Guideline Value for AE Block 2nd Street – 25’

AE Block 2nd Street – 25’ guideline value

The current guideline value for AE Block 2nd Street – 25’ is Rs 11,500 per sq.ft. This street is located in Naduvakkarai village, under the AnnaNagar SRO, and is classified as Residential Special Type - II.

How the guideline value of AE Block 2nd Street – 25’ has changed

Over the years, the guideline value of AE Block 2nd Street – 25’ has seen several revisions. The 2007 revision set the value at Rs 10,000 per sq.ft, which increased to Rs 10,500 per sq.ft in the 2012 revision. However, there was a significant decrease in the 2017 revision, where the value dropped to Rs 7,035 per sq.ft. Following this, the 2023 revision raised the value to Rs 10,500 per sq.ft, and the most recent 2024 revision has set it at Rs 11,500 per sq.ft, marking a 10% increase from the previous year.

In summary, the changes between revisions show a rise of 49% from 2017 to 2023, a decrease of 33% from 2012 to 2017, and a slight increase of 5% from 2007 to 2012. Overall, from 2007 to 2024, the guideline value has increased by 15%. 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, which is the same as the current guideline value for AE Block 2nd Street – 25’.

• 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)
• AE Block 5th Street – 25’: Rs 11,500 per sq.ft (2024)
• AE Block 6th Street – 25’: Rs 11,500 per sq.ft (2024)
• AE Block 7th Street – 25’: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in AE Block 2nd Street – 25’

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

Which Sub Registrar Office covers AE Block 2nd Street – 25’?

The AE Block 2nd Street – 25’ is covered by 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 a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When you buy or sell property in Naduvakkarai, the registration fees and stamp duty are calculated based on this guideline value or the sale price, whichever is higher.

This ensures that the government receives the appropriate revenue from property transactions. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for AE Block 2nd Street – 25’?

The current guideline value for AE Block 2nd Street – 25’ 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 over the years, with the 2024 revision showing a 10% increase from the 2023 value of Rs 10,500 per sq.ft. The value has also seen a rise of 49% from 2017 to 2023.

What is the classification of AE Block 2nd Street – 25’?

AE Block 2nd Street – 25’ is classified as Residential Special Type - II. This classification affects the guideline value and property regulations in the area.

Where can I find the AnnaNagar Sub Registrar Office?

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

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 1,15,00,000, the stamp duty at 7% would be Rs 8,05,000.