Guideline Value for H Block west 13th Street

H Block west 13th Street guideline value

The current guideline value of H Block west 13th 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 13th Street has changed

The guideline value for H Block west 13th Street has seen several revisions over the years. In 2007, the value was Rs 10,000 per sq.ft, which increased to Rs 10,500 per sq.ft in 2012. However, it dropped to Rs 7,035 per sq.ft in 2017, marking a decrease of 33%. The value then rose significantly to Rs 10,500 per sq.ft in 2023, and the most recent revision in 2024 set it at Rs 11,500 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the years 2002 and 2003 for H Block west 13th Street. 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 value for these streets is Rs 11,500 per sq.ft, which is equal to the guideline value of H Block west 13th Street.

• H Block west 12th Street: Rs 11,500 per sq.ft (2024)
• H Block west 14th Street: Rs 11,500 per sq.ft (2024)
• H Block west 11th Street: Rs 11,500 per sq.ft (2024)
• H Block west 15th Street: Rs 11,500 per sq.ft (2024)
• H Block west 10th 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 13th 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, 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 13th Street?

The Sub Registrar Office that covers H Block west 13th 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 is a crucial factor when registering property transactions in Thirumangalam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of H Block west 13th Street?

The current guideline value of H Block west 13th 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 revisions in between, including a drop to Rs 7,035 per sq.ft in 2017 and an increase to Rs 10,500 per sq.ft in 2023.

What is the land classification for H Block west 13th Street?

H Block west 13th Street is classified as Residential Special Type - I.

Where can I find the registration office for H Block west 13th Street?

The registration office for H Block west 13th Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in Thirumangalam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 1,15,00,000, the stamp duty would be Rs 8,05,000 at a rate of 7%.