Guideline Value for K- Block, (East)13th Street

K- Block, (East)13th Street guideline value

The current guideline value of K- Block, (East)13th Street is Rs 11,500 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 Residential Special Type - II.

How the guideline value of K- Block, (East)13th Street has changed

The guideline value for K- Block, (East)13th Street has seen several revisions over the years. In 2007, the value was Rs 10,000 per sq.ft, which increased to Rs 10,500 per sq.ft in 2012. However, it then decreased to Rs 7,035 per sq.ft in 2017. The value rose significantly to Rs 10,500 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 11,500 per sq.ft. The register has no figure for this street in 2002 and 2003.

From 2017 to 2023, there was a notable increase of 49%, while the transition from 2012 to 2017 saw a decrease of 33%. The value increased by 10% from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 15%.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO that carry a 2024 guideline value, ranging from Rs 2,700 to Rs 20,000 per sq.ft, with a median of Rs 4,900 per sq.ft. K- Block, (East)13th Street's 2024 figure is above this median.

• K- Block, (East)14th Street: Rs 11,500 per sq.ft (2024)
• K Block 431A. 432 to 442 Sakthi Appartments (HIG Flat): Rs 14,800 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, 1st Main Road, (K Block, Ist Avenue): Rs 14,800 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, (East)13th Street

For a 1,000 sq.ft plot at the current rate of Rs 11,500 per sq.ft, the guideline value would be Rs 1,15,00,000. The stamp duty at 7% would amount to Rs 8,05,000, and the registration fee at 2% would be Rs 2,30,000, bringing the total to Rs 10,35,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers K- Block, (East)13th Street?

The K- Block, (East)13th Street is covered by the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By 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 an essential factor when buying or selling property in Ayanavaram. It serves as a benchmark for determining the minimum value at which a property can be registered. This value helps in calculating the applicable stamp duty and registration fees during the transaction.

When a property is sold, the buyer and seller must ensure that the sale price is at least equal to the guideline value to avoid any legal complications during registration. The registration process requires the submission of documents that reflect the guideline value, ensuring transparency in property transactions.

Frequently asked questions

What is the current guideline value of K- Block, (East)13th Street?

The current guideline value of K- Block, (East)13th Street is Rs 11,500 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 11,500 per sq.ft in 2024, showing an overall increase of 15% over the years.

What is the land classification for K- Block, (East)13th Street?

The land classification for K- Block, (East)13th Street is Residential Special Type - II.

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

The Sub Registrar Office covering K- Block, (East)13th Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in K- Block, (East)13th Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 11,500 per sq.ft, the stamp duty would be Rs 8,05,000.