Guideline Value for T.B. Hospital

T.B. Hospital guideline value

The current guideline value for T.B. Hospital in Ayanavaram village under the AnnaNagar SRO is Rs 3,300 per sq.ft, effective from 1 July 2024. This property falls under the Residential Class II Type - II land classification.

How the guideline value of T.B. Hospital has changed

The guideline value for T.B. Hospital has seen several revisions over the years. The earliest recorded figure is from 2007, set at Rs 1,200 per sq.ft. This increased significantly to Rs 3,000 per sq.ft in 2012, marking a 150% rise. However, it then dropped to Rs 2,010 per sq.ft in 2017, a decrease of 33%. The value rose again to Rs 3,000 per sq.ft in 2023, and most recently, it has increased to Rs 3,300 per sq.ft in 2024, reflecting a 10% increase from the previous year.

From 2017 to 2023, the increase was substantial at 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 175%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO, with 2024 guideline values ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, making the T.B. Hospital's 2024 figure below this median.

• Tagore Nagar main Road: Rs 3,300 per sq.ft (2024)
• Tagore Nagar Ist Street: Rs 3,300 per sq.ft (2024)
• Tagore Nagar 3rd Street: Rs 3,300 per sq.ft (2024)
• Tagore Nagar 2nd Street: Rs 3,300 per sq.ft (2024)
• Swaran Singh Street: Rs 4,900 per sq.ft (2024)
• Thalamuthu Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in T.B. Hospital

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, making the total cost for these fees Rs 2,97,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers T.B. Hospital?

The T.B. Hospital is covered by 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 Ayanavaram

The guideline value plays a crucial role when buying or selling property in Ayanavaram. It serves as a benchmark for determining the minimum value of a property for registration purposes, ensuring that the property is not undervalued during the transaction.

When a property is registered, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for T.B. Hospital?

The current guideline value for T.B. Hospital is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 175% over the years.

What is the land classification for T.B. Hospital?

T.B. Hospital falls under the Residential Class II Type - II land classification.

What are the stamp duty and registration fees for a property in T.B. Hospital?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which Sub Registrar Office covers T.B. Hospital?

The AnnaNagar Sub Registrar Office covers T.B. Hospital, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.