Guideline Value for H Block west 20th Street

H Block west 20th Street guideline value

The current guideline value of H Block west 20th Street in Thirumangalam village, under the AnnaNagar SRO, is Rs 11,500 per sq.ft, effective from 1 July 2024. This street falls under the Residential Special Type - I land classification.

How the guideline value of H Block west 20th Street has changed

The guideline value for H Block west 20th Street has undergone several revisions over the years. The earliest recorded revision is from 2007, where the value was Rs 10,000 per sq.ft. This increased to Rs 10,500 per sq.ft in 2012, followed by a decrease to Rs 7,035 per sq.ft in 2017. The value saw a significant increase to Rs 10,500 per sq.ft in 2023, and finally, it rose to Rs 11,500 per sq.ft in the 2024 revision.

In terms of changes, the guideline value increased by 5% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then increased by 49% from 2017 to 2023. The most recent change from 2023 to 2024 reflects a 10% increase. Overall, from 2007 to 2024, the guideline value has increased by 15%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Thirumangalam

Thirumangalam village has a total of 149 streets under the AnnaNagar SRO, with guideline values 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 equal to the current value of H Block west 20th Street.

• H Block west 1st Street: Rs 11,500 per sq.ft (2024)
• H Block west 21st Street: Rs 11,500 per sq.ft (2024)
• H Block west 19th Street: Rs 11,500 per sq.ft (2024)
• H Block west 22nd Street: Rs 11,500 per sq.ft (2024)
• H Block west 18th Street: Rs 11,500 per sq.ft (2024)
• H Block west 23rd Street & 24 Street: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in H Block west 20th 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 is calculated at 7%, which comes to Rs 8,05,000, and the registration fee at 2% totals Rs 2,30,000. Together, the total fees would be 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 the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers H Block west 20th Street?

The Sub Registrar Office that covers H Block west 20th 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 when buying or selling property. Buyers and sellers should be aware that the guideline value is a key factor in the registration process.

When registering a property, the guideline value will be assessed to calculate the applicable fees. This ensures that the registration process is transparent and based on the officially recognized value of the property.

Frequently asked questions

What is the current guideline value of H Block west 20th Street?

The current guideline value of H Block west 20th 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 several revisions in between, including a decrease and increases in various years.

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

The stamp duty is charged at 7% of the guideline value, and the registration fee is charged at 2%. For a property valued at Rs 1,15,00,000, the total fees would be Rs 10,35,000.

Which Sub Registrar Office handles registrations for H Block west 20th Street?

The AnnaNagar Sub Registrar Office handles registrations for H Block west 20th Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification of H Block west 20th Street?

H Block west 20th Street is classified as Residential Special Type - I, which is important for determining its guideline value and usage.