Guideline Value for AB- Block, 4th Avenue 33 to 43, MIG Flats

AB- Block, 4th Avenue 33 to 43, MIG Flats guideline value

The current guideline value for AB- Block, 4th Avenue 33 to 43, MIG Flats is Rs 15,900 per sq.ft, effective from 1 July 2024. This property is located in Naduvakkarai village under the AnnaNagar SRO and falls under the Commercial Class I Type - I land classification.

How the guideline value of AB- Block, 4th Avenue 33 to 43, MIG Flats has changed

The guideline value for this property has seen several revisions over the years. The 2017 revision set the value at Rs 9,715 per sq.ft, which was an increase of 49% from the previous 2012 revision of Rs 14,500 per sq.ft. However, the 2012 revision marked a decrease of 33% from the 2007 revision, which was Rs 13,500 per sq.ft. The 2023 revision raised the value to Rs 14,500 per sq.ft, and the latest 2024 revision has increased it further by 10% to Rs 15,900 per sq.ft.

There are no figures available for the years 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 18%.

Guideline values in Naduvakkarai

Naduvakkarai village has 148 streets under the AnnaNagar SRO, with a 2024 guideline value range from Rs 3,300 to Rs 15,900 per sq.ft. The median value for these streets is Rs 11,500 per sq.ft, placing AB- Block, 4th Avenue 33 to 43, MIG Flats above the median.

• AB- Block, 3rd Main Road 4829, 4893, 5132, 5132A, 5133, 5134: Rs 12,600 per sq.ft (2024)
• AB- Block, 6th Main Road 4814, 4830 to 4835, 4878, 4906: Rs 12,600 per sq.ft (2024)
• AB- Block, 2nd Avenue 894, 4894 to 4907: Rs 15,900 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, 4th Avenue 33 to 43, MIG Flats

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, bringing the total to Rs 14,31,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers AB- Block, 4th Avenue 33 to 43, MIG Flats?

The Sub Registrar Office that covers AB- Block, 4th Avenue 33 to 43, MIG Flats is 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 the registration process when buying or selling property in Naduvakkarai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When registering a property, buyers must ensure that the sale price is either equal to or higher than the guideline value. This ensures that the appropriate fees are calculated based on the higher amount, safeguarding the interests of the state and the buyer.

Frequently asked questions

What is the current guideline value for AB- Block, 4th Avenue 33 to 43, MIG Flats?

The current guideline value for AB- Block, 4th Avenue 33 to 43, 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 increased from Rs 9,715 per sq.ft in 2017 to Rs 15,900 per sq.ft in 2024, reflecting an overall increase of 18% since 2007.

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 11,13,000, and the registration fee would be Rs 3,18,000, totaling Rs 14,31,000.

Which office handles the registration for this property?

The registration for AB- Block, 4th Avenue 33 to 43, MIG Flats is handled by the AnnaNagar Sub Registrar Office located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the median guideline value in Naduvakkarai?

The median guideline value in Naduvakkarai is Rs 11,500 per sq.ft, with AB- Block, 4th Avenue 33 to 43, MIG Flats being above this median at Rs 15,900 per sq.ft.