Guideline Value for K- Block, (East)14th Street

K- Block, (East)14th Street guideline value

The current guideline value for K- Block, (East)14th Street is Rs 11,500 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village under the AnnaNagar SRO, classified as Residential Special Type - II.

How the guideline value of K- Block, (East)14th Street has changed

The guideline value for K- Block, (East)14th Street has seen several revisions over the years. The 2007 revision set the value at Rs 10,000 per sq.ft, which increased to Rs 10,500 per sq.ft in 2012. However, in 2017, the value dropped to Rs 7,035 per sq.ft. The 2023 revision then raised it to Rs 10,500 per sq.ft, before the latest increase to Rs 11,500 per sq.ft in 2024.

From 2017 to 2023, the guideline value increased by 49%. The change from 2023 to 2024 reflects a 10% rise. Overall, from 2007 to 2024, the guideline value has increased by 15%. The register does not have 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, (East)14th Street above this median.

• K- Block, (East)13th Street: Rs 11,500 per sq.ft (2024)
• K- Block, (East)15th Street: Rs 11,500 per sq.ft (2024)
• K- Block, 6th Avenue B1, B2, 431, (Anna) Bouganvilla Apts, TNGRH Scheme: Rs 14,800 per sq.ft (2024)
• K- Block, (East)16th 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)17th Street: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in K- Block, (East)14th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 11,500 per sq.ft, the total 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 higher of the guideline value or the sale price.

For more details on calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers K- Block, (East)14th Street?

The K- Block, (East)14th Street falls under 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 a crucial factor during property registration in Ayanavaram. It serves as a benchmark for determining the minimum price at which a property can be sold or purchased, ensuring that the transaction is recorded at a fair value.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for K- Block, (East)14th Street?

The current guideline value for K- Block, (East)14th 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, with various increases and decreases in between, including a significant increase of 49% from 2017 to 2023.

What is the classification of land for K- Block, (East)14th Street?

K- Block, (East)14th Street is classified as Residential Special Type - II under the guideline value register.

Where can I find the registration office for K- Block, (East)14th Street?

The registration office for K- Block, (East)14th Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in Ayanavaram?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 1,15,00,000, the stamp duty would be Rs 8,05,000 at a rate of 7%.