Guideline Value for J- Block, (East)6th Street

J- Block, (East)6th Street guideline value

The current guideline value of J- Block, (East)6th 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)6th Street has changed

Over the years, the guideline value of J- Block, (East)6th Street has seen several revisions. The earliest recorded value is from 2007, which was Rs 10,000 per sq.ft. This remained unchanged until the 2012 revision, which also recorded Rs 10,000 per sq.ft. However, in 2017, the value dropped to Rs 6,700 per sq.ft, marking a decrease of 33%. The subsequent revision in 2023 increased the value significantly to Rs 10,000 per sq.ft, and in the latest 2024 revision, it rose again to Rs 11,000 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the guideline value register has no figures for the years 2002 and 2003 for this street. The overall change from the 2007 revision to the 2024 revision is an increase of 10%.

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 guideline value in this area is Rs 4,900 per sq.ft, positioning J- Block, (East)6th Street above this median.

• J- Block, (East)7th Street: Rs 11,000 per sq.ft (2024)
• J- Block, (East)2nd 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)
• Kamaraj nagar: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in J- Block, (East)6th 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, totaling 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.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers J- Block, (East)6th Street?

The Sub Registrar Office that covers J- Block, (East)6th Street 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 when registering property transactions in Ayanavaram. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial implications of their transactions, based on the established guideline values.

Frequently asked questions

What is the current guideline value of J- Block, (East)6th Street?

The current guideline value of J- Block, (East)6th 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 11,000 per sq.ft in 2024, with various revisions affecting the value along the way.

What is the median guideline value in Ayanavaram?

The median guideline value in Ayanavaram is Rs 4,900 per sq.ft, with J- Block, (East)6th Street's value being above this median.

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 is Rs 7,70,000 and the registration fee is Rs 2,20,000, totaling Rs 9,90,000.

Where can I find the Sub Registrar Office for this street?

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