Guideline Value for O- Block, 1st Avenue 3623G, 3623G1, G2, G3 Home For Physically Handicapped

O- Block, 1st Avenue 3623G, 3623G1, G2, G3 Home For Physically Handicapped guideline value

The current guideline value for O- Block, 1st Avenue 3623G, 3623G1, G2, G3 Home For Physically Handicapped is Rs 14,800 per sq.ft, effective from 1 July 2024. This property is located in Ayanavaram village under the AnnaNagar SRO, classified as Mixed Special Type - I.

How the guideline value of O- Block, 1st Avenue 3623G, 3623G1, G2, G3 Home For Physically Handicapped has changed

Over the years, the guideline value for this property has undergone several revisions. The 2017 revision recorded a guideline value of Rs 9,045 per sq.ft, which increased to Rs 13,500 per sq.ft in the 2023 revision, marking a 49% increase. The most recent revision in 2024 saw a further increase of 10%, bringing the value to Rs 14,800 per sq.ft.

Prior to the 2017 revision, the guideline value was Rs 13,500 per sq.ft in both the 2012 and 2007 revisions. This indicates that there was a decrease of 33% from 2012 to 2017. The register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 10%.

Guideline values in Ayanavaram

Ayanavaram 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 as per the 2024 revision. The median guideline value in this area is Rs 4,900 per sq.ft, placing O- Block, 1st Avenue 3623G, 3623G1, G2, G3 Home For Physically Handicapped above this median.

• O- Block, 29th Street: Rs 9,900 per sq.ft (2024)
• O- Block, 30th Street: Rs 9,900 per sq.ft (2024)
• O- Block, 31st Street: Rs 9,900 per sq.ft (2024)
• O- Block, 32nd Street: Rs 9,900 per sq.ft (2024)
• O- Block, 33rd Street: Rs 9,900 per sq.ft (2024)
• O- Block, 34th Street: Rs 9,900 per sq.ft (2024)

Stamp duty and registration fee for property in O- Block, 1st Avenue 3623G, 3623G1, G2, G3 Home For Physically Handicapped

For a 1,000 sq.ft plot at the current rate of Rs 14,800 per sq.ft, the guideline value amounts to Rs 1,48,00,000. The stamp duty at 7% would be Rs 10,36,000, and the registration fee at 2% would be Rs 2,96,000, totaling Rs 13,32,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers O- Block, 1st Avenue 3623G, 3623G1, G2, G3 Home For Physically Handicapped?

The O- Block, 1st Avenue 3623G, 3623G1, G2, G3 Home For Physically Handicapped falls under the jurisdiction of the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near Nolambur Eb Office. You can find your SRO for more information.

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

When buying or selling property in Ayanavaram, the guideline value serves as a benchmark for determining the stamp duty and registration fees. It is essential to refer to the latest guideline value, as it directly impacts the costs associated with property transactions.

At the time of registration, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for O- Block, 1st Avenue 3623G, 3623G1, G2, G3 Home For Physically Handicapped?

The current guideline value for O- Block, 1st Avenue 3623G, 3623G1, G2, G3 Home For Physically Handicapped is Rs 14,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the latest revision in 2024 increasing it to Rs 14,800 per sq.ft from Rs 13,500 per sq.ft in 2023. The value has increased by 49% from Rs 9,045 per sq.ft in 2017 to 2023.

What is the registration fee for properties in this area?

The registration fee for properties in O- Block, 1st Avenue 3623G, 3623G1, G2, G3 Home For Physically Handicapped is calculated at 2% of the guideline value or sale price, whichever is higher.

Where is the AnnaNagar Sub Registrar Office located?

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

What is the land classification for this property?

The land classification for O- Block, 1st Avenue 3623G, 3623G1, G2, G3 Home For Physically Handicapped is Mixed Special Type - I.