Guideline Value for AD- Block, 2nd Avenue C-21 to C-27

AD- Block, 2nd Avenue C-21 to C-27 guideline value

The current guideline value for AD- Block, 2nd Avenue C-21 to C-27 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 AD- Block, 2nd Avenue C-21 to C-27 has changed

Over the years, the guideline value for AD- Block, 2nd Avenue C-21 to C-27 has seen several revisions. The 2007 revision set the value at Rs 13,500 per sq.ft, which increased to Rs 14,500 per sq.ft in 2012. However, this value decreased to Rs 9,715 per sq.ft in 2017. Following this, the guideline value rose significantly to Rs 14,500 per sq.ft in 2023, and the latest revision in 2024 has set it at Rs 15,900 per sq.ft. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, there was a notable increase of 49%, while the value rose by 10% from 2023 to 2024. The change from 2012 to 2017 saw a decrease of 33%, and from 2007 to 2012, there was a slight increase of 7%. 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 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 AD- Block, 2nd Avenue C-21 to C-27 above this median.

• AD-Block 10th Main Road 2314, 2314A, 2315, 2321, 3349, 3350: Rs 12,600 per sq.ft (2024)
• AD Block 5th Street: Rs 11,500 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)

Stamp duty and registration fee for property in AD- Block, 2nd Avenue C-21 to C-27

For a 1,000 sq.ft plot at the current guideline value of Rs 15,900 per sq.ft, the total guideline value would be Rs 1,59,00,000. The stamp duty at 7% would amount to Rs 11,13,000, while the registration fee at 2% would be Rs 3,18,000. Together, these fees would total Rs 14,31,000. 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 AD- Block, 2nd Avenue C-21 to C-27?

The Sub Registrar Office that covers AD- Block, 2nd Avenue C-21 to C-27 is 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 is an important factor when buying or selling property in Naduvakkarai. It serves as a benchmark for determining the minimum value at which property transactions 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 within the region.

Frequently asked questions

What is the current guideline value of AD- Block, 2nd Avenue C-21 to C-27?

The current guideline value for AD- Block, 2nd Avenue C-21 to C-27 is Rs 15,900 per sq.ft, effective from 1 July 2024.

What was the guideline value in previous years?

The guideline values for previous years are as follows: Rs 14,500 per sq.ft in 2023, Rs 9,715 per sq.ft in 2017, Rs 14,500 per sq.ft in 2012, and Rs 13,500 per sq.ft in 2007.

How much has the guideline value changed recently?

Recently, the guideline value increased by 10% from Rs 14,500 per sq.ft in 2023 to Rs 15,900 per sq.ft in 2024. There was also a 49% increase from 2017 to 2023.

What is the median guideline value in Naduvakkarai?

The median guideline value in Naduvakkarai for the year 2024 is Rs 11,500 per sq.ft, with AD- Block, 2nd Avenue C-21 to C-27 being above this median.

Where can I find the Sub Registrar Office for AD- Block, 2nd Avenue C-21 to C-27?

The Sub Registrar Office for AD- Block, 2nd Avenue C-21 to C-27 is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.