Guideline Value for H Block west 3rd Street

H Block west 3rd Street guideline value

The current guideline value of H Block west 3rd 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 3rd Street has changed

Over the years, the guideline value of H Block west 3rd Street has seen several revisions. The earliest recorded revision was in 2007, with a value of Rs 10,000 per sq.ft. This figure increased to Rs 10,500 per sq.ft in 2012, but then decreased to Rs 7,035 per sq.ft in 2017. The value rose significantly to Rs 10,500 per sq.ft in 2023 and has now reached Rs 11,500 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

There are no recorded figures for the years 2002 and 2003 for H Block west 3rd Street. Overall, from 2007 to 2024, the guideline value has increased by 15%.

Guideline values in Thirumangalam

In Thirumangalam village, 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, with a median value of Rs 11,500 per sq.ft. H Block west 3rd Street's 2024 figure aligns perfectly with this median.

• H Block west 2nd Street: Rs 11,500 per sq.ft (2024)
• H Block west 4th Street: Rs 11,500 per sq.ft (2024)
• H Block west 23rd Street & 24 Street: Rs 11,500 per sq.ft (2024)
• H Block west 5th Street: Rs 11,500 per sq.ft (2024)
• H Block west 22nd Street: Rs 11,500 per sq.ft (2024)
• H Block west 6th Street: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in H Block west 3rd 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, while the registration fee at 2% would be Rs 2,30,000, totaling 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 accurate calculations.

Which Sub Registrar Office covers H Block west 3rd Street?

The H Block west 3rd Street falls under the jurisdiction of the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By 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 property transactions in Thirumangalam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that need to be paid at the time of registration.

It is essential to be aware that the guideline value may differ from the actual sale price. Buyers should ensure that the sale price is not lower than the guideline value to avoid issues during registration.

Frequently asked questions

What is the current guideline value of H Block west 3rd Street?

The current guideline value of H Block west 3rd 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 from Rs 7,035 per sq.ft in 2017 to Rs 10,500 per sq.ft in 2023.

What is the land classification of H Block west 3rd Street?

H Block west 3rd Street is classified as Residential Special Type - I under the AnnaNagar SRO.

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 the stamp duty calculated for properties in H Block west 3rd Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total guideline value is Rs 1,15,00,000, leading to a stamp duty of Rs 8,05,000.