Guideline Value for TNHB 360 HIG Flats Block 443 to 467

TNHB 360 HIG Flats Block 443 to 467 guideline value

The current guideline value for TNHB 360 HIG Flats Block 443 to 467 is Rs 12,100 per sq.ft, effective from 1 July 2024. This property is located in Naduvakkarai village under the AnnaNagar SRO and falls under the Residential Class I Type - I land classification.

How the guideline value of TNHB 360 HIG Flats Block 443 to 467 has changed

The guideline value for TNHB 360 HIG Flats has seen several revisions over the years. In 2007, the value was Rs 11,000 per sq.ft, which remained unchanged until the 2012 revision, where it was again Rs 11,000 per sq.ft. However, in 2017, the value decreased to Rs 7,370 per sq.ft. This was a significant drop of 33%. The value then increased to Rs 11,000 per sq.ft in 2023, marking a 49% rise from the 2017 figure. The most recent revision in 2024 saw another increase to Rs 12,100 per sq.ft, which is a 10% rise from 2023.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 10%.

Guideline values in Naduvakkarai

Naduvakkarai has a total of 148 streets under the AnnaNagar SRO, with the 2024 guideline values ranging from Rs 3,300 to Rs 15,900 per sq.ft. The median value for these streets is Rs 11,500 per sq.ft, placing the TNHB 360 HIG Flats Block 443 to 467 above this median.

• Thiru-Vika- Street: Rs 5,400 per sq.ft (2024)
• Thiru Veedhi Amman Koil Street: Rs 5,400 per sq.ft (2024)
• Vallaba vinayagar Street (Sabari Nagar): Rs 5,400 per sq.ft (2024)
• T.A.S. Chellaiah Road: Rs 12,100 per sq.ft (2024)
• Suseela Chelliah Road: Rs 12,100 per sq.ft (2024)
• W Block 2nd Avenue: Rs 15,900 per sq.ft (2024)

Stamp duty and registration fee for property in TNHB 360 HIG Flats Block 443 to 467

For a 1,000 sq.ft plot at the current guideline value of Rs 12,100 per sq.ft, the total guideline value would be Rs 1,21,00,000. The stamp duty at 7% would amount to Rs 8,47,000, and the registration fee at 2% would be Rs 2,42,000, totaling Rs 10,89,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers TNHB 360 HIG Flats Block 443 to 467?

The TNHB 360 HIG Flats Block 443 to 467 is covered by the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Naduvakkarai. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency and consistency in property dealings.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial implications of their transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value for TNHB 360 HIG Flats Block 443 to 467?

The current guideline value for TNHB 360 HIG Flats Block 443 to 467 is Rs 12,100 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 7,370 per sq.ft in 2017, then increased to Rs 11,000 per sq.ft in 2023, and finally to Rs 12,100 per sq.ft in 2024.

What is the stamp duty for properties in TNHB 360 HIG Flats Block 443 to 467?

The stamp duty for properties in TNHB 360 HIG Flats Block 443 to 467 is 7% of the guideline value or the sale price, whichever is higher.

Which office handles registrations for TNHB 360 HIG Flats Block 443 to 467?

The AnnaNagar Sub Registrar Office handles registrations for TNHB 360 HIG Flats Block 443 to 467, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the median guideline value for streets in Naduvakkarai?

The median guideline value for streets in Naduvakkarai is Rs 11,500 per sq.ft, with the TNHB 360 HIG Flats Block 443 to 467 value being above this median.