Guideline Value for AE Block 5th Street – 25’

AE Block 5th Street – 25’ guideline value

The current guideline value of AE Block 5th 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, classified as Residential Special Type - II.

How the guideline value of AE Block 5th Street – 25’ has changed

The guideline value for AE Block 5th Street has seen several revisions over the years. In 2007, the value was Rs 10,000 per sq.ft. This increased to Rs 10,500 per sq.ft in 2012, but then dropped to Rs 7,035 per sq.ft in 2017. From 2017 to 2023, the value rose significantly to Rs 10,500 per sq.ft, and the most recent revision in 2024 set it at Rs 11,500 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 15%. It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Naduvakkarai

Naduvakkarai has a total of 148 streets under the AnnaNagar SRO, with guideline values ranging from Rs 3,300 to Rs 15,900 per sq.ft. The median guideline value for these streets is Rs 11,500 per sq.ft, which matches the current value for AE Block 5th Street – 25’.

• AE Block 4th Street – 25’: Rs 11,500 per sq.ft (2024)
• AE Block 6th 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 7th Street – 25’: Rs 11,500 per sq.ft (2024)
• AE Block 3rd Street – 25’: Rs 11,500 per sq.ft (2024)
• AE Block 2nd Street – 25’: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in AE Block 5th 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, and the registration fee at 2% would be Rs 2,30,000, bringing the total 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 more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers AE Block 5th Street – 25’?

The AE Block 5th Street – 25’ falls under the jurisdiction of 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 information.

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

The guideline value is a crucial factor in the registration process for buying or selling property in Naduvakkarai. It serves as the basis for calculating the stamp duty and registration fees, which are mandatory at the time of property registration.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal purposes. This value helps maintain transparency in property transactions within the region.

Frequently asked questions

What is the current guideline value for AE Block 5th Street – 25’?

The current guideline value for AE Block 5th 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, reflecting an overall increase of 15% over the years.

What are the other streets in Naduvakkarai with similar guideline values?

Several other streets in Naduvakkarai have a guideline value of Rs 11,500 per sq.ft, including AE Block 4th Street, AE Block 6th Street, AE Block 7th Street, AE Block 3rd Street, and AE Block 2nd Street.

What is the registration fee for properties in AE Block 5th Street – 25’?

The registration fee for properties in AE Block 5th Street – 25’ is calculated based on the guideline value, which is currently Rs 11,500 per sq.ft. The fee is 2% of the guideline value.

Where can I find the Sub Registrar Office for AE Block 5th Street – 25’?

The Sub Registrar Office covering AE Block 5th Street – 25’ is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.