Guideline Value

Corporate

Guideline Value for AC- Block, 4th Avenue 44 to 53, 4951 to 4953 MIG Flats

₹15900/sq.ft.

The guideline value for Ac- Block, 4th Avenue 44 To 53, 4951 To 4953 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 Ac- Block, 4th Avenue 44 To 53, 4951 To 4953 Mig Flats

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AC- Block, 4th Avenue 44 to 53, 4951 to 4953 MIG Flats guideline value

The current guideline value for AC- Block, 4th Avenue 44 to 53, 4951 to 4953 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 is classified as Commercial Class I Type - I.

How the guideline value of AC- Block, 4th Avenue 44 to 53, 4951 to 4953 MIG Flats has changed

The guideline value for this property has seen 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, followed by a decrease to Rs 9,715 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value to Rs 14,500 per sq.ft. The latest revision in 2024 set the guideline value at Rs 15,900 per sq.ft, reflecting a 10% increase from the previous year.

The register has no figure for this street for the years 2002 and 2003.

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 guideline value in the village is Rs 11,500 per sq.ft, which means that the guideline value for AC- Block, 4th Avenue 44 to 53, 4951 to 4953 MIG Flats is above the median.

Stamp duty and registration fee for property in AC- Block, 4th Avenue 44 to 53, 4951 to 4953 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, making the total cost for these fees Rs 14,31,000. 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 AC- Block, 4th Avenue 44 to 53, 4951 to 4953 MIG Flats?

The AC- Block, 4th Avenue 44 to 53, 4951 to 4953 MIG Flats falls under the jurisdiction of 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 property transactions in Naduvakkarai. It serves as a benchmark for determining the minimum value at which a property can be registered. When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable stamp duty and registration fees.

Buyers and sellers should be aware that the guideline value can influence the overall cost of a transaction. It is essential to consult the latest guidelines to ensure compliance with registration requirements and to accurately assess the financial implications of a property sale or purchase.

Frequently asked questions

What is the current guideline value for AC- Block, 4th Avenue 44 to 53, 4951 to 4953 MIG Flats?

The current guideline value for AC- Block, 4th Avenue 44 to 53, 4951 to 4953 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 AC- Block, 4th Avenue 44 to 53, 4951 to 4953 MIG Flats is Commercial Class I Type - I.

Which Sub Registrar Office covers this area?

The AnnaNagar Sub Registrar Office covers AC- Block, 4th Avenue 44 to 53, 4951 to 4953 MIG Flats, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in Naduvakkarai?

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