Guideline Value for H BLOCK 16TH MAIN ROAD

H Block 16th Main Road guideline value

The current guideline value of H Block 16th 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, and it falls under the land classification of Mixed Type - I.

How the guideline value of H Block 16th Main Road has changed

Over the years, the guideline value of H Block 16th Main Road has seen significant revisions. The earliest recorded figure is from the 2017 revision, which was Rs 8,040 per sq.ft. This figure increased to Rs 12,000 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has set the guideline value at Rs 13,100 per sq.ft, reflecting a 9% increase from the previous year.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 63%.

Guideline values in Koyakbedu

Koyakbedu 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 16th Main Road is above this median.

• H Block 15th Main Road: Rs 13,100 per sq.ft (2024)
• H Block 13th 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 16th 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers H Block 16th Main Road?

The H Block 16th Main Road is covered by 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 Koyakbedu

The guideline value plays a crucial role in the registration process of 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 appropriate revenue in the form of stamp duty and registration fees.

When buying or selling property, both parties must consider the guideline value as it impacts the overall cost of the transaction. The higher of the guideline value or the sale price will be used to calculate the applicable duties and fees, making it essential for buyers and sellers to be aware of these figures.

Frequently asked questions

What is the current guideline value of H Block 16th Main Road?

The current guideline value of H Block 16th 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 13,100 per sq.ft in 2024, marking an overall increase of 63% during this period.

What is the stamp duty rate for property transactions in Koyakbedu?

The stamp duty rate for property transactions in Koyakbedu is 7% of the guideline value or the sale price, whichever is higher.

What are the registration fees for properties in H Block 16th Main Road?

The registration fee for properties in H Block 16th Main Road is 2% of the guideline value or the sale price, whichever is higher.

Where can I find more information about the Sub Registrar Office?

You can find more information about the Sub Registrar Office covering H Block 16th Main Road at the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037. For further details, you can find your SRO.