Guideline Value for L- Block, (East)18th Street

L- Block, (East)18th Street guideline value

The current guideline value of L- Block, (East)18th 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)18th Street has changed

The guideline value for L- Block, (East)18th Street has undergone several revisions over the years. In the 2007 revision, the value was Rs 8,000 per sq.ft, which increased to Rs 10,000 per sq.ft in the 2012 revision, marking a rise of 25%. However, in the 2017 revision, the value decreased to Rs 6,700 per sq.ft, reflecting a decline of 33%. The following revision in 2023 saw a significant increase to Rs 10,000 per sq.ft, and the most recent revision in 2024 has raised it to Rs 11,000 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 38%. It is important to note that there are no figures available for the years 2002 and 2003 in the register 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 Ayanavaram is Rs 4,900 per sq.ft, and the 2024 guideline value for L- Block, (East)18th Street is above this median.

• L- Block, (East)17th Street: Rs 11,000 per sq.ft (2024)
• L- Block, (East)19th Street: Rs 11,000 per sq.ft (2024)
• L- Block, (East)20th Street: Rs 11,000 per sq.ft (2024)
• L Block 27th Street: Rs 14,800 per sq.ft (2024)
• L- Block, (East)21st 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)

Stamp duty and registration fee for property in L- Block, (East)18th 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 amount to Rs 7,70,000, and the registration fee at 2% would be Rs 2,20,000, making the total cost Rs 9,90,000. It is important to note that the 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 further calculations.

Which Sub Registrar Office covers L- Block, (East)18th Street?

The Sub Registrar Office that covers L- Block, (East)18th Street is 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

When buying or selling property in Ayanavaram, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is assessed by the registration department and is used as a basis for calculating these fees during the registration process.

It is essential for buyers and sellers to be aware of the current guideline value, as it can significantly impact the overall cost of transactions. Accurate knowledge of the guideline value ensures that all parties involved are informed about the financial obligations associated with property transactions.

Frequently asked questions

What is the current guideline value of L- Block, (East)18th Street?

The current guideline value of L- Block, (East)18th 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, reflecting an overall increase of 38% over the years.

What is the registration office for L- Block, (East)18th Street?

The registration office for L- Block, (East)18th Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the median guideline value in Ayanavaram?

The median guideline value in Ayanavaram is Rs 4,900 per sq.ft, and the 2024 guideline value for L- Block, (East)18th Street is above this median.

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 1,10,00,000, the stamp duty at 7% would be Rs 7,70,000.