Guideline Value for J- Block, (East)7th Street

J- Block, (East)7th Street guideline value

The current guideline value of J- Block, (East)7th Street is Rs 11,000 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village under the AnnaNagar SRO, and it is classified as Mixed Type - I land.

How the guideline value of J- Block, (East)7th Street has changed

The guideline value for J- Block, (East)7th Street has undergone several revisions over the years. In 2007, the value was Rs 10,000 per sq.ft, which remained unchanged until the 2012 revision, where it also stood at Rs 10,000 per sq.ft. However, in 2017, the value decreased to Rs 6,700 per sq.ft, marking a significant drop of 33%. The following revision in 2023 saw a substantial increase to Rs 10,000 per sq.ft, and the most recent revision in 2024 has set the guideline value at Rs 11,000 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 10%.

Guideline values in Ayanavaram

Ayanavaram village 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 as of 2024. The median guideline value for these streets is Rs 4,900 per sq.ft, and J- Block, (East)7th Street's current value is above this median.

• J- Block, (East)6th 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)
• Kamaraj nagar: Rs 3,300 per sq.ft (2024)
• Kamaraj Street (Block no 11): Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in J- Block, (East)7th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 11,000 per sq.ft, the total guideline value would be Rs 1,10,00,000. The stamp duty at 7% would amount to Rs 7,70,000, and the registration fee at 2% would be Rs 2,20,000, bringing the total to Rs 9,90,000. 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 detailed calculations.

Which Sub Registrar Office covers J- Block, (East)7th Street?

The Sub Registrar Office that covers J- Block, (East)7th Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the 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 the registration process when buying or selling property in Ayanavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate revenue from stamp duties and registration fees.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable stamp duty and registration fees. This ensures that the transaction is recorded accurately and fairly in accordance with the prevailing regulations.

Frequently asked questions

What is the current guideline value of J- Block, (East)7th Street?

The current guideline value of J- Block, (East)7th 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 notable fluctuations in between, including a decrease to Rs 6,700 per sq.ft in 2017.

What is the median guideline value in Ayanavaram?

The median guideline value for streets in Ayanavaram is Rs 4,900 per sq.ft, which is lower than the current value of J- Block, (East)7th Street.

What are the stamp duty and registration fees for property in J- Block, (East)7th Street?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 1,10,00,000, the total fees would be Rs 9,90,000.

Where is the Sub Registrar Office for J- Block, (East)7th Street located?

The Sub Registrar Office for J- Block, (East)7th Street is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.