Guideline Value for M- Block, 6th Avenue 3560 to 3569, 3581

M- Block, 6th Avenue 3560 to 3569, 3581 guideline value

The current guideline value for M- Block, 6th Avenue 3560 to 3569, 3581 is Rs 14,800 per sq.ft, effective from 1 July 2024. This property is located in Ayanavaram village under the AnnaNagar SRO, classified as Mixed Special Type - I.

How the guideline value of M- Block, 6th Avenue 3560 to 3569, 3581 has changed

The guideline value for M- Block, 6th Avenue has seen several revisions over the years. The earliest available figure is from 2007, which was Rs 11,000 per sq.ft. This increased to Rs 13,500 per sq.ft in 2012, marking a 23% rise. However, the value dropped to Rs 9,045 per sq.ft in 2017, reflecting a decrease of 33%. By 2023, the value had risen significantly to Rs 13,500 per sq.ft, a 49% increase from the 2017 figure. The most recent revision in 2024 set the guideline value at Rs 14,800 per sq.ft, which is a 10% increase from the previous year.

The overall change from the 2007 revision to the 2024 revision is an increase of 35%. It is important to note that there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO, with 2024 guideline values ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value for the village is Rs 4,900 per sq.ft, placing M- Block, 6th Avenue above this median.

• M Block 9th Street: Rs 11,000 per sq.ft (2024)
• M Block 10 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)
• Mettu Street Lane: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in M- Block, 6th Avenue 3560 to 3569, 3581

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 1,48,00,000. The stamp duty at 7% would be Rs 10,36,000, and the registration fee at 2% would be Rs 2,96,000, totaling Rs 13,32,000. 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 details.

Which Sub Registrar Office covers M- Block, 6th Avenue 3560 to 3569, 3581?

The Sub Registrar Office that covers M- Block, 6th Avenue 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 in the registration process of property transactions in Ayanavaram. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with legal requirements.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for M- Block, 6th Avenue 3560 to 3569, 3581?

The current guideline value for M- Block, 6th Avenue 3560 to 3569, 3581 is Rs 14,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 11,000 per sq.ft in 2007 to Rs 14,800 per sq.ft in 2024, reflecting an overall increase of 35% over the years.

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 13,32,000, calculated based on the guideline value.

Which office handles registrations for properties in this area?

The AnnaNagar Sub Registrar Office located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 handles registrations for properties in M- Block, 6th Avenue.

What is the median guideline value in Ayanavaram?

The median guideline value in Ayanavaram is Rs 4,900 per sq.ft, with M- Block, 6th Avenue being above this median at Rs 14,800 per sq.ft.