Guideline Value

Corporate

Guideline Value for AA- Block, 4th Avenue 23 to 32, 4698 MIG Flats

₹15900/sq.ft.

The guideline value for Aa- Block, 4th Avenue 23 To 32, 4698 Mig Flats in Naduvakkarai village (Annanagar SRO, Chennai zone) is Rs 15900 per sq.ft, effective 1 July 2024. It was Rs 14500 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Naduvakkarai

Village

AnnaNagar

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹15900 /sq.ft.
From 1-4-2023 ₹14500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹9715 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹14500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹13500 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 ( Near By Nolambur Eb Office )
044-29561062
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Aa- Block, 4th Avenue 23 To 32, 4698 Mig Flats

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AA- Block, 4th Avenue 23 to 32, 4698 MIG Flats guideline value

The current guideline value for AA- Block, 4th Avenue 23 to 32, 4698 MIG Flats is Rs 15,900 per sq.ft, effective from 1 July 2024. This property is located in Naduvakkarai village and falls under the AnnaNagar SRO, classified as Commercial Class I Type - I.

How the guideline value of AA- Block, 4th Avenue 23 to 32, 4698 MIG Flats has changed

The guideline value for this property has undergone several revisions over the years. In 2007, the value was Rs 13,500 per sq.ft. It increased to Rs 14,500 per sq.ft in 2012, but then decreased to Rs 9,715 per sq.ft in 2017. Subsequently, the value saw a significant rise to Rs 14,500 per sq.ft in 2023, and it has now increased to Rs 15,900 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the current 2024 figure, the guideline value has increased by 18%. It is important to note that there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Naduvakkarai

Naduvakkarai village has 148 streets under the AnnaNagar SRO carrying a 2024 guideline value ranging from Rs 3,300 to Rs 15,900 per sq.ft. The median guideline value in the village is Rs 11,500 per sq.ft, placing AA- Block, 4th Avenue 23 to 32, 4698 MIG Flats above this median.

Stamp duty and registration fee for property in AA- Block, 4th Avenue 23 to 32, 4698 MIG Flats

For a 1,000 sq.ft plot at the current rate of Rs 15,900 per sq.ft, the guideline value amounts to Rs 1,59,00,000. The stamp duty at 7% would be Rs 11,13,000, and the registration fee at 2% would be Rs 3,18,000, totaling Rs 14,31,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers AA- Block, 4th Avenue 23 to 32, 4698 MIG Flats?

The AA- Block, 4th Avenue 23 to 32, 4698 MIG Flats is covered by 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 Naduvakkarai

The guideline value is a crucial factor in property transactions in Naduvakkarai. It is used to determine the stamp duty and registration fees applicable when registering a property. Buyers must be aware that the duty is charged on the higher of the guideline value and the sale price.

When selling a property, the guideline value helps establish a baseline for the transaction. It ensures that the registration process adheres to government regulations and reflects the value of the property accurately.

Frequently asked questions

What is the current guideline value for AA- Block, 4th Avenue 23 to 32, 4698 MIG Flats?

The current guideline value for AA- Block, 4th Avenue 23 to 32, 4698 MIG Flats is Rs 15,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 13,500 per sq.ft in 2007 to Rs 15,900 per sq.ft in 2024, reflecting an overall increase of 18% over the years.

What is the land classification for this property?

The land classification for AA- Block, 4th Avenue 23 to 32, 4698 MIG Flats is Commercial Class I Type - I.

Where can I find the registration office for this property?

The registration office for this property 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 Naduvakkarai?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 1,59,00,000, the stamp duty would be Rs 11,13,000 at a rate of 7%.