Guideline Value for N-Block 18th Street

N-Block 18th Street guideline value

The current guideline value of N-Block 18th Street in Ayanavaram village is Rs 11,000 per sq.ft, effective from 1 July 2024. This area falls under the AnnaNagar SRO and is classified as Mixed Type - I.

How the guideline value of N-Block 18th Street has changed

The guideline value for N-Block 18th Street has seen several revisions over the years. The 2007 revision set the value at Rs 8,000 per sq.ft, which increased to Rs 10,000 per sq.ft in 2012, marking a 25% rise. However, this value decreased to Rs 6,700 per sq.ft in the 2017 revision, a drop of 33%. The value then surged to Rs 10,000 per sq.ft in 2023, reflecting a significant increase of 49% before reaching the current value of Rs 11,000 per sq.ft in 2024, a 10% increase from the previous year.

It is important to note that the register has no figures for N-Block 18th Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 38%.

Guideline values in Ayanavaram

Ayanavaram features a total of 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 the village is Rs 4,900 per sq.ft, placing N-Block 18th Street's 2024 figure above this median.

• N Block, 17th Street: Rs 11,000 per sq.ft (2024)
• N-Block 19th Street: Rs 11,000 per sq.ft (2024)
• N- Block, 20th 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, 23rd Street: Rs 11,000 per sq.ft (2024)

Stamp duty and registration fee for property in N-Block 18th 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, making the total cost for these fees 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers N-Block 18th Street?

The Sub Registrar Office that covers N-Block 18th Street is 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 details.

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

The guideline value is a critical factor 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, ensuring that these fees are calculated based on a standardized valuation.

When a property is sold, the guideline value helps in establishing a fair transaction value, which is essential for both the buyer and seller. This value is used to ensure transparency and compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of N-Block 18th Street?

The current guideline value of N-Block 18th 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 this period.

What is the registration fee for properties in N-Block 18th Street?

The registration fee is calculated at 2% of the guideline value. For a property valued at Rs 1,10,00,000, the registration fee would be Rs 2,20,000.

Where can I find the Sub Registrar Office for N-Block 18th Street?

The Sub Registrar Office for N-Block 18th Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in Ayanavaram?

Stamp duty is charged at 7% on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 1,10,00,000, the stamp duty would amount to Rs 7,70,000.