Guideline Value for O- Block, 35th Street

O- Block, 35th Street guideline value

The current guideline value of O- Block, 35th 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, 35th Street has changed

Over the years, the guideline value for O- Block, 35th Street has seen several revisions. The 2007 revision set the value at Rs 8,000 per sq.ft. This increased to Rs 9,000 per sq.ft in 2012, followed by a decrease to Rs 6,030 per sq.ft in 2017. The value then rose significantly to Rs 9,000 per sq.ft in 2023, and currently stands at Rs 9,900 per sq.ft from the 2024 revision. 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 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. The median guideline value for these streets is Rs 4,900 per sq.ft, making the current value of O- Block, 35th Street above this median.

• O- Block, 34th Street: Rs 9,900 per sq.ft (2024)
• O- Block, 36th Street: Rs 9,900 per sq.ft (2024)
• O- Block, 33rd Street: Rs 9,900 per sq.ft (2024)
• O- Block, 37th Street: Rs 9,900 per sq.ft (2024)
• O- Block, 32nd Street: Rs 9,900 per sq.ft (2024)
• O- Block, Ganapathy Colony: Rs 9,900 per sq.ft (2024)

Stamp duty and registration fee for property in O- Block, 35th 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, totaling 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 more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers O- Block, 35th Street?

The Sub Registrar Office that covers O- Block, 35th Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the 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 in the registration process when buying or selling property in Ayanavaram. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the transaction is recorded at a fair value. Buyers and sellers must be aware of this value to avoid any discrepancies during the registration process.

When a property is registered, the guideline value is used to calculate the stamp duty and registration fees. These fees are based on the higher of the guideline value or the sale price, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of O- Block, 35th Street?

The current guideline value of O- Block, 35th 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 is the land classification for O- Block, 35th Street?

The land classification for O- Block, 35th Street is Residential Special Type - V.

Where is the Sub Registrar Office located?

The AnnaNagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 99,00,000, the total stamp duty and registration fees would amount to Rs 8,91,000.