Guideline Value for L- Block, (East)20th Street

L- Block, (East)20th Street guideline value

The current guideline value of L- Block, (East)20th Street is Rs 11,000 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village, under the AnnaNagar SRO, and is classified as Mixed Type - I land.

How the guideline value of L- Block, (East)20th Street has changed

In the 2007 revision, the guideline value was Rs 8,000 per sq.ft. This increased to Rs 10,000 per sq.ft in the 2012 revision, marking a 25% rise. However, in the 2017 revision, the value decreased to Rs 6,700 per sq.ft, reflecting a decline of 33%. The value then rose significantly to Rs 10,000 per sq.ft in the 2023 revision, which was a 49% increase. The current value of Rs 11,000 per sq.ft in the 2024 revision represents a 10% increase from the previous year.

The register has no figures 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 these streets is Rs 4,900 per sq.ft, placing L- Block, (East)20th Street above this median.

• L- Block, (East)19th Street: Rs 11,000 per sq.ft (2024)
• L- Block, (East)21st Street: Rs 11,000 per sq.ft (2024)
• L- Block, (East)18th Street: Rs 11,000 per sq.ft (2024)
• L- Block, (East)23rd Street: Rs 11,000 per sq.ft (2024)
• L- Block, (East)17th Street: Rs 11,000 per sq.ft (2024)
• L- Block, (East)24th Street: Rs 11,000 per sq.ft (2024)

Stamp duty and registration fee for property in L- Block, (East)20th Street

For a 1,000 sq.ft plot at the current guideline value, 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, leading to a total of Rs 9,90,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers L- Block, (East)20th Street?

The Sub Registrar Office that covers L- Block, (East)20th 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 details.

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

The guideline value is an essential factor when registering property transactions in Ayanavaram. It serves as the basis for calculating stamp duty and registration fees, which are mandatory for completing property transactions.

When buying or selling property, the guideline value ensures that the transaction is recorded at a value that reflects the official rates set by the government. This helps maintain transparency and compliance with local regulations during property transfers.

Frequently asked questions

What is the current guideline value of L- Block, (East)20th Street?

The current guideline value of L- Block, (East)20th 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 several times, starting from Rs 8,000 per sq.ft in 2007 to Rs 10,000 in 2012, then decreasing to Rs 6,700 in 2017. It rose to Rs 10,000 in 2023 and is now Rs 11,000 in 2024.

What is the median guideline value for streets in Ayanavaram?

The median guideline value for streets in Ayanavaram is Rs 4,900 per sq.ft, with L- Block, (East)20th Street being above this median at Rs 11,000 per sq.ft.

What are the stamp duty rates for property in L- Block, (East)20th Street?

The stamp duty rate for property transactions in L- Block, (East)20th Street is 7% of the guideline value or sale price, whichever is higher.

Where is the AnnaNagar Sub Registrar Office located?

The AnnaNagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.