Guideline Value for O- Block, 31st Street

O- Block, 31st Street guideline value

The current guideline value for O- Block, 31st Street is Rs 9,900 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village under the AnnaNagar SRO, classified as Residential Special Type - V.

How the guideline value of O- Block, 31st Street has changed

Over the years, the guideline value for O- Block, 31st Street has seen several revisions. The 2007 revision set the value at Rs 8,000 per sq.ft, which increased to Rs 9,000 per sq.ft in the 2012 revision, marking a 13% increase. However, from 2012 to 2017, the value dropped significantly by 33% to Rs 6,030 per sq.ft. The subsequent revisions saw a substantial rise, with the 2017 figure climbing to Rs 9,000 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 has further increased the guideline value to Rs 9,900 per sq.ft, representing a 10% rise from the previous year.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 24%.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO, with 2024 guideline values ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value for the village is Rs 4,900 per sq.ft, indicating that the 2024 figure for O- Block, 31st Street is above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 9,900 per sq.ft, the total guideline value amounts to Rs 99,00,000. The stamp duty at 7% would be Rs 6,93,000, and the registration fee at 2% would be Rs 1,98,000. Together, the total cost for stamp duty and registration fee would be Rs 8,91,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers O- Block, 31st Street?

The O- Block, 31st 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. For more information, you can find your SRO.

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

The guideline value plays a crucial role in property transactions in Ayanavaram. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures that the transaction is recorded at a value that reflects the official pricing set by the government.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly affects the overall cost of the transaction. Accurate knowledge of the guideline value can help in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value for O- Block, 31st Street?

The current guideline value for O- Block, 31st 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 significantly from Rs 8,000 per sq.ft in 2007 to Rs 9,900 per sq.ft in 2024, reflecting an overall increase of 24% over the years.

What is the stamp duty rate for properties in O- Block, 31st Street?

The stamp duty rate for properties in O- Block, 31st Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for O- Block, 31st Street located?

The Sub Registrar Office covering O- Block, 31st Street is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What are the guideline values for other streets in Ayanavaram?

Other streets in Ayanavaram have the same guideline value of Rs 9,900 per sq.ft for the year 2024, including O- Block, 30th Street, O- Block, 32nd Street, O- Block, 29th Street, O- Block, 33rd Street, O- Block, 34th Street, and O- Block, 35th Street.