Guideline Value for AE Block 3rd Street – 25’

AE Block 3rd Street – 25’ guideline value

The current guideline value for AE Block 3rd Street – 25’ is Rs 11,500 per sq.ft, effective from 1 July 2024. This street is located in Naduvakkarai village and falls under the AnnaNagar SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of AE Block 3rd Street – 25’ has changed

The guideline value for AE Block 3rd Street – 25’ has seen several revisions over the years. In 2007, the value was Rs 10,000 per sq.ft, which increased to Rs 10,500 per sq.ft in 2012. However, it then decreased to Rs 7,035 per sq.ft in 2017. Following this, the value rose significantly to Rs 10,500 per sq.ft in 2023, and currently stands at Rs 11,500 per sq.ft from the 2024 revision.

Specifically, the change from 2017 to 2023 was a notable increase of 49%. The value increased by 10% from 2023 to 2024. The overall change from 2007 to 2024 reflects a 15% increase. It is important to note that the register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Naduvakkarai

Naduvakkarai has a range of guideline values across its 148 streets under the AnnaNagar SRO. The 2024 figures range from Rs 3,300 to Rs 15,900 per sq.ft, with the median value being Rs 11,500 per sq.ft. AE Block 3rd Street – 25’ aligns with this median value at Rs 11,500 per sq.ft.

• AE Block 2nd Street – 25’: Rs 11,500 per sq.ft (2024)
• AE- Block, 4th Avenue 78 to 86 (MIG Flats) 2264, 2266, 2267A, 2267B: Rs 15,900 per sq.ft (2024)
• AE- Block, 2nd Avenue C-28 to C-34, Post Office: Rs 15,900 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 1st Street – 25’: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in AE Block 3rd 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 amounts to Rs 1,15,00,000. The stamp duty at 7% would be Rs 8,05,000, and the registration fee at 2% would be Rs 2,30,000, bringing the total fees to Rs 10,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers AE Block 3rd Street – 25’?

The Sub Registrar Office that covers AE Block 3rd Street – 25’ is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By 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 plays a crucial role during property transactions in Naduvakkarai. It is used to determine the stamp duty and registration fees that are applicable when a property is bought or sold. The fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, buyers must ensure that they are aware of the current guideline value to avoid any discrepancies in the registration process. This ensures a smooth transaction and compliance with local regulations.

Frequently asked questions

What is the current guideline value for AE Block 3rd Street – 25’?

The current guideline value for AE Block 3rd 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 from Rs 10,000 per sq.ft in 2007 to Rs 11,500 per sq.ft in 2024, showing an overall increase of 15% over the years.

What is the land classification for AE Block 3rd Street – 25’?

The land classification for AE Block 3rd Street – 25’ is Residential Special Type - II.

Where is the Sub Registrar Office located?

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 properties in AE Block 3rd Street – 25’?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty would be Rs 8,05,000.