Guideline Value for AD- Block, 4th Avenue 2322 to 2331

AD- Block, 4th Avenue 2322 to 2331 guideline value

The current guideline value for AD- Block, 4th Avenue 2322 to 2331 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, classified as Commercial Class I Type - I.

How the guideline value of AD- Block, 4th Avenue 2322 to 2331 has changed

Over the years, the guideline value for AD- Block, 4th Avenue 2322 to 2331 has seen several revisions. The 2017 revision set the value at Rs 9,715 per sq.ft, which was a significant decrease of 33% from Rs 14,500 per sq.ft in the 2012 revision. Following this, the 2023 revision increased the value to Rs 14,500 per sq.ft, and the current 2024 revision has further increased it to Rs 15,900 per sq.ft, marking a 10% increase from the previous year.

In summary, the guideline value has changed from Rs 9,715 per sq.ft in 2017 to Rs 15,900 per sq.ft in 2024, which represents an overall increase of 49% from 2017 to 2023 and an 18% increase from 2007 to 2024. The register has no figures 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 that carry a 2024 guideline value 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 AD- Block, 4th Avenue 2322 to 2331 above the 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)
• AE Block 3rd Street – 25’: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in AD- Block, 4th Avenue 2322 to 2331

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, and the registration fee at 2% would be Rs 3,18,000, totaling Rs 14,31,000. It is important to note that the 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 detailed calculations.

Which Sub Registrar Office covers AD- Block, 4th Avenue 2322 to 2331?

The Sub Registrar Office that covers AD- Block, 4th Avenue 2322 to 2331 is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Naduvakkarai

The guideline value plays a crucial role in the registration process when buying or selling property in Naduvakkarai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When a buyer purchases a property, the guideline value is considered alongside the sale price. The higher of the two amounts is used to calculate the applicable stamp duty and registration fees, which are essential for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value for AD- Block, 4th Avenue 2322 to 2331?

The current guideline value for AD- Block, 4th Avenue 2322 to 2331 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 9,715 per sq.ft in 2017 to Rs 15,900 per sq.ft in 2024, with significant increases in 2023 and 2024 revisions.

What is the median guideline value in Naduvakkarai?

The median guideline value for the 148 streets in Naduvakkarai is Rs 11,500 per sq.ft, with AD- Block, 4th Avenue 2322 to 2331 being above this median.

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 and registration fees would amount to Rs 14,31,000, based on the guideline value of Rs 1,59,00,000.

Where can I find the Sub Registrar Office for this property?

The AnnaNagar Sub Registrar Office covers AD- Block, 4th Avenue 2322 to 2331, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.