Guideline Value for J- Block, 15th Main Road 1579, 1579A, 1580 to 1584, 1911, 1918, 1979 to 1981, 2000, West, Chennai 40

J- Block, 15th Main Road 1579, 1579A, 1580 to 1584, 1911, 1918, 1979 to 1981, 2000, West, Chennai 40 guideline value

The current guideline value for J- Block, 15th Main Road 1579, 1579A, 1580 to 1584, 1911, 1918, 1979 to 1981, 2000, West, Chennai 40 is Rs 13,200 per sq.ft, effective from 1 July 2024. This property is located in Thirumangalam village and falls under the AnnaNagar SRO with a land classification of Mixed Type - II.

How the guideline value of J- Block, 15th Main Road 1579, 1579A, 1580 to 1584, 1911, 1918, 1979 to 1981, 2000, West, Chennai 40 has changed

The guideline value for this street has undergone several revisions over the years. In 2007, the value was Rs 11,000 per sq.ft, which increased to Rs 12,000 per sq.ft in 2012. However, it then decreased to Rs 8,040 per sq.ft in 2017. Following that, the value rose significantly to Rs 12,000 per sq.ft in 2023, and most recently, it has increased to Rs 13,200 per sq.ft in the 2024 revision.

Between the revisions, the changes are notable. From 2017 to 2023, there was a 49% increase, while from 2012 to 2017, the value decreased by 33%. The increase from 2023 to 2024 is 10%. Overall, from 2007 to 2024, the guideline value has increased by 20%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Thirumangalam

In Thirumangalam, there are 149 streets under the AnnaNagar SRO with 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, placing J- Block, 15th Main Road above this median at Rs 13,200 per sq.ft.

• J- Block (West)-2nd Avenue 1961A Thirumani Amman Koil: Rs 15,900 per sq.ft (2024)
• I.O.B. Staff College: Rs 11,500 per sq.ft (2024)
• H Block west 9th Street: Rs 11,500 per sq.ft (2024)
• 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)

Stamp duty and registration fee for property in J- Block, 15th Main Road 1579, 1579A, 1580 to 1584, 1911, 1918, 1979 to 1981, 2000, West, Chennai 40

For a 1,000 sq.ft plot at the current guideline value of Rs 13,200 per sq.ft, the total guideline value would be Rs 1,32,00,000. The stamp duty at 7% would amount to Rs 9,24,000, and the registration fee at 2% would be Rs 2,64,000, totaling Rs 11,88,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers J- Block, 15th Main Road 1579, 1579A, 1580 to 1584, 1911, 1918, 1979 to 1981, 2000, West, Chennai 40?

The Sub Registrar Office that covers this area is 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 Thirumangalam

The guideline value is a crucial factor during the registration of property transactions in Thirumangalam. It determines 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, the guideline value serves as a reference point for both buyers and sellers. It is important to note that the stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value for J- Block, 15th Main Road?

The current guideline value for J- Block, 15th Main Road 1579, 1579A, 1580 to 1584, 1911, 1918, 1979 to 1981, 2000, West, Chennai 40 is Rs 13,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 11,000 per sq.ft in 2007 to Rs 13,200 per sq.ft in 2024, with notable increases and decreases in between, including a decrease to Rs 8,040 per sq.ft in 2017.

What are the stamp duty rates for properties in this area?

The stamp duty rate for properties in J- Block is 7% of the guideline value or sale price, whichever is higher. This will affect the total cost when registering a property.

Which Sub Registrar Office should I approach for registration?

The AnnaNagar Sub Registrar Office is responsible for registrations in this area, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What other streets have guideline values in Thirumangalam?

Other streets in Thirumangalam include J- Block (West)-2nd Avenue at Rs 15,900 per sq.ft, I.O.B. Staff College at Rs 11,500 per sq.ft, and several H Block streets, all at Rs 11,500 per sq.ft for 2024.