Guideline Value for J- Block, (East)2nd Street

J- Block, (East)2nd Street guideline value

The current guideline value for J- Block, (East)2nd Street is Rs 11,000 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village and falls under the AnnaNagar SRO. The land classification for this area is Mixed Type - I.

How the guideline value of J- Block, (East)2nd Street has changed

The guideline value for J- Block, (East)2nd Street has seen several revisions over the years. The 2007 revision set the value at Rs 10,000 per sq.ft, which remained unchanged in the 2012 revision. However, in 2017, the value decreased to Rs 6,700 per sq.ft. This was followed by a significant increase in 2023, where the value rose to Rs 10,000 per sq.ft, and the most recent revision in 2024 set it at Rs 11,000 per sq.ft, marking a 10% increase from the previous year.

Between 2017 and 2023, there was a substantial increase of 49%. The overall change from the 2007 revision to the 2024 revision is an increase of 10%. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO, with the 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 J- Block, (East)2nd Street's 2024 value above this median.

• 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)
• Jambulingam Main Road, Chennai 82: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in J- Block, (East)2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 11,000 per sq.ft, the total guideline value amounts to Rs 1,10,00,000. The stamp duty at 7% would be Rs 7,70,000, and the registration fee at 2% would be Rs 2,20,000, bringing the total fees to Rs 9,90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers J- Block, (East)2nd Street?

The Sub Registrar Office that covers J- Block, (East)2nd Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). For more information, 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 in property transactions in Ayanavaram. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

When selling property, the guideline value is also important as it sets a benchmark for pricing. Sellers often consider the guideline value to ensure they are pricing their property competitively while complying with legal requirements during the registration process.

Frequently asked questions

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

The current guideline value for J- Block, (East)2nd Street is Rs 11,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 10,000 per sq.ft in 2007 to Rs 6,700 per sq.ft in 2017, then increased to Rs 10,000 per sq.ft in 2023, and finally to Rs 11,000 per sq.ft in 2024.

What is the land classification for J- Block, (East)2nd Street?

The land classification for J- Block, (East)2nd Street is Mixed Type - I.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 1,10,00,000, the stamp duty would be Rs 7,70,000 and the registration fee would be Rs 2,20,000, totaling Rs 9,90,000.

Where is the Sub Registrar Office for J- Block, (East)2nd Street located?

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