Guideline Value for O- Block, 37th Street

O- Block, 37th Street guideline value

The current guideline value of O- Block, 37th 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, 37th Street has changed

Over the years, the guideline value of O- Block, 37th Street has seen several revisions. The 2017 revision set the value at Rs 6,030 per sq.ft, which increased to Rs 9,000 per sq.ft in 2012. The 2023 revision raised it to Rs 9,000 per sq.ft, and the latest revision in 2024 brought it to Rs 9,900 per sq.ft. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

From 2017 to 2023, the guideline value increased by 49%. However, there was a decrease of 33% from 2012 to 2017. The value rose by 13% from 2007 to 2012. 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 value for these streets is Rs 4,900 per sq.ft, placing the 2024 guideline value of O- Block, 37th Street above this median.

• O- Block, 36th Street: Rs 9,900 per sq.ft (2024)
• O- Block, Ganapathy Colony: Rs 9,900 per sq.ft (2024)
• O- Block, 35th Street: Rs 9,900 per sq.ft (2024)
• O- Block, 34th Street: 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, 37th 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, calculated at 7%, would be Rs 6,93,000, and 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.

You can use the stamp duty and registration fee calculator for more information on fees applicable to property transactions.

Which Sub Registrar Office covers O- Block, 37th Street?

The O- Block, 37th Street is covered by 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 details.

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 value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and that all legal requirements are met during the transfer of property ownership.

Frequently asked questions

What is the current guideline value of O- Block, 37th Street?

The current guideline value of O- Block, 37th 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 6,030 per sq.ft in 2017 to Rs 9,900 per sq.ft in 2024, with various increases and decreases in the intervening years.

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 office handles the registration for O- Block, 37th Street?

The AnnaNagar Sub Registrar Office handles the registration for O- Block, 37th Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for O- Block, 37th Street?

The land classification for O- Block, 37th Street is Residential Special Type - V.