Guideline Value for G BLOCK 9TH STREET EXTENSION

G Block 9th Street Extension guideline value

The current guideline value of G Block 9th Street Extension in Ayanavaram village is Rs 20,000 per sq.ft, effective from 1 July 2024. This property falls under the AnnaNagar SRO and is classified as Mixed Special Type - III.

How the guideline value of G Block 9th Street Extension has changed

The guideline value for G Block 9th Street Extension has seen significant changes over the years. The earliest recorded revision was in 2017, where the value was Rs 12,222 per sq.ft. This figure increased to Rs 18,242 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 raised the guideline value to Rs 20,000 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,700 to Rs 20,000 per sq.ft as of 2024. The median guideline value in this village is Rs 4,900 per sq.ft, placing G Block 9th Street Extension above this median.

• G Block 1st Avenue: Rs 20,000 per sq.ft (2024)
• Gel. Coacher Street, Chennai 82: Rs 2,700 per sq.ft (2024)
• G.K.M. Colony, Chennai 82 & Streets: Rs 2,700 per sq.ft (2024)
• Gnanammal Garden: Rs 4,400 per sq.ft (2024)
• Gopal Pillai Nagar: Rs 4,400 per sq.ft (2024)
• Gandhi Nagar (Slum Board Allotment Only): Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in G Block 9th Street Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 20,000 per sq.ft, the total guideline value amounts to Rs 2,00,00,000. The stamp duty at 7% would be Rs 14,00,000, and the registration fee at 2% would be Rs 4,00,000, bringing the total fees to Rs 18,00,000. It is important to note that the 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 information on fees applicable to your property transaction.

Which Sub Registrar Office covers G Block 9th Street Extension?

The Sub Registrar Office that covers G Block 9th Street Extension is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). For more details, you can find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Ayanavaram. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that these charges are calculated based on the official valuation rather than the negotiated sale price.

Frequently asked questions

What is the current guideline value for G Block 9th Street Extension?

The current guideline value for G Block 9th Street Extension is Rs 20,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 12,222 per sq.ft in 2017 to Rs 18,242 per sq.ft in 2023, and then to Rs 20,000 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What is the land classification for G Block 9th Street Extension?

The land classification for G Block 9th Street Extension is Mixed Special Type - III.

Where can I find the Sub Registrar Office for G Block 9th Street Extension?

The Sub Registrar Office for G Block 9th Street Extension is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in Ayanavaram?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 2,00,00,000 would incur a stamp duty of Rs 14,00,000 at the rate of 7%.