Guideline Value for AE Block 6th Street – 25’

AE Block 6th Street – 25’ guideline value

The current guideline value for AE Block 6th 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 6th Street – 25’ has changed

The guideline value for AE Block 6th Street 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, in 2017, the value dropped to Rs 7,035 per sq.ft, marking a decrease of 33%. The value then rose significantly to Rs 10,500 per sq.ft in 2023, and currently stands at Rs 11,500 per sq.ft as of the 2024 revision, reflecting a 10% increase from the previous year.

Notably, the register does not provide figures for AE Block 6th Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 15%.

Guideline values in Naduvakkarai

Naduvakkarai village has a total of 148 streets under the AnnaNagar SRO, with the 2024 guideline values ranging from Rs 3,300 to Rs 15,900 per sq.ft. The median value is Rs 11,500 per sq.ft, which is the same as the guideline value for AE Block 6th Street – 25’.

• AE Block 5th Street – 25’: Rs 11,500 per sq.ft (2024)
• AE Block 7th Street – 25’: Rs 11,500 per sq.ft (2024)
• AE Block 4th 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 8th Street – 25’: Rs 11,500 per sq.ft (2024)
• AE Block 3rd Street – 25’: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in AE Block 6th 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 cost to Rs 10,35,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers AE Block 6th Street – 25’?

The AE Block 6th Street – 25’ is covered by 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 when buying or selling property in Naduvakkarai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

Buyers and sellers should be aware that the guideline value may differ from the actual sale price of the property. The stamp duty is calculated based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of AE Block 6th Street – 25’?

The current guideline value of AE Block 6th 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 the same guideline value?

Other streets in Naduvakkarai with the same guideline value of Rs 11,500 per sq.ft include AE Block 5th Street, AE Block 7th Street, AE Block 4th Street, AE Block 8th Street, and AE Block 3rd Street.

What is the registration office for AE Block 6th Street – 25’?

The registration office for AE Block 6th Street – 25’ is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 1,15,00,000, the stamp duty would be calculated on this amount if it is higher than the sale price.