Guideline Value for H Block west 7th Street

H Block west 7th Street guideline value

The current guideline value of H Block west 7th Street in Thirumangalam village is Rs 11,500 per sq.ft, effective from 1 July 2024. This property falls under the AnnaNagar Sub Registrar Office (SRO) and is classified as Residential Special Type - I.

How the guideline value of H Block west 7th Street has changed

The guideline value for H Block west 7th 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, marking a decline of 33%. The value then rose significantly to Rs 10,500 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 11,500 per sq.ft, reflecting a 10% increase from the previous year.

Notably, there are no figures available for the years 2002 and 2003 in the register for H Block west 7th Street. Overall, from 2007 to 2024, the guideline value has increased by 15%.

Guideline values in Thirumangalam

In Thirumangalam, there are 149 streets under the AnnaNagar SRO that have 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 the same as the guideline value for H Block west 7th Street.

• H Block west 6th Street: Rs 11,500 per sq.ft (2024)
• H Block west 8th Street: Rs 11,500 per sq.ft (2024)
• H Block west 5th Street: Rs 11,500 per sq.ft (2024)
• H Block west 9th Street: Rs 11,500 per sq.ft (2024)
• H Block west 4th Street: Rs 11,500 per sq.ft (2024)
• H Block west 3rd Street: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in H Block west 7th 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%, resulting in Rs 8,05,000, and the registration fee at 2% amounts to Rs 2,30,000. Therefore, the total cost for stamp duty and registration fee together is 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.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers H Block west 7th Street?

The H Block west 7th Street is covered by 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 is a crucial factor when registering property transactions in Thirumangalam. It serves as a baseline for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property sales.

When a buyer or seller agrees on a sale price, the stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price. This process helps maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of H Block west 7th Street?

The current guideline value of H Block west 7th 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 drop in 2017.

What is the land classification for H Block west 7th Street?

H Block west 7th Street is classified as Residential Special Type - I under the AnnaNagar SRO.

What are the stamp duty and registration fees for property in H Block west 7th Street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 10,35,000.

Where is the AnnaNagar Sub Registrar Office located?

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