Guideline Value for J- Block (East)- 3rd Avenue 3631 to 3640 (Chennai 102)

J- Block (East)- 3rd Avenue 3631 to 3640 (Chennai 102) guideline value

The current guideline value for J- Block (East)- 3rd Avenue 3631 to 3640 (Chennai 102) is Rs 14,800 per sq.ft, effective from 1 July 2024. This property is located in Ayanavaram village under the AnnaNagar SRO, classified as Mixed Special Type - I.

How the guideline value of J- Block (East)- 3rd Avenue 3631 to 3640 (Chennai 102) has changed

The guideline value for this street has undergone several revisions over the years. The 2007 revision set the value at Rs 13,500 per sq.ft, which remained unchanged until the 2012 revision, where it again stood at Rs 13,500 per sq.ft. However, in 2017, the value dropped to Rs 9,045 per sq.ft, marking a decrease of 33%. The subsequent revisions saw an increase, with the 2023 revision at Rs 13,500 per sq.ft, followed by a significant rise to Rs 14,800 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2007 revision to the current 2024 figure, there has been an increase of 10%. Notably, there are no figures available for the years 2002 and 2003 for this street in the register.

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 value for these streets is Rs 4,900 per sq.ft, placing the 2024 guideline value for J- Block (East)- 3rd Avenue 3631 to 3640 above this 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)- 3rd Avenue 3631 to 3640 (Chennai 102)

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 1,48,00,000. The stamp duty at 7% would be Rs 10,36,000, and the registration fee at 2% would be Rs 2,96,000, bringing the total to Rs 13,32,000. 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 J- Block (East)- 3rd Avenue 3631 to 3640 (Chennai 102)?

The J- Block (East)- 3rd Avenue 3631 to 3640 (Chennai 102) falls under the jurisdiction of the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near 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 significant role during property registration in Ayanavaram. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing a property. The fees are calculated based on the guideline value or the sale price, whichever is higher.

When selling a property, the guideline value ensures that the transaction is recorded at a fair price set by the government. This helps maintain transparency in property transactions and ensures that appropriate taxes are collected.

Frequently asked questions

What is the current guideline value for J- Block (East)- 3rd Avenue 3631 to 3640 (Chennai 102)?

The current guideline value for J- Block (East)- 3rd Avenue 3631 to 3640 (Chennai 102) is Rs 14,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 13,500 per sq.ft in 2007 to Rs 9,045 per sq.ft in 2017, then back to Rs 13,500 per sq.ft in 2023, and finally to Rs 14,800 per sq.ft in 2024.

What is the land classification for this property?

The land classification for J- Block (East)- 3rd Avenue 3631 to 3640 (Chennai 102) is Mixed Special Type - I.

Which office handles registrations for this property?

The AnnaNagar Sub Registrar Office handles registrations for J- Block (East)- 3rd Avenue 3631 to 3640 (Chennai 102), located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in Ayanavaram?

Stamp duty for properties in Ayanavaram is calculated based on the higher of the guideline value or the sale price. It is typically set at 7% of the guideline value, along with a registration fee of 2%.