Guideline Value for AE BLOCK 8TH STREET

Ae Block 8th Street guideline value

The current guideline value of Ae Block 8th Street in Koyakbedu village is Rs 12,600 per sq.ft, effective from 1 July 2024. This street falls under the AnnaNagar SRO and is classified as Residential Special Type - I.

How the guideline value of Ae Block 8th Street has changed

The guideline value for Ae Block 8th Street has seen significant changes over the years. The 2017 revision set the value at Rs 7,705 per sq.ft, which increased to Rs 11,500 per sq.ft in the 2023 revision, marking a 49% rise. The most recent 2024 revision has further increased the guideline value to Rs 12,600 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has risen by 64%. It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Koyakbedu

Koyakbedu village has a total of 270 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,200 to Rs 16,500 per sq.ft in 2024. The median guideline value for these streets is Rs 4,400 per sq.ft, placing Ae Block 8th Street's 2024 figure above this median.

• Adhi sankaran street ( H block) Annanagar: Rs 3,300 per sq.ft (2024)
• Abhinav Manav Garden: Rs 3,300 per sq.ft (2024)
• A.K.R.Road: Rs 3,300 per sq.ft (2024)
• Alli Street , Brindavan Nagar: Rs 3,300 per sq.ft (2024)
• Amman Koil Street: Rs 3,300 per sq.ft (2024)
• Angamuthu Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Ae Block 8th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 12,600 per sq.ft, the total guideline value amounts to Rs 1,26,00,000. The stamp duty, charged at 7%, would be Rs 8,82,000, and the registration fee at 2% would be Rs 2,52,000, bringing the total to Rs 11,34,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Ae Block 8th Street?

The Sub Registrar Office that covers Ae Block 8th Street 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 Koyakbedu

The guideline value is a crucial factor in the registration process when buying or selling property in Koyakbedu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that transactions are transparent and that the property is valued fairly according to the established guidelines.

Frequently asked questions

What is the current guideline value of Ae Block 8th Street?

The current guideline value of Ae Block 8th Street is Rs 12,600 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 7,705 per sq.ft to Rs 12,600 per sq.ft in 2024, marking an overall increase of 64%.

What is the land classification for Ae Block 8th Street?

Ae Block 8th Street is classified as Residential Special Type - I under the AnnaNagar SRO.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 1,26,00,000, the stamp duty would be Rs 8,82,000 and the registration fee would be Rs 2,52,000, totaling Rs 11,34,000.

Where is the Sub Registrar Office for Ae Block 8th Street located?

The AnnaNagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.