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

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

The current guideline value of L- Block, (East)17th Street is Rs 11,000 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 Mixed Type - I.

How the guideline value of L- Block, (East)17th Street has changed

The guideline value for L- Block, (East)17th Street has seen several revisions over the years. In 2007, the guideline value was Rs 8,000 per sq.ft. This increased to Rs 10,000 per sq.ft in 2012, marking a 25% rise. However, it then decreased to Rs 6,700 per sq.ft in 2017, reflecting a 33% drop. The value surged to Rs 10,000 per sq.ft in 2023, which was a significant increase of 49%. The most recent revision in 2024 saw the guideline value rise to Rs 11,000 per sq.ft, a 10% increase from the previous year.

The register has no figure for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 38%.

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. The median guideline value for the area is Rs 4,900 per sq.ft, making the current value of L- Block, (East)17th Street above this median.

• L- Block, (East)18th Street: Rs 11,000 per sq.ft (2024)
• L Block 27th Street: Rs 14,800 per sq.ft (2024)
• L- Block, (East)19th Street: Rs 11,000 per sq.ft (2024)
• L- Block, 1st Avenue Karpagam Colony (MIG Flats) Ganga Colony (LIG Flats) Cavery Colony (HIG Flats) “L” 37, 38, 496, 496A, 507A: Rs 14,800 per sq.ft (2024)
• L- Block, (East)20th Street: Rs 11,000 per sq.ft (2024)
• L- Block, (East)21st Street: Rs 11,000 per sq.ft (2024)

Stamp duty and registration fee for property in L- Block, (East)17th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 11,000 per sq.ft, the total guideline value would be Rs 1,10,00,000. The stamp duty at 7% would be Rs 7,70,000, and the registration fee at 2% would be Rs 2,20,000. Together, the total cost for these fees would be Rs 9,90,000. 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 L- Block, (East)17th Street?

The Sub Registrar Office that covers L- Block, (East)17th Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. For further information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ayanavaram. It is used to determine the stamp duty and registration fees that must be paid at the time of registration. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher value will be used for calculating these fees.

Understanding the guideline value is essential for both buyers and sellers, as it ensures compliance with local regulations and helps in the accurate assessment of costs involved in property transactions.

Frequently asked questions

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

The current guideline value of L- Block, (East)17th Street is Rs 11,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 8,000 per sq.ft in 2007 to Rs 11,000 per sq.ft in 2024, with several revisions in between, including a drop in 2017 and increases in subsequent years.

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

The land classification for L- Block, (East)17th Street is Mixed Type - I, indicating a blend of various land uses in the area.

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

The registration office for L- Block, (East)17th 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 Ayanavaram?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, the stamp duty for a property valued at Rs 1,10,00,000 would be Rs 7,70,000 at a rate of 7%.