Guideline Value for K- Block, (East)15th Street

K- Block, (East)15th Street guideline value

The current guideline value of K- Block, (East)15th Street is Rs 11,500 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village under the AnnaNagar SRO and is classified as Residential Special Type - II.

How the guideline value of K- Block, (East)15th Street has changed

In the 2017 revision, the guideline value was Rs 7,035 per sq.ft. This figure increased to Rs 10,500 per sq.ft in the 2023 revision, marking a significant rise of 49%. The 2024 revision saw the value increase further to Rs 11,500 per sq.ft, which is a 10% increase from the previous year. There are no figures available for the years 2002 and 2003 for this street.

Prior to 2017, the guideline value was Rs 10,500 per sq.ft in 2012, which represented a decrease of 33% from the 2017 figure. The 2007 revision recorded a value of Rs 10,000 per sq.ft, indicating a 5% increase from the 2002 figure, which is not available in the register. 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, with 2024 guideline values ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, placing K- Block, (East)15th Street above this median.

• K- Block, (East)14th Street: Rs 11,500 per sq.ft (2024)
• K- Block, (East)16th Street: Rs 11,500 per sq.ft (2024)
• K- Block, (East)13th Street: Rs 11,500 per sq.ft (2024)
• K- Block, (East)17th 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 431A. 432 to 442 Sakthi Appartments (HIG Flat): Rs 14,800 per sq.ft (2024)

Stamp duty and registration fee for property in K- Block, (East)15th Street

For a 1,000 sq.ft plot at the current rate of Rs 11,500 per sq.ft, the guideline value amounts to Rs 1,15,00,000. The stamp duty at 7% would be Rs 8,05,000, while the registration fee at 2% would be Rs 2,30,000, bringing the total to Rs 10,35,000. 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 details.

Which Sub Registrar Office covers K- Block, (East)15th Street?

K- Block, (East)15th Street is covered by 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 plays a crucial role during property registration in Ayanavaram. It is used to determine the stamp duty and registration fees that a buyer must pay, ensuring that the transaction is legally documented and the government receives its due revenue.

When buying or selling property, the guideline value is referenced to ascertain the minimum value of the property for registration purposes. This helps in maintaining transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of K- Block, (East)15th Street?

The current guideline value of K- Block, (East)15th 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 seen several revisions, increasing from Rs 7,035 per sq.ft in 2017 to Rs 11,500 per sq.ft in 2024. The most significant change occurred between 2017 and 2023, with a 49% increase.

What is the land classification for K- Block, (East)15th Street?

K- Block, (East)15th Street is classified as Residential Special Type - II. This classification affects the guideline value and property usage in the area.

Where can I find the registration office for K- Block, (East)15th Street?

The registration office for K- Block, (East)15th 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 guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 1,15,00,000 would incur a stamp duty of Rs 8,05,000 at a rate of 7%.