Guideline Value for O- Block, 30th Street

O- Block, 30th Street guideline value

The current guideline value for O- Block, 30th Street is Rs 9,900 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 Residential Special Type - V.

How the guideline value of O- Block, 30th Street has changed

Over the years, the guideline value of O- Block, 30th Street has seen several revisions. The earliest recorded revision is from 2007, where the guideline value was Rs 8,000 per sq.ft. This figure increased to Rs 9,000 per sq.ft in the 2012 revision, but then decreased to Rs 6,030 per sq.ft in 2017. The 2023 revision saw a significant rise to Rs 9,000 per sq.ft, followed by the current value of Rs 9,900 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

To summarize the changes: from 2012 to 2017, there was a decrease of 33%, while from 2017 to 2023, the value increased by 49%. The overall change from 2007 to 2024 is an increase of 24%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

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 of the 2024 revision. The median guideline value in this area is Rs 4,900 per sq.ft, and O- Block, 30th Street's current value is above this median.

• O- Block, 29th 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)
• O- Block, 35th Street: Rs 9,900 per sq.ft (2024)

Stamp duty and registration fee for property in O- Block, 30th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 9,900 per sq.ft, the total guideline value would be Rs 99,00,000. The stamp duty at 7% would amount to Rs 6,93,000, and the registration fee at 2% would be Rs 1,98,000, making a total of Rs 8,91,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers O- Block, 30th Street?

The O- Block, 30th 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. To find your specific SRO, you can find your SRO.

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

The guideline value is a crucial factor in the registration process of property transactions in Ayanavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the financial implications of the transaction. It is essential for buyers to be aware of the current guideline value to ensure that they are paying a fair price and to avoid any legal complications during the registration process.

Frequently asked questions

What is the current guideline value for O- Block, 30th Street?

The current guideline value for O- Block, 30th Street is Rs 9,900 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 in 2007 to Rs 9,900 in 2024, with various fluctuations in between, including a decrease in 2017 and subsequent increases in 2023 and 2024.

What is the land classification for O- Block, 30th Street?

The land classification for O- Block, 30th Street is Residential Special Type - V, indicating its designated use for residential purposes.

Where can I find the registration office for O- Block, 30th Street?

The registration office for O- Block, 30th Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in O- Block, 30th Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 99,00,000, the stamp duty would amount to Rs 6,93,000.