Guideline Value for K Block 431A. 432 to 442 Sakthi Appartments (HIG Flat)

K Block 431A. 432 to 442 Sakthi Appartments (HIG Flat) guideline value

The current guideline value for K Block 431A. 432 to 442 Sakthi Appartments (HIG Flat) is Rs 14,800 per sq.ft, effective from 1 July 2024. This property is located in Ayanavaram village, under the AnnaNagar SRO, and is classified as Mixed Special Type - I.

How the guideline value of K Block 431A. 432 to 442 Sakthi Appartments (HIG Flat) has changed

The guideline value for this property has seen several revisions over the years. In 2007, the value was Rs 13,500 per sq.ft. This figure remained unchanged until the 2012 revision, which also recorded Rs 13,500 per sq.ft. However, in 2017, the value decreased to Rs 9,045 per sq.ft. Following this, the 2023 revision marked a significant increase to Rs 13,500 per sq.ft, and the latest revision in 2024 has brought the value up to Rs 14,800 per sq.ft, reflecting a 10% increase from the previous year.

From 2017 to 2023, there was a notable rise of 49% in the guideline value. The 2012 to 2017 period saw a decrease of 33%. Overall, from 2007 to 2024, the guideline value has increased by 10%. 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 K Block 431A. 432 to 442 Sakthi Appartments (HIG Flat) above the median for 2024.

• K Block, 1st Main Road, (K Block, Ist Avenue): Rs 14,800 per sq.ft (2024)
• K- Block, (East)13th Street: Rs 11,500 per sq.ft (2024)
• K- Block, (East)14th Street: Rs 11,500 per sq.ft (2024)
• K- Block, (East)15th Street: Rs 11,500 per sq.ft (2024)
• K- Block, (East)16th Street: Rs 11,500 per sq.ft (2024)
• K- Block, (East)17th Street: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in K Block 431A. 432 to 442 Sakthi Appartments (HIG Flat)

For a 1,000 sq.ft plot at the current guideline value of Rs 14,800 per sq.ft, the total guideline value amounts to Rs 1,48,00,000. The stamp duty at 7% would be Rs 10,36,000, and the registration fee at 2% would be Rs 2,96,000, bringing the total duty to Rs 13,32,000. 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 K Block 431A. 432 to 442 Sakthi Appartments (HIG Flat)?

The Sub Registrar Office that covers K Block 431A. 432 to 442 Sakthi Appartments (HIG Flat) 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 minimum value at which a property can be registered, ensuring that the transaction is recorded accurately and transparently.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can significantly impact the total cost of the transaction.

Frequently asked questions

What is the current guideline value for K Block 431A. 432 to 442 Sakthi Appartments (HIG Flat)?

The current guideline value for K Block 431A. 432 to 442 Sakthi Appartments (HIG Flat) 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 2007 to Rs 14,800 per sq.ft in 2024, with notable changes occurring in 2017 and 2023.

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

The stamp duty for a property valued at Rs 1,48,00,000 would be Rs 10,36,000, and the registration fee would be Rs 2,96,000, totaling Rs 13,32,000.

Which Sub Registrar Office covers this area?

The AnnaNagar Sub Registrar Office covers K Block 431A. 432 to 442 Sakthi Appartments (HIG Flat), located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for this property?

The land classification for K Block 431A. 432 to 442 Sakthi Appartments (HIG Flat) is Mixed Special Type - I.