Guideline Value for J- Block (East)- 2nd Main Road, 3518, 3519, 3547,3548,3497,3498

J- Block (East)- 2nd Main Road, 3518, 3519, 3547,3548,3497,3498 guideline value

The current guideline value for J- Block (East)- 2nd Main Road, 3518, 3519, 3547,3548,3497,3498 is Rs 12,100 per sq.ft, effective from 1 July 2024. This property is located in Ayanavaram village under the AnnaNagar SRO, and it falls under the Mixed Special Type - II land classification.

How the guideline value of J- Block (East)- 2nd Main Road, 3518, 3519, 3547,3548,3497,3498 has changed

Over the years, the guideline value for this street has seen several revisions. The 2007 revision set the value at Rs 11,000 per sq.ft, which remained unchanged until the 2012 revision, where it again stood at Rs 11,000 per sq.ft. In 2017, the value was revised to Rs 7,370 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 11,000 per sq.ft. The latest revision in 2024 raised the guideline value to Rs 12,100 per sq.ft, reflecting a 10% increase from the previous year.

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 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. The median guideline value in this area is Rs 4,900 per sq.ft, indicating that J- Block (East)- 2nd Main Road's 2024 guideline value of Rs 12,100 per sq.ft is above the median.

• J- Block, (East)2nd Street: Rs 11,000 per sq.ft (2024)
• J- Block, (East)6th Street: Rs 11,000 per sq.ft (2024)
• J- Block, (East)7th Street: Rs 11,000 per sq.ft (2024)
• Jawahar Nagar Ist cross Street, Chennai 82: Rs 5,500 per sq.ft (2024)
• Jawahar Nagar, Chennai 82: Rs 5,500 per sq.ft (2024)
• Jawahar Nagar 2nd cross Street, Chennai 82: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in J- Block (East)- 2nd Main Road, 3518, 3519, 3547,3548,3497,3498

For a 1,000 sq.ft plot at the current rate of Rs 12,100 per sq.ft, the guideline value would be Rs 1,21,00,000. The stamp duty at 7% would be Rs 8,47,000, and the registration fee at 2% would be Rs 2,42,000, totaling Rs 10,89,000. 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 (East)- 2nd Main Road, 3518, 3519, 3547,3548,3497,3498?

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 Ayanavaram

The guideline value plays a crucial role during property registration in Ayanavaram. It is the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions. Buyers and sellers must consider this value when negotiating sale prices, as the stamp duty and registration fees are calculated based on the guideline value or the actual sale price, whichever is higher.

When purchasing property, it is essential to be aware of the guideline value to avoid any discrepancies during registration. This value is updated periodically, reflecting changes in the real estate market and local conditions, which can affect the overall transaction process.

Frequently asked questions

What is the current guideline value for J- Block (East)- 2nd Main Road?

The current guideline value for J- Block (East)- 2nd Main Road, 3518, 3519, 3547,3548,3497,3498 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 12,100 per sq.ft in 2024, with notable revisions in 2017 and 2023.

What is the land classification for this property?

The land classification for J- Block (East)- 2nd Main Road is Mixed Special Type - II.

Where can I find the registration office for this area?

The registration office for this area is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 1,21,00,000, the stamp duty would be Rs 8,47,000 at a rate of 7%.