Guideline Value for O- Block, 33rd Street

O- Block, 33rd Street guideline value

The current guideline value for O- Block, 33rd 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, 33rd Street has changed

The guideline value for O- Block, 33rd 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 the 2012 revision. However, the value decreased to Rs 6,030 per sq.ft in the 2017 revision, before rising significantly to Rs 9,000 per sq.ft in the 2023 revision, and finally reaching Rs 9,900 per sq.ft in the 2024 revision.

Between these revisions, the changes were as follows: from 2012 to 2017, there was a decrease of 33%. The value then increased by 49% from 2017 to 2023, followed by a 10% increase from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 24%. 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 2024 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 O- Block, 33rd Street above the median.

• O- Block, 32nd Street: Rs 9,900 per sq.ft (2024)
• O- Block, 34th Street: Rs 9,900 per sq.ft (2024)
• O- Block, 31st Street: Rs 9,900 per sq.ft (2024)
• O- Block, 35th Street: Rs 9,900 per sq.ft (2024)
• O- Block, 30th Street: Rs 9,900 per sq.ft (2024)
• O- Block, 36th Street: Rs 9,900 per sq.ft (2024)

Stamp duty and registration fee for property in O- Block, 33rd 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, bringing the total fees to Rs 8,91,000. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers O- Block, 33rd Street?

The Sub Registrar Office that covers O- Block, 33rd Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Ayanavaram. It is used to determine the stamp duty and registration fees that must be paid when registering a property. Buyers and sellers should be aware that the guideline value is the minimum value considered for these calculations, ensuring that the government receives the appropriate revenue from property transactions.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the stamp duty and registration fees. This ensures that the transaction is taxed fairly based on the property's value as determined by the government.

Frequently asked questions

What is the current guideline value of O- Block, 33rd Street?

The current guideline value of O- Block, 33rd 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, with various increases and decreases in between.

What is the land classification for O- Block, 33rd Street?

O- Block, 33rd Street is classified as Residential Special Type - V under the current guidelines.

What are the stamp duty rates applicable for property transactions?

The stamp duty rate applicable for property transactions in O- Block, 33rd Street is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for O- Block, 33rd Street?

The Sub Registrar Office for O- Block, 33rd Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.