Guideline Value for H Block west 1st Street

H Block west 1st Street guideline value

The current guideline value of H Block west 1st 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 1st Street has changed

Over the years, the guideline value of H Block west 1st Street has seen several revisions. The 2007 revision set the value at Rs 10,000 per sq.ft, which then increased to Rs 10,500 per sq.ft in the 2012 revision. However, in the 2017 revision, the value dropped to Rs 7,035 per sq.ft. Following this, the 2023 revision raised the value significantly to Rs 10,500 per sq.ft, and the most recent 2024 revision has further increased it to Rs 11,500 per sq.ft.

The changes between these revisions are noteworthy. From 2017 to 2023, there was a substantial increase of 49%. The 2012 to 2017 period saw a decrease of 33%, while the 2007 to 2012 period experienced a modest increase of 5%. 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 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 the same as the guideline value for H Block west 1st Street.

• H Block west 19th Street: Rs 11,500 per sq.ft (2024)
• H Block west 20th Street: Rs 11,500 per sq.ft (2024)
• H Block west 18th Street: Rs 11,500 per sq.ft (2024)
• H Block west 21st Street: Rs 11,500 per sq.ft (2024)
• H Block west 17th Street: Rs 11,500 per sq.ft (2024)
• H Block west 22nd Street: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in H Block west 1st 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, resulting in a total of Rs 10,35,000. It is important to note that the duty is charged on the higher of the guideline value or 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 1st Street?

The Sub Registrar Office that covers H Block west 1st 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 an essential factor when buying or selling property in Thirumangalam. It serves as a basis for calculating stamp duty and registration fees, ensuring that the fees are aligned with the current market conditions as reflected in the guideline values.

When registering a property, the guideline value helps determine the official value of the property for legal and taxation purposes. Buyers and sellers must be aware of these values to ensure compliance with the registration process.

Frequently asked questions

What is the current guideline value of H Block west 1st Street?

The current guideline value of H Block west 1st 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 notable increase of 49% from 2017 to 2023.

What is the land classification for H Block west 1st Street?

H Block west 1st Street is classified as Residential Special Type - I.

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

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 10,35,000.

Where is the Sub Registrar Office for H Block west 1st Street located?

The AnnaNagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.