Guideline Value for K Block, 1st Main Road, (K Block, Ist Avenue)

K Block, 1st Main Road, (K Block, Ist Avenue) guideline value

The current guideline value for K Block, 1st Main Road, (K Block, Ist Avenue) 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, 1st Main Road, (K Block, Ist Avenue) has changed

The guideline value for K Block, 1st Main Road, (K Block, Ist Avenue) has seen several revisions over the years. The earliest recorded revision was in 2012, where the value was Rs 13,500 per sq.ft. This figure remained the same in the subsequent revision in 2017, where it was adjusted to Rs 9,045 per sq.ft, reflecting a decrease of 33%. The guideline value then increased significantly to Rs 13,500 per sq.ft in 2023, marking an increase of 49%. The most recent revision in 2024 set the value at Rs 14,800 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street in the register.

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 as of 2024. The median guideline value in the village is Rs 4,900 per sq.ft, placing K Block, 1st Main Road, (K Block, Ist Avenue) above this median.

• K Block 431A. 432 to 442 Sakthi Appartments (HIG Flat): 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, 1st Main Road, (K Block, Ist Avenue)

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, while the registration fee at 2% would be Rs 2,96,000, bringing the total cost 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 more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers K Block, 1st Main Road, (K Block, Ist Avenue)?

The Sub Registrar Office that covers K Block, 1st Main Road, (K Block, Ist Avenue) 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 details.

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

The guideline value is a crucial factor when buying or selling property in Ayanavaram, as it determines the amount of stamp duty and registration fees that need to be paid. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price of the property.

When registering a property, it is essential to refer to the latest guideline value to ensure compliance with local regulations and to avoid any potential legal issues during the transaction process.

Frequently asked questions

What is the current guideline value of K Block, 1st Main Road, (K Block, Ist Avenue)?

The current guideline value for K Block, 1st Main Road, (K Block, Ist Avenue) 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 increased to Rs 13,500 per sq.ft in 2023, and finally to Rs 14,800 per sq.ft in 2024.

What are the stamp duty and registration fees for property in K Block, 1st Main Road, (K Block, Ist Avenue)?

For a 1,000 sq.ft plot, the total guideline value is Rs 1,48,00,000. The stamp duty 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 K Block, 1st Main Road, (K Block, Ist Avenue)?

The AnnaNagar Sub Registrar Office covers K Block, 1st Main Road, (K Block, Ist Avenue), located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification of K Block, 1st Main Road, (K Block, Ist Avenue)?

K Block, 1st Main Road, (K Block, Ist Avenue) is classified as Mixed Special Type - I under the land classification system.