Guideline Value for Y- Block (West) 1593, 3013, 3065 2907 (Near Natesan Co-operative Training Institute) 13th Main Road

Y- Block (West) 1593, 3013, 3065 2907 (Near Natesan Co-operative Training Institute) 13th Main Road guideline value

The current guideline value for Y- Block (West) 1593, 3013, 3065 2907 (Near Natesan Co-operative Training Institute) 13th Main Road is Rs 13,200 per sq.ft, effective from 1 July 2024. This property is located in Thirumangalam village, under the AnnaNagar SRO, and is classified as Mixed Type - II land.

How the guideline value of Y- Block (West) 1593, 3013, 3065 2907 (Near Natesan Co-operative Training Institute) 13th Main Road has changed

The guideline value for this property has seen 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, marking a 9% rise. However, it then decreased to Rs 8,040 per sq.ft in 2017, reflecting a 33% drop. The value rebounded significantly to Rs 12,000 per sq.ft in 2023, representing a 49% increase. The most recent revision in 2024 set the guideline value at Rs 13,200 per sq.ft, a 10% increase from the previous year.

It is important to note that there are no figures available for this street in the revisions for 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 20%.

Guideline values in Thirumangalam

In Thirumangalam, there are 149 streets under the AnnaNagar SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 15,900 per sq.ft, with a median value of Rs 11,500 per sq.ft. The guideline value for Y- Block (West) 1593, 3013, 3065 2907 is above this median.

• 2nd Avenue: Rs 15,900 per sq.ft (2024)
• 7 th Avenue, 100 feet Road: Rs 13,200 per sq.ft (2024)
• 7th Avenue, Ambedkar Statute to old Thirumangalam, End Point Facing East West and West East Both sides coovam River Area near Bridge: Rs 13,200 per sq.ft (2024)
• 7th Avenue Appolo Flats: Rs 13,200 per sq.ft (2024)
• 7th Avenue Bharathi Colony: Rs 13,200 per sq.ft (2024)
• 7th Avenue , “L” West Appolo Flats: Rs 13,200 per sq.ft (2024)

Stamp duty and registration fee for property in Y- Block (West) 1593, 3013, 3065 2907 (Near Natesan Co-operative Training Institute) 13th Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 13,200 per sq.ft, the total guideline value amounts to Rs 1,32,00,000. The stamp duty at 7% would be Rs 9,24,000, and the registration fee at 2% would be Rs 2,64,000, bringing the total fees to Rs 11,88,000. 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 Y- Block (West) 1593, 3013, 3065 2907 (Near Natesan Co-operative Training Institute) 13th Main Road?

The Sub Registrar Office that covers this property 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 details.

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

The guideline value plays a crucial role in the registration process of property transactions in Thirumangalam. When a property is bought or sold, the guideline value is used as a basis for calculating the stamp duty and registration fees. This ensures that the fees are proportionate to the value of the property being transacted.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly affects the costs associated with property registration. The registration department uses this value to determine the applicable fees, which must be paid at the time of registration.

Frequently asked questions

What is the current guideline value for Y- Block (West) 1593, 3013, 3065 2907?

The current guideline value for Y- Block (West) 1593, 3013, 3065 2907 (Near Natesan Co-operative Training Institute) 13th Main Road 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 several times, starting from Rs 11,000 per sq.ft in 2007, increasing to Rs 12,000 in 2012, then dropping to Rs 8,040 in 2017, rising again to Rs 12,000 in 2023, and finally reaching Rs 13,200 in 2024.

What is the land classification for this property?

The land classification for Y- Block (West) 1593, 3013, 3065 2907 is Mixed Type - II, which indicates the type of development permissible on the land.

What are the stamp duty and registration fees for this property?

The stamp duty for a property valued at Rs 1,32,00,000 would be Rs 9,24,000, and the registration fee would be Rs 2,64,000, totaling Rs 11,88,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for this property?

The Sub Registrar Office for Y- Block (West) 1593, 3013, 3065 2907 is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037. This office handles the registration of properties in the area.