Guideline Value for H Block west 23rd Street & 24 Street

H Block west 23rd Street & 24 Street guideline value

The current guideline value for H Block west 23rd Street & 24 Street is Rs 11,500 per sq.ft, effective from 1 July 2024. This area 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 23rd Street & 24 Street has changed

The guideline value for H Block west 23rd Street & 24 Street has undergone several revisions over the years. The earliest available 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 saw a significant rise 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, decreased by 33% from 2012 to 2017, and then rose by 49% from 2017 to 2023. The most recent change from 2023 to 2024 is an increase of 10%. Overall, the guideline value has increased by 15% from 2007 to 2024.

Guideline values in Thirumangalam

In Thirumangalam village, there are 149 streets under the AnnaNagar SRO that have 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 equal to the 2024 figure for H Block west 23rd Street & 24 Street. Below are the guideline values for other streets in Thirumangalam:

• H Block west 22nd Street: Rs 11,500 per sq.ft (2024)
• H Block west 2nd Street: Rs 11,500 per sq.ft (2024)
• H Block west 21st Street: Rs 11,500 per sq.ft (2024)
• H Block west 3rd Street: Rs 11,500 per sq.ft (2024)
• H Block west 20th Street: Rs 11,500 per sq.ft (2024)
• H Block west 4th Street: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in H Block west 23rd Street & 24 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. Please note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers H Block west 23rd Street & 24 Street?

The Sub Registrar Office that covers H Block west 23rd Street & 24 Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By 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 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 applicable to the transaction. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements during the registration process.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the stamp duty. This ensures that the government receives the appropriate revenue based on the established guideline value for the area.

Frequently asked questions

What is the current guideline value for H Block west 23rd Street & 24 Street?

The current guideline value for H Block west 23rd Street & 24 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, including a significant rise of 49% from 2017 to 2023.

What is the land classification for H Block west 23rd Street & 24 Street?

The land classification for H Block west 23rd Street & 24 Street is Residential Special Type - I.

Where can I find information on stamp duty and registration fees?

Information on stamp duty and registration fees can be calculated using the stamp duty and registration fee calculator.

Which office handles the registration for this area?

The AnnaNagar Sub Registrar Office handles the registration for H Block west 23rd Street & 24 Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.