Guideline Value for H Block west 10th Street

H Block west 10th Street guideline value

The current guideline value of H Block west 10th 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 10th Street has changed

The guideline value for H Block west 10th Street has seen several revisions over the years. The earliest available figure is from 2007, which 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 that, the value rose significantly to Rs 10,500 per sq.ft in 2023, and currently stands at Rs 11,500 per sq.ft in the 2024 revision. There are no figures available for the years 2002 and 2003 in the register for this street.

From 2017 to 2023, the guideline value increased by 49%, while the change from 2012 to 2017 saw a decrease of 33%. The value rose by 5% from 2007 to 2012. Overall, from 2007 to 2024, the guideline value has increased by 15%.

Guideline values in Thirumangalam

In Thirumangalam, 149 streets under the AnnaNagar SRO carry a 2024 guideline value ranging from Rs 3,300 to Rs 15,900 per sq.ft, with a median value of Rs 11,500 per sq.ft. H Block west 10th Street's 2024 figure is equal to this median.

• H Block west 11th Street: Rs 11,500 per sq.ft (2024)
• H Block west 12th Street: Rs 11,500 per sq.ft (2024)
• H Block west 13th Street: Rs 11,500 per sq.ft (2024)
• H Block west 14th Street: Rs 11,500 per sq.ft (2024)
• H Block west 15th Street: Rs 11,500 per sq.ft (2024)
• H Block west 16th Street: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in H Block west 10th 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, leading to a total cost of 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 use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers H Block west 10th Street?

The Sub Registrar Office that covers H Block west 10th 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 plays a crucial role when buying or selling property in Thirumangalam. It is used to determine the stamp duty and registration fees that are applicable during the registration process. Buyers should be aware that these costs can significantly affect the overall expenses involved in property transactions.

When a property is sold, the guideline value is considered to ensure that the transaction is recorded accurately. It is essential for both buyers and sellers to understand how the guideline value impacts the financial aspects of property ownership and transfer.

Frequently asked questions

What is the current guideline value of H Block west 10th Street?

The current guideline value of H Block west 10th 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, showing an overall increase of 15% over the years.

What is the land classification for H Block west 10th Street?

H Block west 10th Street is classified as Residential Special Type - I.

What are the stamp duty rates for property in H Block west 10th Street?

The stamp duty for property in H Block west 10th Street is charged at 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for H Block west 10th Street located?

The Sub Registrar Office for H Block west 10th Street is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.