Guideline Value for L- Block, (East)24th Street

L- Block, (East)24th Street guideline value

The current guideline value for L- Block, (East)24th Street is Rs 11,000 per sq.ft. This street is located in Ayanavaram village and falls under the AnnaNagar SRO with a land classification of Mixed Type - I.

How the guideline value of L- Block, (East)24th Street has changed

The guideline value for L- Block, (East)24th 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, from 2012 to 2017, the value decreased by 33% to Rs 6,700 per sq.ft. The value then rose significantly by 49% to Rs 10,000 per sq.ft in 2023.

As of the latest revision in 2024, the guideline value stands at Rs 11,000 per sq.ft, reflecting a 10% increase from the previous year. 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, with the 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 L- Block, (East)24th Street above this median.

• L- Block, (East)23rd Street: Rs 11,000 per sq.ft (2024)
• L- Block, (East)25th Street: Rs 11,000 per sq.ft (2024)
• L- Block, (East)21st Street: Rs 11,000 per sq.ft (2024)
• L- Block, (East)26th Street: Rs 11,000 per sq.ft (2024)
• L- Block, (East)20th Street: Rs 11,000 per sq.ft (2024)
• L- Block, (East)19th Street: Rs 11,000 per sq.ft (2024)

Stamp duty and registration fee for property in L- Block, (East)24th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 11,000 per sq.ft, the total guideline value amounts to 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, totaling 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 more detailed calculations.

Which Sub Registrar Office covers L- Block, (East)24th Street?

The Sub Registrar Office that covers L- Block, (East)24th 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

The guideline value plays a crucial role during property registration in Ayanavaram. It is used to determine the stamp duty and registration fees, which are mandatory costs associated with property transactions. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is considered alongside the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the transaction is properly registered with the authorities.

Frequently asked questions

What is the current guideline value for L- Block, (East)24th Street?

The current guideline value for L- Block, (East)24th Street is Rs 11,000 per sq.ft as per the 2024 revision.

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 are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 1,10,00,000, the stamp duty is Rs 7,70,000 and the registration fee is Rs 2,20,000, totaling Rs 9,90,000.

Which office handles property registrations in Ayanavaram?

The AnnaNagar Sub Registrar Office handles property registrations for L- Block, (East)24th Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for L- Block, (East)24th Street?

The land classification for L- Block, (East)24th Street is Mixed Type - I, indicating a diverse use of land in the area.