Guideline Value for H Block west 2nd Street

H Block west 2nd Street guideline value

The current guideline value of H Block west 2nd Street is Rs 11,500 per sq.ft, effective from 1 July 2024. This street is located in Thirumangalam village under the AnnaNagar SRO, classified as Residential Special Type - I.

How the guideline value of H Block west 2nd Street has changed

The guideline value for H Block west 2nd 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 decreased to Rs 7,035 per sq.ft in 2017. From 2017, the value rose significantly to Rs 10,500 per sq.ft in 2023, and then further increased to the current value of Rs 11,500 per sq.ft in 2024.

Notably, the changes between revisions include a 5% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, a 49% increase from 2017 to 2023, and a 10% increase from 2023 to 2024. The register has no figures for this street in 2002 and 2003.

Guideline values in Thirumangalam

In Thirumangalam, there are 149 streets under the AnnaNagar SRO, with guideline values ranging from Rs 3,300 to Rs 15,900 per sq.ft. The median value is Rs 11,500 per sq.ft, which is equal to the current guideline value of H Block west 2nd Street.

• H Block west 23rd Street & 24 Street: Rs 11,500 per sq.ft (2024)
• H Block west 3rd Street: Rs 11,500 per sq.ft (2024)
• H Block west 22nd Street: Rs 11,500 per sq.ft (2024)
• H Block west 4th Street: Rs 11,500 per sq.ft (2024)
• H Block west 21st Street: Rs 11,500 per sq.ft (2024)
• H Block west 5th Street: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in H Block west 2nd 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, charged 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 guideline value or the sale price, whichever is higher.

You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers H Block west 2nd Street?

The H Block west 2nd Street falls under the jurisdiction of 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 during property registration in Thirumangalam. It serves as a reference point for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with the registration requirements.

When a property is sold, the guideline value helps in calculating the taxes owed during the registration process. It is essential to refer to the latest guideline values to avoid any discrepancies during property transactions.

Frequently asked questions

What is the current guideline value of H Block west 2nd Street?

The current guideline value of H Block west 2nd 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 significant increase of 49% from 2017 to 2023.

What is the land classification for H Block west 2nd Street?

The land classification for H Block west 2nd Street is Residential Special Type - I, indicating its designated use within the local planning framework.

Where can I find the AnnaNagar Sub Registrar Office?

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

How is stamp duty calculated for properties in Thirumangalam?

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