Guideline Value for N- Block, 24th Street

N- Block, 24th Street guideline value

The current guideline value for N- Block, 24th Street is Rs 11,000 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village, under the AnnaNagar SRO, and is classified as Mixed Type - I.

How the guideline value of N- Block, 24th Street has changed

The guideline value for N- Block, 24th Street has seen 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. However, it decreased to Rs 6,700 per sq.ft in 2017. The value then rose significantly to Rs 10,000 per sq.ft in 2023, and currently stands at Rs 11,000 per sq.ft from the 2024 revision. The changes between these revisions include a 25% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, a 49% increase from 2017 to 2023, and a 10% increase from 2023 to 2024.

There are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Ayanavaram

In Ayanavaram, there are 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 in this area is Rs 4,900 per sq.ft, making the 2024 figure for N- Block, 24th Street above that median.

• N- Block, 23rd Street: Rs 11,000 per sq.ft (2024)
• N- Block, 25th Street: Rs 11,000 per sq.ft (2024)
• N- Block, 22nd Street: Rs 11,000 per sq.ft (2024)
• N- Block, 26th Street: Rs 11,000 per sq.ft (2024)
• N- Block, 21st Street: Rs 11,000 per sq.ft (2024)
• N- Block, 27th Street: Rs 11,000 per sq.ft (2024)

Stamp duty and registration fee for property in N- Block, 24th 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 higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers N- Block, 24th Street?

The N- Block, 24th Street falls under the jurisdiction of 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 during the registration of property transactions in Ayanavaram. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees, ensuring that all transactions are conducted fairly and transparently.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly affects the costs associated with property registration. This value is periodically revised by the Registration Department to reflect changes in the real estate market.

Frequently asked questions

What is the current guideline value for N- Block, 24th Street?

The current guideline value for N- Block, 24th 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. The most significant increase was from Rs 6,700 per sq.ft in 2017 to Rs 10,000 per sq.ft in 2023.

What are the stamp duty and registration fees for property in N- Block, 24th Street?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value. For a 1,000 sq.ft plot, the total costs would amount to Rs 9,90,000.

Which Sub Registrar Office covers N- Block, 24th Street?

The AnnaNagar Sub Registrar Office covers N- Block, 24th Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for N- Block, 24th Street?

N- Block, 24th Street is classified as Mixed Type - I, which indicates the type of land use permitted in this area.