Guideline Value for M Block 10 Street

M Block 10 Street guideline value

The current guideline value of M Block 10 Street is Rs 11,000 per sq.ft. This street is located in Ayanavaram village, under the AnnaNagar SRO, with a land classification of Mixed Type - I.

How the guideline value of M Block 10 Street has changed

The guideline value for M Block 10 Street has seen several revisions over the years. In the 2007 revision, the value was set at Rs 8,000 per sq.ft. This increased to Rs 10,000 per sq.ft in the 2012 revision, marking a 25% rise. However, the value then decreased by 33% to Rs 6,700 per sq.ft in the 2017 revision. The 2023 revision saw a significant increase of 49%, bringing the value to Rs 10,000 per sq.ft, and the most recent 2024 revision set the guideline value at Rs 11,000 per sq.ft, 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 village 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 as of 2024. The median value for these streets is Rs 4,900 per sq.ft, making M Block 10 Street's value of Rs 11,000 per sq.ft significantly above the median.

• M Block 9th Street: Rs 11,000 per sq.ft (2024)
• Medavakkam Tank Road: Rs 6,600 per sq.ft (2024)
• Market Road: Rs 4,900 per sq.ft (2024)
• Mettu Street: Rs 5,500 per sq.ft (2024)
• Loganathan Street: Rs 4,400 per sq.ft (2024)
• Loco Works Scheme Ist Street, Chennai 82: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in M Block 10 Street

For a 1,000 sq.ft plot at the current rate of Rs 11,000 per sq.ft, the 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 duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers M Block 10 Street?

The Sub Registrar Office that covers M Block 10 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 information.

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

The guideline value is a crucial factor when registering property transactions in Ayanavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the guideline value, as it can affect the overall costs involved in the transaction. Buyers should ensure that they are aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of M Block 10 Street?

The current guideline value of M Block 10 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 rates for properties in M Block 10 Street?

The stamp duty for properties in M Block 10 Street is charged at 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for M Block 10 Street located?

The Sub Registrar Office for M Block 10 Street is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

What is the land classification of M Block 10 Street?

M Block 10 Street has a land classification of Mixed Type - I, which indicates the type of development permissible in the area.