Guideline Value for H BLOCK 13TH MAIN ROAD

H Block 13th Main Road guideline value

The current guideline value of H Block 13th Main Road is Rs 13,100 per sq.ft, effective from 1 July 2024. This property is located in Koyakbedu village under the AnnaNagar SRO, classified as Mixed Type - I.

How the guideline value of H Block 13th Main Road has changed

The guideline value for H Block 13th Main Road has undergone several revisions over the years. In the 2017 revision, the value was set at Rs 8,040 per sq.ft. This figure increased significantly to Rs 12,000 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 saw another increase of 9%, bringing the current value to Rs 13,100 per sq.ft. It is important to note that the register has no figures for this street for the years 2002, 2003, 2007, and 2012.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 63%. The changes reflect the adjustments made in the property valuation over these years, indicating a steady increase in the guideline value.

Guideline values in Koyakbedu

Koyakbedu has a total of 270 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,200 to Rs 16,500 per sq.ft. The median guideline value in this village is Rs 4,400 per sq.ft, positioning H Block 13th Main Road above that median with its current value of Rs 13,100 per sq.ft.

• H Block 15th Main Road: Rs 13,100 per sq.ft (2024)
• H Block 16th Main Road: Rs 13,100 per sq.ft (2024)
• Harris Street: Rs 3,300 per sq.ft (2024)
• Govind Garden: Rs 3,300 per sq.ft (2024)
• Jagadhambal Colony: Rs 3,300 per sq.ft (2024)
• Jaggammal Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in H Block 13th Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 13,100 per sq.ft, the total guideline value amounts to Rs 1,31,00,000. The stamp duty at 7% would be Rs 9,17,000, and the registration fee at 2% would be Rs 2,62,000, bringing the total fees to Rs 11,79,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers H Block 13th Main Road?

The Sub Registrar Office that covers H Block 13th Main Road 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 Koyakbedu

When buying or selling property in Koyakbedu, the guideline value plays a crucial role in determining the registration fees and stamp duty. The guideline value is used as a benchmark to calculate these fees, ensuring that they are based on the official valuation of the property.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the total costs involved in the transaction. Accurate knowledge of the guideline value helps in making informed decisions during the property registration process.

Frequently asked questions

What is the current guideline value of H Block 13th Main Road?

The current guideline value of H Block 13th Main Road is Rs 13,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 8,040 per sq.ft in 2017 to Rs 12,000 per sq.ft in 2023, and then to Rs 13,100 per sq.ft in 2024. This represents a total increase of 63% from 2017 to 2024.

What is the land classification of H Block 13th Main Road?

The land classification for H Block 13th Main Road is Mixed Type - I, indicating a diverse use of land in this area.

What are the registration fees for property in H Block 13th Main Road?

The registration fees for property in H Block 13th Main Road depend on the guideline value. For example, a 1,000 sq.ft plot would incur a total fee of Rs 11,79,000, which includes stamp duty and registration fees.

Which office handles the registration for H Block 13th Main Road?

The AnnaNagar Sub Registrar Office handles the registration for H Block 13th Main Road, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.