Guideline Value for O- Block, 36th Street

O- Block, 36th Street guideline value

The current guideline value of O- Block, 36th Street is Rs 9,900 per sq.ft, effective from 1 July 2024. This property is located in Ayanavaram village under the AnnaNagar SRO, classified as Residential Special Type - V.

How the guideline value of O- Block, 36th Street has changed

Over the years, the guideline value for O- Block, 36th 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. However, in the 2017 revision, the value dropped significantly to Rs 6,030 per sq.ft. Following this, the 2023 revision raised it to Rs 9,000 per sq.ft, and the latest revision in 2024 has increased it further to Rs 9,900 per sq.ft.

From 2017 to 2023, the value increased by 49%. The jump from 2023 to 2024 represents a 10% increase. The overall change from the 2007 revision to the 2024 revision shows an increase of 24%.

Guideline values in Ayanavaram

Ayanavaram village has a total of 369 streets under the AnnaNagar SRO, with the 2024 guideline values ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median value for these streets is Rs 4,900 per sq.ft, placing O- Block, 36th Street above this median.

• O- Block, 35th Street: Rs 9,900 per sq.ft (2024)
• O- Block, 37th Street: Rs 9,900 per sq.ft (2024)
• O- Block, 34th Street: Rs 9,900 per sq.ft (2024)
• O- Block, Ganapathy Colony: Rs 9,900 per sq.ft (2024)
• O- Block, 33rd Street: Rs 9,900 per sq.ft (2024)
• O- Block, 32nd Street: Rs 9,900 per sq.ft (2024)

Stamp duty and registration fee for property in O- Block, 36th 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, making the total 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 details.

Which Sub Registrar Office covers O- Block, 36th Street?

The O- Block, 36th Street falls under the jurisdiction of 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 is an essential factor in the registration process when buying or selling property in Ayanavaram. It is used to determine the stamp duty and registration fees that must be paid at the time of registration.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a value that reflects the government's assessment, which can prevent undervaluation and ensure proper tax collection.

Frequently asked questions

What is the current guideline value of O- Block, 36th Street?

The current guideline value of O- Block, 36th 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, showing an overall increase of 24% over the years.

What is the land classification for O- Block, 36th Street?

O- Block, 36th Street is classified as Residential Special Type - V under the Ayanavaram village guidelines.

What is the stamp duty rate for properties in O- Block, 36th Street?

The stamp duty rate for properties in O- Block, 36th Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for O- Block, 36th Street located?

The Sub Registrar Office for O- Block, 36th Street is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.