Guideline Value for N- Block, 22nd Street

N- Block, 22nd Street guideline value

The current guideline value for N- Block, 22nd 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, classified as Mixed Type - I land.

How the guideline value of N- Block, 22nd Street has changed

The guideline value for N- Block, 22nd Street has undergone several revisions over the years. In 2007, the value was Rs 8,000 per sq.ft, which increased to Rs 10,000 per sq.ft in 2012, marking a 25% rise. However, this figure decreased to Rs 6,700 per sq.ft in 2017, a decline of 33%. The value then saw a significant increase to Rs 10,000 per sq.ft in 2023, which represented a 49% rise. The most recent revision in 2024 has set the guideline value at Rs 11,000 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002 and 2003 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, with guideline values ranging from Rs 2,700 to Rs 20,000 per sq.ft as of 2024. The median guideline value for these streets is Rs 4,900 per sq.ft, placing N- Block, 22nd Street's value above this median.

• N- Block, 21st Street: Rs 11,000 per sq.ft (2024)
• N- Block, 23rd Street: Rs 11,000 per sq.ft (2024)
• N- Block, 20th Street: Rs 11,000 per sq.ft (2024)
• N- Block, 24th Street: Rs 11,000 per sq.ft (2024)
• N- Block, 19th Street: Rs 11,000 per sq.ft (2024)
• N- Block, 25th Street: Rs 11,000 per sq.ft (2024)

Stamp duty and registration fee for property in N- Block, 22nd 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, and the registration fee at 2% would be Rs 2,20,000, bringing the total fees to Rs 9,90,000. 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 on calculating these fees.

Which Sub Registrar Office covers N- Block, 22nd Street?

The Sub Registrar Office that covers N- Block, 22nd Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. For more information, you can find your SRO.

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

The guideline value plays a crucial role during the registration 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 from transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transfer of property ownership. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value for N- Block, 22nd Street?

The current guideline value for N- Block, 22nd 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 is the median guideline value for streets in Ayanavaram?

The median guideline value for streets in Ayanavaram is Rs 4,900 per sq.ft, with N- Block, 22nd Street's value being above this median.

What are the stamp duty and registration fees for a property in N- Block, 22nd Street?

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 property registrations for N- Block, 22nd Street?

The AnnaNagar Sub Registrar Office is responsible for property registrations in N- Block, 22nd Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.