Guideline Value for H Block west 4th Street

H Block west 4th Street guideline value

The current guideline value of H Block west 4th 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 4th Street has changed

The guideline value for H Block west 4th Street has undergone several revisions over the years. In 2007, the value was set at Rs 10,000 per sq.ft. This increased to Rs 10,500 per sq.ft in 2012, but then decreased to Rs 7,035 per sq.ft in 2017. Following this, the value rose significantly to Rs 10,500 per sq.ft in 2023, and further increased by 10% to the current value of Rs 11,500 per sq.ft in 2024.

Between the revisions, there were notable changes. The increase from 2017 to 2023 was 49%, while the decrease from 2012 to 2017 was 33%. The change from 2007 to 2012 was a modest increase of 5%. Overall, from 2007 to 2024, the guideline value has increased by 15%. The register has no figures for this street in 2002 and 2003.

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. The median value is Rs 11,500 per sq.ft, which is equal to the guideline value of H Block west 4th Street.

• H Block west 3rd Street: Rs 11,500 per sq.ft (2024)
• H Block west 5th Street: Rs 11,500 per sq.ft (2024)
• H Block west 2nd Street: Rs 11,500 per sq.ft (2024)
• H Block west 6th 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 7th Street: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in H Block west 4th 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, while 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 higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers H Block west 4th Street?

The H Block west 4th 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 information.

How the guideline value is used when you buy or sell in Thirumangalam

The guideline value is a critical factor when registering property transactions in Thirumangalam. It serves as a reference point for determining the stamp duty and registration fees that must be paid during the transaction process.

When a property is bought or sold, the guideline value is compared with the sale price. The higher of the two figures is used to calculate the applicable duties and fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of H Block west 4th Street?

The current guideline value of H Block west 4th 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 an overall increase of 15% over the years.

What is the land classification for H Block west 4th Street?

H Block west 4th Street is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the registration office for properties in this area?

The registration office for H Block west 4th Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in Thirumangalam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if a property has a guideline value of Rs 1,15,00,000, the stamp duty would be calculated on this amount if it is higher than the sale price.