Guideline Value for H Block west 9th Street

H Block west 9th Street guideline value

The current guideline value of H Block west 9th 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 9th Street has changed

The guideline value for H Block west 9th Street has undergone several revisions over the years. The 2007 revision set the value at Rs 10,000 per sq.ft, which increased to Rs 10,500 per sq.ft in 2012. However, in the 2017 revision, the value saw a significant drop to Rs 7,035 per sq.ft, reflecting a decrease of 33%. The 2023 revision brought the value back up to Rs 10,500 per sq.ft, before a further increase to Rs 11,500 per sq.ft in the 2024 revision, marking a 10% rise.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has risen by 15%. It is important to note that the register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Thirumangalam

In Thirumangalam, 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 9th Street.

• H Block west 8th Street: Rs 11,500 per sq.ft (2024)
• H Block west 7th Street: Rs 11,500 per sq.ft (2024)
• H Block west 6th Street: Rs 11,500 per sq.ft (2024)
• H Block west 5th 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 9th 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 the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers H Block west 9th Street?

The Sub Registrar Office that covers H Block west 9th Street is 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 plays a crucial role in property transactions in Thirumangalam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with local regulations.

During the registration process, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values.

Frequently asked questions

What is the current guideline value of H Block west 9th Street?

The current guideline value of H Block west 9th 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 notable fluctuations in between, including a drop to Rs 7,035 per sq.ft in 2017.

What is the land classification for H Block west 9th Street?

H Block west 9th Street is classified as Residential Special Type - I.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 1,15,00,000, the stamp duty is Rs 8,05,000 and the registration fee is Rs 2,30,000, totaling Rs 10,35,000.

Which office handles the registration for H Block west 9th Street?

The AnnaNagar Sub Registrar Office handles the registration for H Block west 9th Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.