Guideline Value for H Block west 12th Street

H Block west 12th Street guideline value

The current guideline value of H Block west 12th Street is Rs 11,500 per sq.ft, effective from 1 July 2024. This street is located in Thirumangalam village and falls under the AnnaNagar SRO, classified as Residential Special Type - I.

How the guideline value of H Block west 12th Street has changed

The guideline value for H Block west 12th Street has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 10,000 per sq.ft. This increased to Rs 10,500 per sq.ft in 2012, before decreasing to Rs 7,035 per sq.ft in 2017. The 2023 revision saw a significant rise to Rs 10,500 per sq.ft, which was further increased to Rs 11,500 per sq.ft in 2024.

Between the revisions, there have been notable changes. From 2017 to 2023, the guideline value increased by 49%. However, from 2012 to 2017, there was a decrease of 33%. The overall change from 2007 to 2024 reflects a 15% increase in the guideline value.

Guideline values in Thirumangalam

In Thirumangalam, there are 149 streets under the AnnaNagar SRO with 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 current value for H Block west 12th Street.

• H Block west 11th Street: Rs 11,500 per sq.ft (2024)
• H Block west 13th Street: Rs 11,500 per sq.ft (2024)
• H Block west 10th 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 12th Street

For a 1,000 sq.ft plot at the current rate of Rs 11,500 per sq.ft, the 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 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 12th Street?

The Sub Registrar Office that covers H Block west 12th Street is 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 in property transactions in Thirumangalam. It is used to determine the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers should be aware that the guideline value can affect the overall cost of property transactions.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives appropriate revenue from property transactions, reflecting the value of the property being transferred.

Frequently asked questions

What is the current guideline value of H Block west 12th Street?

The current guideline value of H Block west 12th 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 several times, starting from Rs 10,000 per sq.ft in 2007, increasing to Rs 10,500 in 2012, dropping to Rs 7,035 in 2017, rising to Rs 10,500 in 2023, and finally reaching Rs 11,500 in 2024.

What is the land classification for H Block west 12th Street?

H Block west 12th Street is classified as Residential Special Type - I, indicating its suitability for residential development.

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

For a property valued at Rs 1,15,00,000, the stamp duty would be Rs 8,05,000 and the registration fee would be Rs 2,30,000, totaling Rs 10,35,000.

Where is the Sub Registrar Office for H Block west 12th Street located?

The Sub Registrar Office for H Block west 12th Street is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.