Guideline Value for J- Block (East)-6th Avenue 3548 To 3559.3631 East,(Chennai 102)

J- Block (East)-6th Avenue 3548 to 3559.3631 East,(Chennai 102) guideline value

The current guideline value for J- Block (East)-6th Avenue 3548 to 3559.3631 East, Chennai 102 is Rs 14,800 per sq.ft, effective from 1 July 2024. This area is located in Ayanavaram village and falls under the AnnaNagar SRO. The land classification for this street is Mixed Special Type - I.

How the guideline value of J- Block (East)-6th Avenue 3548 to 3559.3631 East,(Chennai 102) has changed

The guideline value for this street has seen several revisions over the years. In 2012, the value was Rs 13,500 per sq.ft, which then decreased to Rs 9,045 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 13,500 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 set the value at Rs 14,800 per sq.ft, showing a 10% increase from the previous year.

For the years 2007 and 2012, the guideline value was Rs 11,000 per sq.ft and Rs 13,500 per sq.ft, respectively. The overall change from 2007 to 2024 is an increase of 35%. It is important to note that the register has no figures for the years 2002 and 2003 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. The median value for these streets is Rs 4,900 per sq.ft, placing J- Block (East)-6th Avenue above this median in 2024.

• J- Block, (East)6th Street: Rs 11,000 per sq.ft (2024)
• J- Block, (East)2nd 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)-6th Avenue 3548 to 3559.3631 East,(Chennai 102)

For a 1,000 sq.ft plot at the current guideline value of Rs 14,800 per sq.ft, the total guideline value would be Rs 1,48,00,000. The stamp duty at 7% would amount to Rs 10,36,000, and the registration fee at 2% would be Rs 2,96,000, totaling Rs 13,32,000. It is important to note that the 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)-6th Avenue 3548 to 3559.3631 East,(Chennai 102)?

The Sub Registrar Office that covers J- Block (East)-6th Avenue is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near Nolambur Eb Office. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Ayanavaram. It serves as the basis for calculating the stamp duty and registration fees when a property is bought or sold. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties. This ensures that the government receives the appropriate fees based on the property's assessed value.

Frequently asked questions

What is the current guideline value for J- Block (East)-6th Avenue?

The current guideline value for J- Block (East)-6th Avenue 3548 to 3559.3631 East, 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 2012 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 area?

The land classification for J- Block (East)-6th Avenue is Mixed Special Type - I.

Where can I find the registration office for this area?

The registration office for J- Block (East)-6th Avenue is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in this area?

The stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 1,48,00,000 would incur a stamp duty of Rs 10,36,000 at 7%.