Guideline Value for Z BLOCK 13TH MAIN ROAD

Z Block 13th Main Road guideline value

The current guideline value of Z Block 13th Main Road in Koyakbedu village, under the AnnaNagar SRO, is Rs 13,100 per sq.ft, effective from 1 July 2024. This area falls under the Mixed Type - I land classification.

How the guideline value of Z Block 13th Main Road has changed

The guideline value for Z Block 13th Main Road has seen significant changes over the years. In the 2017 revision, the value was Rs 8,040 per sq.ft, which increased to Rs 12,000 per sq.ft in the 2023 revision, marking a 49% increase. The most recent revision in 2024 set the value at Rs 13,100 per sq.ft, reflecting a 9% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 63%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Koyakbedu

Koyakbedu has a total of 270 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,200 to Rs 16,500 per sq.ft as of 2024. The median value for these streets is Rs 4,400 per sq.ft, placing the 2024 value of Z Block 13th Main Road above the median.

• 2nd Avenue: Rs 15,900 per sq.ft (2024)
• 4th Avenue: Rs 15,900 per sq.ft (2024)
• Yamuna Street: Rs 3,300 per sq.ft (2024)
• Yadhaval Street: Rs 3,300 per sq.ft (2024)
• West Mada Street: Rs 3,300 per sq.ft (2024)
• Vivekananda Street (H Block): Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Z Block 13th Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 13,100 per sq.ft, the total guideline value amounts to Rs 1,31,00,000. The stamp duty at 7% would be Rs 9,17,000, and the registration fee at 2% would be Rs 2,62,000, totaling Rs 11,79,000. 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 our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Z Block 13th Main Road?

The Sub Registrar Office that covers Z Block 13th Main Road 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 Koyakbedu

The guideline value is a critical factor in the registration process when buying or selling property in Koyakbedu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When you register a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the correct revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Z Block 13th Main Road?

The current guideline value of Z Block 13th Main Road is Rs 13,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 8,040 per sq.ft to Rs 13,100 per sq.ft in 2024, which is a total increase of 63% over this period.

What is the land classification for Z Block 13th Main Road?

Z Block 13th Main Road is classified as Mixed Type - I, which indicates the type of land use permitted in this area.

Where can I find the Sub Registrar Office for Koyakbedu?

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

How is the stamp duty calculated for properties in Koyakbedu?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 1,31,00,000, the stamp duty at 7% would be Rs 9,17,000.