Guideline Value for L- Block, (East)25th Street

L- Block, (East)25th Street guideline value

The current guideline value of L- Block, (East)25th 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)25th Street has changed

Over the years, the guideline value of L- Block, (East)25th Street has seen several revisions. The oldest available figure is from 2007, which was Rs 8,000 per sq.ft. This figure changed to Rs 10,000 per sq.ft in 2012, reflecting a 25% increase. However, it then dropped to Rs 6,700 per sq.ft in 2017, which was a decrease of 33%. The value rose significantly to Rs 10,000 per sq.ft in 2023, marking a 49% increase. The most recent revision in 2024 set the guideline value at Rs 11,000 per sq.ft, which is a 10% increase from the previous year.

The register has no figure for L- Block, (East)25th Street for the years 2002 and 2003. 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 value for these streets is Rs 4,900 per sq.ft, placing L- Block, (East)25th Street above this median.

• L- Block, (East)24th Street: Rs 11,000 per sq.ft (2024)
• L- Block, (East)26th Street: Rs 11,000 per sq.ft (2024)
• L- Block, (East)23rd Street: Rs 11,000 per sq.ft (2024)
• L- Block, (East)21st 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)25th 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, while the registration fee at 2% would be Rs 2,20,000. Therefore, the total cost for stamp duty and registration fee would be Rs 9,90,000. It is important to note that the 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)25th Street?

The Sub Registrar Office that covers L- Block, (East)25th Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the 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 plays a crucial role in property transactions in Ayanavaram. When a property is bought or sold, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures that the transaction is registered at a value that reflects the current market conditions as per the government guidelines.

It is essential for buyers and sellers to be aware of the guideline value, as it affects the overall cost of the transaction. Proper understanding of these values can help in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of L- Block, (East)25th Street?

The current guideline value of L- Block, (East)25th 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 are the stamp duty and registration fees for this property?

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

Which office handles the registration for L- Block, (East)25th Street?

The registration for L- Block, (East)25th Street is handled by the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the guideline value determined for properties in Ayanavaram?

The guideline value for properties in Ayanavaram is determined by the Registration Department's guideline value register, which is updated periodically to reflect changes in the real estate market.