Guideline Value for N- Block, 26th Street

N- Block, 26th Street guideline value

The current guideline value of N- Block, 26th 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. The land classification for this area is Mixed Type - I.

How the guideline value of N- Block, 26th Street has changed

Over the years, the guideline value of N- Block, 26th Street has seen several revisions. The earliest available figure is from 2007, which was Rs 8,000 per sq.ft. This increased to Rs 10,000 per sq.ft in 2012, then decreased by 33% to Rs 6,700 per sq.ft in 2017. Following this, the value rose significantly to Rs 10,000 per sq.ft in 2023, and then again increased by 10% to the current rate of Rs 11,000 per sq.ft in the 2024 revision.

It is important to note that there are no figures available for the years 2002 and 2003 for this street. The overall change from 2007 to 2024 reflects an increase of 38% in the guideline value.

Guideline values in Ayanavaram

In Ayanavaram, there are 369 streets under the AnnaNagar SRO, with guideline values 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, placing N- Block, 26th Street's 2024 figure above this median.

• N- BlocK, 25th Street: Rs 11,000 per sq.ft (2024)
• N- Block, 27th Street: Rs 11,000 per sq.ft (2024)
• N- Block, 24th Street: Rs 11,000 per sq.ft (2024)
• N- Block, 23rd Street: Rs 11,000 per sq.ft (2024)
• N- Block, 22nd Street: Rs 11,000 per sq.ft (2024)
• N- Block, 21st Street: Rs 11,000 per sq.ft (2024)

Stamp duty and registration fee for property in N- Block, 26th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 11,000 per sq.ft, the total 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. Therefore, the total cost for these fees would be 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 precise calculations.

Which Sub Registrar Office covers N- Block, 26th Street?

The N- Block, 26th 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. For more information, you can find your SRO.

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

When buying or selling property in Ayanavaram, the guideline value plays a crucial role during the registration process. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

The guideline value is essential for both buyers and sellers, as it helps to establish a fair transaction price. It is important to be aware of the current guideline value to avoid any discrepancies during the registration of property.

Frequently asked questions

What is the current guideline value of N- Block, 26th Street?

The current guideline value of N- Block, 26th 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 are the stamp duty and registration fees for properties in this area?

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 Sub Registrar Office covers N- Block, 26th Street?

The AnnaNagar Sub Registrar Office covers N- Block, 26th Street, and is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

Where can I find more information about the guideline values in Ayanavaram?

For more detailed information about the guideline values in Ayanavaram, you can refer to the Registration Department's guideline value register (TNReginet).