Guideline Value for N Block, 17th Street

N Block, 17th Street guideline value

The current guideline value of N Block, 17th Street in Ayanavaram village is Rs 11,000 per sq.ft, effective from 1 July 2024. This property falls under the jurisdiction of the AnnaNagar SRO and is classified as Mixed Type - I land.

How the guideline value of N Block, 17th Street has changed

Over the years, the guideline value of N Block, 17th Street has undergone several revisions. The earliest available figure is from 2007, where the guideline value was Rs 8,000 per sq.ft. This increased to Rs 10,000 per sq.ft in 2012, followed by a decrease to Rs 6,700 per sq.ft in 2017. The value then saw a significant rise to Rs 10,000 per sq.ft in 2023, and most recently, it has increased to Rs 11,000 per sq.ft in the 2024 revision.

In terms of percentage changes, the guideline value increased by 25% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then increased by 49% from 2017 to 2023. The most recent change from 2023 to 2024 reflects a 10% increase. Overall, the guideline value has increased by 38% from 2007 to 2024.

Guideline values in Ayanavaram

Ayanavaram 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. The median value for these streets is Rs 4,900 per sq.ft, making the 2024 guideline value of N Block, 17th Street above the median.

• N-Block 18th Street: Rs 11,000 per sq.ft (2024)
• N-Block 19th Street: Rs 11,000 per sq.ft (2024)
• N- Block, 20th Street: Rs 11,000 per sq.ft (2024)
• N- Block, 21st Street: Rs 11,000 per sq.ft (2024)
• N- Block, 22nd Street: Rs 11,000 per sq.ft (2024)
• N- Block, 23rd Street: Rs 11,000 per sq.ft (2024)

Stamp duty and registration fee for property in N Block, 17th 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 to Rs 9,90,000. Please note that duty is charged on the higher of the guideline value or the sale price. For further details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers N Block, 17th Street?

The Sub Registrar Office that covers N Block, 17th 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 in the registration process when buying or selling property in Ayanavaram. It determines the minimum value at which the property can be registered, ensuring that the transaction is conducted at a value recognized by the government.

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

Frequently asked questions

What is the current guideline value of N Block, 17th Street?

The current guideline value of N Block, 17th 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 various increases and decreases in between.

What is the registration fee for property in N Block, 17th Street?

The registration fee is calculated at 2% of the guideline value. For a property valued at Rs 1,10,00,000, the registration fee would be Rs 2,20,000.

Where is the Sub Registrar Office for N Block, 17th Street located?

The Sub Registrar Office for N Block, 17th Street is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the guideline value determined for properties in Ayanavaram?

The guideline value is determined by the Registration Department and is based on various factors, including land classification and property revisions over the years.