Guideline Value for K- Block, (East)17th Street

K- Block, (East)17th Street guideline value

The current guideline value of K- Block, (East)17th 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)17th Street has changed

The guideline value for K- Block, (East)17th 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 2023 revision brought the value back up to Rs 10,500 per sq.ft, and the most recent revision in 2024 set the value at Rs 11,500 per sq.ft, reflecting a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. The overall change from 2007 to 2024 shows a 15% increase. 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 guideline value in the village is Rs 4,900 per sq.ft, positioning K- Block, (East)17th Street above this median with its 2024 figure.

• K- Block, (East)16th Street: Rs 11,500 per sq.ft (2024)
• K- Block, (East)15th Street: Rs 11,500 per sq.ft (2024)
• K- Block, (East)14th Street: Rs 11,500 per sq.ft (2024)
• K- Block, (East)13th 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)17th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 11,500 per sq.ft, the total guideline value is 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. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers K- Block, (East)17th Street?

The K- Block, (East)17th 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 a critical reference point for property transactions in Ayanavaram. It determines the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the market standards for pricing. This value is essential for calculating the applicable duties and fees during the registration process, ensuring transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of K- Block, (East)17th Street?

The current guideline value of K- Block, (East)17th 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 a significant increase from Rs 7,035 per sq.ft in 2017 to Rs 10,500 per sq.ft in 2023.

What is the land classification for K- Block, (East)17th Street?

K- Block, (East)17th Street is classified as Residential Special Type - II under the land classification guidelines.

Where can I find the registration office for K- Block, (East)17th Street?

The registration office for K- Block, (East)17th 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 K- Block, (East)17th Street?

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