Guideline Value for H BLOCK 15TH MAIN ROAD

H Block 15th Main Road guideline value

The current guideline value of H Block 15th Main Road is Rs 13,100 per sq.ft, effective from 1 July 2024. This street is located in Koyakbedu village under the AnnaNagar SRO, classified as Mixed Type - I.

How the guideline value of H Block 15th Main Road has changed

The guideline value for H Block 15th Main Road has seen significant changes over the years. In 2017, the value was Rs 8,040 per sq.ft, which increased to Rs 12,000 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 has set the value at Rs 13,100 per sq.ft, reflecting a 9% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 63%. It is important to note that there are no recorded figures for this street in the years 2002, 2003, 2007, and 2012.

Guideline values in Koyakbedu

Koyakbedu village has a total of 270 streets under the AnnaNagar SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 16,500 per sq.ft, with a median value of Rs 4,400 per sq.ft. The guideline value of H Block 15th Main Road is above this median.

• H Block 13th 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 15th 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 information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers H Block 15th Main Road?

The Sub Registrar Office that covers H Block 15th 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 details.

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

The guideline value is an essential factor when registering property transactions in Koyakbedu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, both parties must consider the guideline value to avoid discrepancies during the registration process. The registration office will use this value to calculate the applicable fees, which are crucial for completing the transaction legally.

Frequently asked questions

What is the current guideline value of H Block 15th Main Road?

The current guideline value of H Block 15th Main Road is Rs 13,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed 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 reflects an overall increase of 63% from 2017 to 2024.

What are the other streets with similar guideline values in Koyakbedu?

Other streets in Koyakbedu with the same guideline value of Rs 13,100 per sq.ft in 2024 include H Block 13th Main Road and H Block 16th Main Road.

What is the registration fee for property in H Block 15th Main Road?

The registration fee for property in H Block 15th Main Road is calculated based on the guideline value. For a property valued at Rs 1,31,00,000, the registration fee would be Rs 2,62,000 at a rate of 2%.

Where is the Sub Registrar Office for H Block 15th Main Road located?

The Sub Registrar Office for H Block 15th Main Road is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.