Guideline Value for N- Block, 20th Street

N- Block, 20th Street guideline value

The current guideline value for N- Block, 20th Street is Rs 11,000 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village under the AnnaNagar SRO, classified as Mixed Type - I.

How the guideline value of N- Block, 20th Street has changed

Over the years, the guideline value of N- Block, 20th Street has seen several revisions. The earliest revision available is from 2007, where the value was set at Rs 8,000 per sq.ft. This increased to Rs 10,000 per sq.ft in 2012, a rise of 25%. However, from 2012 to 2017, the value decreased to Rs 6,700 per sq.ft, marking a decline of 33%. The value then rose significantly to Rs 10,000 per sq.ft in 2023, reflecting a 49% increase. The latest revision in 2024 has set the guideline value at Rs 11,000 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. 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 guideline value for these streets is Rs 4,900 per sq.ft, placing N- Block, 20th Street's 2024 figure above this median.

• N-Block 19th Street: Rs 11,000 per sq.ft (2024)
• N-Block 18th 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, 17th 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, 20th 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 the duty is charged on the guideline value or the sale price, whichever is higher. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers N- Block, 20th Street?

The N- Block, 20th Street is covered by 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 of 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 appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the fair value of the property being transacted. Buyers and sellers should be aware that the final cost may include additional fees based on this value, impacting the overall transaction cost.

Frequently asked questions

What is the current guideline value for N- Block, 20th Street?

The current guideline value for N- Block, 20th 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, with various increases and decreases in between, including a significant rise from Rs 6,700 per sq.ft in 2017 to Rs 10,000 per sq.ft in 2023.

What is the median guideline value in Ayanavaram?

The median guideline value for streets in Ayanavaram is Rs 4,900 per sq.ft, with N- Block, 20th Street's 2024 figure being above this median.

What are the stamp duty rates for property in N- Block, 20th Street?

The stamp duty rate for property transactions in N- Block, 20th Street is 7% of the guideline value or sale price, whichever is higher.

Where is the AnnaNagar Sub Registrar Office located?

The AnnaNagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.