Guideline Value for AD- Block, 5th Avenue 2331 to 2338, 3335, 3662 East, Chennai 102

AD- Block, 5th Avenue 2331 to 2338, 3335, 3662 East, Chennai 102 guideline value

The current guideline value for AD- Block, 5th Avenue 2331 to 2338, 3335, 3662 East, Chennai 102 is Rs 14,800 per sq.ft, effective from 1 July 2024. This property is located in Naduvakkarai village under the AnnaNagar SRO and is classified as Mixed Type - I land.

How the guideline value of AD- Block, 5th Avenue 2331 to 2338, 3335, 3662 East, Chennai 102 has changed

Over the years, the guideline value for this area has seen several revisions. In 2007, the value was Rs 13,500 per sq.ft. This figure remained unchanged through the 2012 revision, which also recorded Rs 13,500 per sq.ft. However, in 2017, there was a significant decrease to Rs 9,045 per sq.ft. The value then increased sharply to Rs 13,500 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the guideline value at Rs 14,800 per sq.ft, reflecting a 10% increase from the previous year.

The register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 10%.

Guideline values in Naduvakkarai

Naduvakkarai has a total of 148 streets under the AnnaNagar SRO, with 2024 guideline values ranging from Rs 3,300 to Rs 15,900 per sq.ft. The median guideline value for the village is Rs 11,500 per sq.ft, placing the 2024 figure for this street above the median.

• AD- Block, 4th Avenue 2322 to 2331: Rs 15,900 per sq.ft (2024)
• AD Block 5th Street: Rs 11,500 per sq.ft (2024)
• AD- Block, 2nd Avenue C-21 to C-27: 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)
• AC- Block, 6th Main Road 4942, 4973, 4974, 4995, 4996,5021: Rs 12,600 per sq.ft (2024)
• AC- Block, 5th Avenue 4924, 4943 to 4951: Rs 14,800 per sq.ft (2024)

Stamp duty and registration fee for property in AD- Block, 5th Avenue 2331 to 2338, 3335, 3662 East, Chennai 102

For a 1,000 sq.ft plot at the current rate of Rs 14,800 per sq.ft, the guideline value amounts to Rs 1,48,00,000. The stamp duty at 7% would be Rs 10,36,000, while the registration fee at 2% would be Rs 2,96,000, bringing the total to Rs 13,32,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers AD- Block, 5th Avenue 2331 to 2338, 3335, 3662 East, Chennai 102?

The Sub Registrar Office that covers this area 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 details.

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

The guideline value is a crucial factor during property registration in Naduvakkarai. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling a property, the guideline value serves as a reference point for both parties. It is essential to be aware of the current guideline value to ensure compliance with legal and financial obligations during the transaction.

Frequently asked questions

What is the current guideline value for AD- Block, 5th Avenue?

The current guideline value for AD- Block, 5th Avenue 2331 to 2338, 3335, 3662 East, Chennai 102 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% from 2007 to 2024.

What is the stamp duty for properties in this area?

The stamp duty for properties in AD- Block, 5th Avenue is 7% of the guideline value or sale price, whichever is higher.

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

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

What is the land classification for this property?

The land classification for AD- Block, 5th Avenue is Mixed Type - I, which indicates the type of land use permitted in this area.