Guideline Value for J- Block (East)- 4th Main Road, 3488 to 3497 (Chennai 102)

J- Block (East)- 4th Main Road, 3488 to 3497 (Chennai 102) guideline value

The current guideline value for J- Block (East)- 4th Main Road, 3488 to 3497 (Chennai 102) is Rs 12,100 per sq.ft, effective from 1 July 2024. This property is located in Ayanavaram village and falls under the AnnaNagar SRO. The land classification for this area is Mixed Special Type - II.

How the guideline value of J- Block (East)- 4th Main Road, 3488 to 3497 (Chennai 102) has changed

The guideline value for this street has seen several revisions over the years. The 2007 revision set the value at Rs 11,000 per sq.ft, which remained unchanged in the 2012 revision. However, in 2017, the value decreased to Rs 7,370 per sq.ft. This was followed by a significant increase to Rs 11,000 per sq.ft in the 2023 revision, and the latest revision in 2024 raised it further to Rs 12,100 per sq.ft. Notably, the register has no figures for the years 2002 and 2003.

From 2017 to 2023, there was a 49% increase in the guideline value, while the change from 2023 to 2024 reflects a 10% increase. Overall, from 2007 to 2024, the guideline value has increased by 10%.

Guideline values in Ayanavaram

Ayanavaram consists 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 guideline value in this area is Rs 4,900 per sq.ft, placing J- Block (East)- 4th Main Road, 3488 to 3497 (Chennai 102) above that 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)- 4th Main Road, 3488 to 3497 (Chennai 102)

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, while the registration fee at 2% would be Rs 2,42,000. Together, the total cost would be Rs 10,89,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers J- Block (East)- 4th Main Road, 3488 to 3497 (Chennai 102)?

The Sub Registrar Office covering this area is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the 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 is a crucial factor during the registration of property transactions in Ayanavaram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers should be aware that the guideline value is used to calculate these fees, ensuring compliance with local regulations.

When purchasing or selling property, it is essential to consider the guideline value as it can significantly impact the overall costs associated with the transaction. Understanding the guideline value helps in making informed decisions regarding property dealings in the area.

Frequently asked questions

What is the current guideline value for J- Block (East)- 4th Main Road, 3488 to 3497 (Chennai 102)?

The current guideline value for J- Block (East)- 4th Main Road, 3488 to 3497 (Chennai 102) 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 back to Rs 11,000 per sq.ft in 2023, and currently stands at Rs 12,100 per sq.ft in 2024.

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

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 1,21,00,000. The stamp duty would be Rs 8,47,000 and the registration fee would be Rs 2,42,000, totaling Rs 10,89,000.

Which office handles the registration for this area?

The AnnaNagar Sub Registrar Office handles the registration for J- Block (East)- 4th Main Road, 3488 to 3497 (Chennai 102), located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It serves as a benchmark for compliance with local regulations, impacting the overall costs associated with buying or selling property in Ayanavaram.