Guideline Value for AD Block 5th Street

AD Block 5th Street guideline value

The current guideline value of AD Block 5th Street, Naduvakkarai village, under the AnnaNagar SRO is Rs 11,500 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - II.

How the guideline value of AD Block 5th Street has changed

Looking at the historical revisions, the guideline value for AD Block 5th Street has seen significant changes over the years. The 2007 revision set the value at Rs 10,000 per sq.ft, which increased to Rs 10,500 per sq.ft in 2012. However, this value dropped to Rs 7,035 per sq.ft in 2017. The 2023 revision marked a notable increase to Rs 10,500 per sq.ft, followed by a further rise to Rs 11,500 per sq.ft in the 2024 revision, which represents a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 15%. 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 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 for these streets is Rs 11,500 per sq.ft, which matches the current value for AD Block 5th Street.

• AD-Block 10th Main Road 2314, 2314A, 2315, 2321, 3349, 3350: Rs 12,600 per sq.ft (2024)
• AC- Block, 2nd Avenue 4908 to 4923: Rs 15,900 per sq.ft (2024)
• AE Block 1st Street – 25’: Rs 11,500 per sq.ft (2024)
• AE Block 2nd Street – 25’: Rs 11,500 per sq.ft (2024)
• AE Block 3rd Street – 25’: Rs 11,500 per sq.ft (2024)
• AE Block 4th Street – 25’: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in AD Block 5th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 11,500 per sq.ft, the total guideline value amounts to Rs 1,15,00,000. The stamp duty at 7% would be Rs 8,05,000, and the registration fee at 2% would be Rs 2,30,000, bringing the total cost for these fees to Rs 10,35,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers AD Block 5th Street?

The Sub Registrar Office that covers AD Block 5th Street 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 using this link.

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. When a property is bought or sold, the guideline value is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value to ensure that they are complying with the legal requirements during the transaction. Accurate knowledge of the guideline value helps in avoiding any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of AD Block 5th Street?

The current guideline value of AD Block 5th Street is Rs 11,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, with the value increasing from Rs 10,000 per sq.ft in 2007 to Rs 11,500 per sq.ft in 2024, marking an overall increase of 15% over the years.

What is the land classification for AD Block 5th Street?

The land classification for AD Block 5th Street is Residential Special Type - II.

Where can I find the Sub Registrar Office for AD Block 5th Street?

The Sub Registrar Office for AD Block 5th Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 10,35,000.