Guideline Value for AB- Block, 2nd Avenue 894, 4894 to 4907

AB- Block, 2nd Avenue 894, 4894 to 4907 guideline value

The current guideline value for AB- Block, 2nd Avenue 894, 4894 to 4907 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. The land classification for this area is Commercial Class I Type - I.

How the guideline value of AB- Block, 2nd Avenue 894, 4894 to 4907 has changed

The guideline value for AB- Block, 2nd Avenue has seen several revisions over the years. In 2007, the guideline value was Rs 13,500 per sq.ft. This figure increased to Rs 14,500 per sq.ft in 2012, marking a 7% rise. However, in 2017, the value dropped to Rs 9,715 per sq.ft, a decrease of 33%. The value then rose significantly to Rs 14,500 per sq.ft in 2023, reflecting a 49% increase. The latest revision in 2024 has set the guideline value at Rs 15,900 per sq.ft, which is a 10% increase from the previous year.

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

Guideline values in Naduvakkarai

Naduvakkarai village has a total of 148 streets under the AnnaNagar SRO, with guideline values ranging from Rs 3,300 to Rs 15,900 per sq.ft. The median guideline value in this area is Rs 11,500 per sq.ft, placing the guideline value of AB- Block, 2nd Avenue above this median.

• AB- Block, 3rd Main Road 4829, 4893, 5132, 5132A, 5133, 5134: Rs 12,600 per sq.ft (2024)
• AB- Block, 4th Avenue 33 to 43, MIG Flats: Rs 15,900 per sq.ft (2024)
• AB- Block, 6th Main Road 4814, 4830 to 4835, 4878, 4906: Rs 12,600 per sq.ft (2024)
• AA- Block, 4th Avenue 23 to 32, 4698 MIG Flats: Rs 15,900 per sq.ft (2024)
• AA- Block, 3rd Main Road 471, 4713, 4747, 4748, 4774, 4799: Rs 12,600 per sq.ft (2024)
• AA- Block, 3rd Avenue 4686 to 4698: Rs 15,900 per sq.ft (2024)

Stamp duty and registration fee for property in AB- Block, 2nd Avenue 894, 4894 to 4907

For a 1,000 sq.ft plot at the current guideline value of Rs 15,900 per sq.ft, the total 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. Please 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 details.

Which Sub Registrar Office covers AB- Block, 2nd Avenue 894, 4894 to 4907?

The AB- Block, 2nd Avenue 894, 4894 to 4907 property 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 information.

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

The guideline value plays a crucial role in property transactions in Naduvakkarai. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for AB- Block, 2nd Avenue 894, 4894 to 4907?

The current guideline value for AB- Block, 2nd Avenue 894, 4894 to 4907 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, showing an overall increase of 18% over the years.

What is the land classification for this property?

The land classification for AB- Block, 2nd Avenue 894, 4894 to 4907 is Commercial Class I Type - I.

What are the other streets in Naduvakkarai with their guideline values?

Other streets in Naduvakkarai have varying guideline values. For instance, AB- Block, 3rd Main Road is Rs 12,600 per sq.ft, while AB- Block, 4th Avenue is also Rs 15,900 per sq.ft.

Where is the AnnaNagar Sub Registrar Office located?

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