Guideline Value for N-Block 19th Street

N-Block 19th Street guideline value

The current guideline value of N-Block 19th 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 land.

How the guideline value of N-Block 19th Street has changed

The guideline value for N-Block 19th 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. However, it then dropped 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 the most recent revision in 2024 has set it at Rs 11,000 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 38%. Notably, there are no figures available for the years 2002 and 2003 for this street in the register.

Guideline values in Ayanavaram

Ayanavaram village 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. The median guideline value in this area is Rs 4,900 per sq.ft, placing N-Block 19th Street's 2024 value above this median.

• N-Block 18th Street: Rs 11,000 per sq.ft (2024)
• N- Block, 20th Street: Rs 11,000 per sq.ft (2024)
• N Block, 17th 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 19th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 11,000 per sq.ft, the total guideline value is Rs 1,10,00,000. The stamp duty at 7% would amount to Rs 7,70,000, while the registration fee at 2% would be Rs 2,20,000. Together, 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.

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

Which Sub Registrar Office covers N-Block 19th Street?

The Sub Registrar Office that covers N-Block 19th Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the 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 plays a crucial role in the registration process when buying or selling property 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 stamp duties and registration fees.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable stamp duty and registration fees. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value for N-Block 19th Street?

The current guideline value for N-Block 19th 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 revisions in between, including a drop to Rs 6,700 per sq.ft in 2017.

What is the land classification for N-Block 19th Street?

N-Block 19th Street is classified as Mixed Type - I land, which indicates its diverse usage potential.

What are the stamp duty rates applicable?

The stamp duty rate is 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the same value.

Where is the Sub Registrar Office located for N-Block 19th Street?

The AnnaNagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.