Guideline Value for 5th Street – 30 (Plot no 3347 only)

5th Street – 30 (Plot no 3347 only) guideline value

The current guideline value for 5th Street – 30 (Plot no 3347 only) is Rs 11,500 per sq.ft, effective from 1 July 2024. This street is located in Naduvakkarai village and falls under the AnnaNagar SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of 5th Street – 30 (Plot no 3347 only) has changed

Over the years, the guideline value for 5th Street – 30 (Plot no 3347 only) has seen several revisions. The 2017 revision set the value at Rs 7,035 per sq.ft, which was a significant increase of 49% to Rs 10,500 per sq.ft in the 2023 revision. The 2024 revision further raised the value by 10% to the current figure of Rs 11,500 per sq.ft. There are no figures available in the register for the years 2002 and 2003 for this street.

Prior to the 2017 revision, the guideline value was Rs 10,500 per sq.ft in 2012, which marked a decrease of 33% from the Rs 10,000 per sq.ft recorded in 2007. The overall change from 2007 to the 2024 revision reflects a modest increase of 15% in the guideline value.

Guideline values in Naduvakkarai

Naduvakkarai village has a total of 148 streets under the AnnaNagar SRO, with the 2024 guideline values ranging from Rs 3,300 to Rs 15,900 per sq.ft. The median value for these streets is Rs 11,500 per sq.ft, which aligns with the guideline value for 5th Street – 30 (Plot no 3347 only).

• 5th Street – 30 (Except Plot no 3347): Rs 11,500 per sq.ft (2024)
• 4TH AVENUE (New Colony): Rs 15,900 per sq.ft (2024)
• 3RD AVENUE (New Colony): Rs 15,900 per sq.ft (2024)
• Y Block 3rd Street: Rs 12,600 per sq.ft (2024)
• Y Block 1st Street: Rs 12,600 per sq.ft (2024)
• X Block Second Avenue C-45A,C46,C46A, B,C 47 C48 Ayyappa Temple Avin LIC Office, Tower Block, TNHB Office: Rs 15,900 per sq.ft (2024)

Stamp duty and registration fee for property in 5th Street – 30 (Plot no 3347 only)

For a 1,000 sq.ft plot at the current guideline value of Rs 11,500 per sq.ft, the total guideline value amounts to Rs 1,15,00,000. The stamp duty at 7% would be Rs 8,05,000, and the registration fee at 2% would be Rs 2,30,000, bringing the total fees together to Rs 10,35,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers 5th Street – 30 (Plot no 3347 only)?

The Sub Registrar Office that covers 5th Street – 30 (Plot no 3347 only) 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 details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Naduvakkarai. It determines the minimum value at which a property can be registered and affects the stamp duty and registration fees payable during the transaction.

When a property is sold, the buyer must ensure that the sale price is at least equal to the guideline value to avoid any complications during registration. The registration office will use the guideline value to calculate the applicable fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value for 5th Street – 30 (Plot no 3347 only)?

The current guideline value for 5th Street – 30 (Plot no 3347 only) is Rs 11,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 7,035 per sq.ft in 2017 to Rs 10,500 per sq.ft in 2023, and then to Rs 11,500 per sq.ft in 2024.

What is the land classification for 5th Street – 30 (Plot no 3347 only)?

The land classification for 5th Street – 30 (Plot no 3347 only) is Residential Special Type - II.

What is the stamp duty for a property in 5th Street – 30 (Plot no 3347 only)?

The stamp duty for a property in 5th Street – 30 (Plot no 3347 only) is calculated at 7% of the guideline value or sale price, whichever is higher.

Which office handles the registration for 5th Street – 30 (Plot no 3347 only)?

The AnnaNagar Sub Registrar Office handles the registration for 5th Street – 30 (Plot no 3347 only), located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.