Guideline Value for H Block west 6th Street

H Block west 6th Street guideline value

The current guideline value of H Block west 6th 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 6th Street has changed

The guideline value of H Block west 6th Street has undergone 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 saw a significant decrease to Rs 7,035 per sq.ft in 2017. The value then rebounded to Rs 10,500 per sq.ft in 2023, and the most recent revision in 2024 set it at Rs 11,500 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. The change from 2012 to 2017 was a decrease of 33%, while the increase from 2007 to 2012 was 5%. Overall, from 2007 to 2024, the guideline value has risen by 15%. The register has no figures for the years 2002 and 2003 for this street.

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 guideline value is Rs 11,500 per sq.ft, which is equal to the current value of H Block west 6th Street.

• H Block west 5th Street: Rs 11,500 per sq.ft (2024)
• H Block west 7th Street: Rs 11,500 per sq.ft (2024)
• H Block west 4th Street: Rs 11,500 per sq.ft (2024)
• H Block west 8th Street: Rs 11,500 per sq.ft (2024)
• H Block west 3rd Street: Rs 11,500 per sq.ft (2024)
• H Block west 9th Street: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in H Block west 6th 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, and the registration fee at 2% would be Rs 2,30,000, bringing the total fees to 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 also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers H Block west 6th Street?

The Sub Registrar Office that covers H Block west 6th Street is 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 crucial factor in property transactions within Thirumangalam. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with local regulations.

At the time of registration, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial obligations involved in the transaction, based on the established guideline value.

Frequently asked questions

What is the current guideline value of H Block west 6th Street?

The current guideline value of H Block west 6th 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 significantly 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 decrease in 2017.

What is the land classification of H Block west 6th Street?

H Block west 6th Street is classified as Residential Special Type - I under the local regulations.

Where can I find the registration office for H Block west 6th Street?

The registration office for H Block west 6th Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is 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. It is important to factor in both the guideline value and any negotiated sale price when determining the final stamp duty amount.