Guideline Value for O- Block, 32nd Street

O- Block, 32nd Street guideline value

The current guideline value for O- Block, 32nd Street is Rs 9,900 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village, under the AnnaNagar SRO, and is classified as Residential Special Type - V.

How the guideline value of O- Block, 32nd Street has changed

The guideline value for O- Block, 32nd 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 9,000 per sq.ft in 2012. However, it then decreased to Rs 6,030 per sq.ft in 2017. The value rose significantly to Rs 9,000 per sq.ft in 2023 and further increased to Rs 9,900 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 24%. The changes between the revisions include a 49% increase from 2017 to 2023 and a 13% increase from 2007 to 2012. The register has no figure for O- Block, 32nd Street for the years 2002 and 2003.

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 2024. The median guideline value in this area is Rs 4,900 per sq.ft, placing O- Block, 32nd Street above this median.

• O- Block, 31st Street: Rs 9,900 per sq.ft (2024)
• O- Block, 33rd Street: Rs 9,900 per sq.ft (2024)
• O- Block, 30th Street: Rs 9,900 per sq.ft (2024)
• O- Block, 34th Street: Rs 9,900 per sq.ft (2024)
• O- Block, 29th 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, 32nd 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, while the registration fee at 2% would be Rs 1,98,000. Together, the total cost for these fees 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.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers O- Block, 32nd Street?

The O- Block, 32nd Street falls under the jurisdiction of 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 visit 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 when buying or selling property in Ayanavaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property transactions. Buyers and sellers must be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for O- Block, 32nd Street?

The current guideline value for O- Block, 32nd 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 per sq.ft in 2007 to Rs 9,900 per sq.ft in 2024, reflecting an overall increase of 24% over the years.

What are the stamp duty and registration fees for properties in this area?

For a property measuring 1,000 sq.ft at the current guideline value, the total stamp duty and registration fees would amount to Rs 8,91,000, based on the guideline value of Rs 99,00,000.

Which Sub Registrar Office covers O- Block, 32nd Street?

The AnnaNagar Sub Registrar Office covers O- Block, 32nd Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for O- Block, 32nd Street?

O- Block, 32nd Street is classified as Residential Special Type - V, which indicates its designated use for residential purposes.