Guideline Value for O- Block, 34th Street

O- Block, 34th Street guideline value

The current guideline value of O- Block, 34th 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, 34th Street has changed

The guideline value for O- Block, 34th Street has seen several revisions over the years. In 2007, the guideline value was Rs 8,000 per sq.ft. It increased to Rs 9,000 per sq.ft in 2012, but then dropped to Rs 6,030 per sq.ft in 2017. Following this, the value rose significantly to Rs 9,000 per sq.ft in 2023, and finally to Rs 9,900 per sq.ft in 2024. The changes between these revisions include a 13% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, a 49% increase from 2017 to 2023, and a 10% increase from 2023 to 2024.

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 24%.

Guideline values in Ayanavaram

Ayanavaram village features a total of 369 streets under the AnnaNagar SRO, with 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, making the 2024 figure for O- Block, 34th Street above the median.

• 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, 35th Street: Rs 9,900 per sq.ft (2024)
• O- Block, 36th Street: Rs 9,900 per sq.ft (2024)
• O- Block, 37th Street: Rs 9,900 per sq.ft (2024)

Stamp duty and registration fee for property in O- Block, 34th 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. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers O- Block, 34th Street?

The O- Block, 34th Street falls under the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ayanavaram. It is used to determine the stamp duty and registration fees that are applicable during the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value is assessed to calculate the fees, which are based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of O- Block, 34th Street?

The current guideline value of O- Block, 34th 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, including a significant rise of 49% from 2017 to 2023.

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

For a property valued at Rs 99,00,000, the stamp duty would be Rs 6,93,000 and the registration fee would be Rs 1,98,000, totaling Rs 8,91,000.

Which Sub Registrar Office covers O- Block, 34th Street?

The AnnaNagar Sub Registrar Office covers O- Block, 34th Street, and is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for O- Block, 34th Street?

The land classification for O- Block, 34th Street is Residential Special Type - V, indicating its designation for residential use within the area.