Guideline Value for N- Block, 2nd Main Road, 3611a, 3623 E, (Also See In 6th Avenue) lotus Colony, Ews Flats, Annaisathya Nagar, burial Ground

N- Block, 2nd Main Road, 3611A, 3623 E, (also see in 6th Avenue) Lotus Colony, EWS Flats, Annaisathya nagar, Burial Ground guideline value

The current guideline value for N- Block, 2nd Main Road, 3611A, 3623 E, (also see in 6th Avenue) Lotus Colony, EWS Flats, Annaisathya nagar, Burial Ground is Rs 12,600 per sq.ft, effective from 1 July 2024. This property is located in Ayanavaram village under the AnnaNagar SRO, classified as Residential Special Type - I.

How the guideline value of N- Block, 2nd Main Road, 3611A, 3623 E, (also see in 6th Avenue) Lotus Colony, EWS Flats, Annaisathya nagar, Burial Ground has changed

The guideline value for this street has seen several revisions over the years. The 2007 revision set the value at Rs 11,000 per sq.ft, which increased to Rs 11,500 per sq.ft in the 2012 revision. However, the value dropped to Rs 7,705 per sq.ft in the 2017 revision. A significant increase occurred in the 2023 revision, raising the value to Rs 11,500 per sq.ft, followed by another increase to Rs 12,600 per sq.ft in the 2024 revision, marking a 10% rise from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 15%. The register has no figures for the years 2002 and 2003 for this street, indicating no recorded guideline value during those years.

Guideline values in Ayanavaram

Ayanavaram has a range of guideline values, with 369 streets under the AnnaNagar SRO carrying values 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, 2nd Main Road, 3611A, 3623 E, (also see in 6th Avenue) Lotus Colony, EWS Flats, Annaisathya nagar, Burial Ground above that median.

• N- Block, 27th Street: Rs 11,000 per sq.ft (2024)
• N- Block, 26th Street: Rs 11,000 per sq.ft (2024)
• N- Block, 25th 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)

Stamp duty and registration fee for property in N- Block, 2nd Main Road, 3611A, 3623 E, (also see in 6th Avenue) Lotus Colony, EWS Flats, Annaisathya nagar, Burial Ground

For a 1,000 sq.ft plot at the current guideline value of Rs 12,600 per sq.ft, the total guideline value would be Rs 1,26,00,000. The stamp duty at 7% would amount to Rs 8,82,000, while the registration fee at 2% would be Rs 2,52,000. Together, these fees would total Rs 11,34,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers N- Block, 2nd Main Road, 3611A, 3623 E, (also see in 6th Avenue) Lotus Colony, EWS Flats, Annaisathya nagar, Burial Ground?

The N- Block, 2nd Main Road, 3611A, 3623 E, (also see in 6th Avenue) Lotus Colony, EWS Flats, Annaisathya nagar, Burial Ground is covered by 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 in the registration process when buying or selling property in Ayanavaram. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

When engaging in property transactions, it is essential for buyers and sellers to understand the implications of the guideline value. It affects the overall cost of purchasing property, as the fees can significantly impact the total expenditure involved in the buying process. Therefore, being informed about the current guideline value is vital for making sound financial decisions.

Frequently asked questions

What is the current guideline value for N- Block, 2nd Main Road?

The current guideline value for N- Block, 2nd Main Road, 3611A, 3623 E, (also see in 6th Avenue) Lotus Colony, EWS Flats, Annaisathya nagar, Burial Ground is Rs 12,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 11,000 per sq.ft in 2007 to Rs 12,600 per sq.ft in 2024. Notably, there was a decrease to Rs 7,705 per sq.ft in 2017, followed by an increase to Rs 11,500 per sq.ft in 2023.

What is the range of guideline values in Ayanavaram?

Ayanavaram has guideline values ranging from Rs 2,700 to Rs 20,000 per sq.ft, with the median value being Rs 4,900 per sq.ft. The guideline value for N- Block, 2nd Main Road is above this median.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 1,26,00,000, the stamp duty at 7% would be Rs 8,82,000.

Where can I find the Sub Registrar Office for this property?

The Sub Registrar Office covering N- Block, 2nd Main Road is the AnnaNagar Sub Registrar Office located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037. You can find more information online.