Guideline Value for AC- Block, 5th Avenue 4924, 4943 to 4951

AC- Block, 5th Avenue 4924, 4943 to 4951 guideline value

The current guideline value for AC- Block, 5th Avenue 4924, 4943 to 4951 is Rs 14,800 per sq.ft, effective from 1 July 2024. This property is located in Naduvakkarai village, under the AnnaNagar SRO, with a land classification of Mixed Type - I.

How the guideline value of AC- Block, 5th Avenue 4924, 4943 to 4951 has changed

The guideline value for this street has seen several revisions over the years. In 2007, the value was Rs 13,500 per sq.ft, which remained unchanged until the 2012 revision, where it was still Rs 13,500 per sq.ft. The 2017 revision marked a significant increase to Rs 9,045 per sq.ft, followed by another increase to Rs 13,500 per sq.ft in 2023. The most recent revision in 2024 set the value at Rs 14,800 per sq.ft, reflecting a 10% increase from the previous year.

From 2017 to 2023, the value increased by 49%. The 2012 to 2017 revision saw a decrease of 33%. Overall, from 2007 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Naduvakkarai

Naduvakkarai 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, placing the guideline value of AC- Block, 5th Avenue above this median.

• AC- Block, 4th Avenue 44 to 53, 4951 to 4953 MIG Flats: Rs 15,900 per sq.ft (2024)
• AC- Block, 6th Main Road 4942, 4973, 4974, 4995, 4996,5021: Rs 12,600 per sq.ft (2024)
• AC- Block, 2nd Avenue 4908 to 4923: Rs 15,900 per sq.ft (2024)
• AD-Block 10th Main Road 2314, 2314A, 2315, 2321, 3349, 3350: Rs 12,600 per sq.ft (2024)
• AD- Block, 2nd Avenue C-21 to C-27: Rs 15,900 per sq.ft (2024)
• AD- Block, 4th Avenue 2322 to 2331: Rs 15,900 per sq.ft (2024)

Stamp duty and registration fee for property in AC- Block, 5th Avenue 4924, 4943 to 4951

For a 1,000 sq.ft plot at the current guideline value of Rs 14,800 per sq.ft, the total guideline value amounts to Rs 1,48,00,000. The stamp duty at 7% would be Rs 10,36,000, and the registration fee at 2% would be Rs 2,96,000, totaling Rs 13,32,000. 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 AC- Block, 5th Avenue 4924, 4943 to 4951?

The Sub Registrar Office that covers AC- Block, 5th Avenue 4924, 4943 to 4951 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 plays a crucial role in the registration process of property transactions in Naduvakkarai. It is used to determine the stamp duty and registration fees that need to be paid during the transfer of property ownership.

When a property is sold, the higher value between the guideline value and the sale price is considered for calculating these fees. 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 AC- Block, 5th Avenue 4924, 4943 to 4951?

The current guideline value for AC- Block, 5th Avenue 4924, 4943 to 4951 is Rs 14,800 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 14,800 per sq.ft in 2024, reflecting an overall increase of 10%. The most notable change occurred between 2017 and 2023, where it increased by 49%.

What is the land classification for AC- Block, 5th Avenue 4924, 4943 to 4951?

The land classification for AC- Block, 5th Avenue 4924, 4943 to 4951 is Mixed Type - I. This classification indicates the type of land use permitted in the area.

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.

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 of the property. For AC- Block, 5th Avenue, the stamp duty is 7% of the guideline value, and the registration fee is 2% of the guideline value.