Guideline Value for H Block west 14th Street

H Block west 14th Street guideline value

The current guideline value of H Block west 14th 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 14th Street has changed

The guideline value for H Block west 14th Street has seen several revisions over the years. The 2007 revision set the value at Rs 10,000 per sq.ft, which increased to Rs 10,500 per sq.ft in 2012. However, it then dropped significantly to Rs 7,035 per sq.ft in 2017. Following this, the 2023 revision raised the value to Rs 10,500 per sq.ft, and the most recent 2024 revision has set it at Rs 11,500 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 15%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

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 is Rs 11,500 per sq.ft, which is the same as the current figure for H Block west 14th Street.

• 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 15th Street: Rs 11,500 per sq.ft (2024)
• H Block west 16th Street: Rs 11,500 per sq.ft (2024)
• H Block west 17th Street: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in H Block west 14th 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 fees together to Rs 10,35,000. It is essential to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers H Block west 14th Street?

The Sub Registrar Office that covers H Block west 14th 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 details.

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 that need to be paid during the transaction.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of H Block west 14th Street?

The current guideline value of H Block west 14th 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, reflecting a 15% increase over the period.

What is the land classification for H Block west 14th Street?

H Block west 14th Street is classified as Residential Special Type - I, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for a property 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 can I find the Sub Registrar Office for H Block west 14th Street?

The Sub Registrar Office for H Block west 14th Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.