residential Special Type - I.

How the guideline value of H Block west 22nd Street has changed

The guideline value for H Block west 22nd Street has undergone several revisions over the years. The earliest recorded value is from 2007 at Rs 10,000 per sq.ft, which increased to Rs 10,500 in 2012. However, there was a decrease to Rs 7,035 in 2017. The value then rose significantly to Rs 10,500 in 2023, before reaching the current rate of Rs 11,500 in 2024. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, the guideline value increased by 49%, and from 2023 to 2024, it rose by 10%. Overall, from 2007 to 2024, the increase is 15%. The fluctuations in the guideline value reflect the various local factors affecting property assessment in this area.

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 current value of H Block west 22nd Street.

• H Block west 21st 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 20th Street: Rs 11,500 per sq.ft (2024)
• H Block west 2nd Street: Rs 11,500 per sq.ft (2024)
• H Block west 1st Street: Rs 11,500 per sq.ft (2024)
• H Block west 3rd Street: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in H Block west 22nd 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, totaling Rs 10,35,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers H Block west 22nd Street?

The H Block west 22nd Street falls under the jurisdiction of the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). For more information, 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 in property transactions in Thirumangalam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transfer of property ownership. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to calculate the applicable charges. It is essential for both parties to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for H Block west 22nd Street?

The current guideline value for H Block west 22nd 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 in 2007 to Rs 11,500 in 2024, with various fluctuations in between, including a drop to Rs 7,035 in 2017.

What is the land classification for H Block west 22nd Street?

The land classification for H Block west 22nd Street is Residential Special Type - I.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office covering H Block west 22nd 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 is calculated based on the guideline value or the sale price, whichever is higher. It is important to factor in both the guideline value and the sale price during property transactions.