Guideline Value for AE Block 7th Street – 25’

AE Block 7th Street – 25’ guideline value

The current guideline value for AE Block 7th 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 7th Street – 25’ has changed

The guideline value for AE Block 7th Street – 25’ has seen several revisions over the years. The earliest available figure is from 2007, which was Rs 10,000 per sq.ft. This increased to Rs 10,500 per sq.ft in 2012, representing a 5% rise. However, the value then decreased significantly to Rs 7,035 per sq.ft in 2017, marking a decline of 33%. Following this, the value surged to Rs 10,500 per sq.ft in 2023, a notable increase of 49%. The most recent revision in 2024 set the guideline value at Rs 11,500 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for AE Block 7th Street – 25’.

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 guideline value for these streets is Rs 11,500 per sq.ft, which is equal to the current guideline value of AE Block 7th Street – 25’.

• AE Block 6th Street – 25’: Rs 11,500 per sq.ft (2024)
• AE Block 5th Street – 25’: Rs 11,500 per sq.ft (2024)
• AE Block 8th Street – 25’: Rs 11,500 per sq.ft (2024)
• AE Block 4th 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 7th 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, totaling 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 information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers AE Block 7th Street – 25’?

The Sub Registrar Office that covers AE Block 7th Street – 25’ 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 Naduvakkarai

The guideline value is a crucial factor during property registration in Naduvakkarai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers and sellers must ensure that the sale price is not lower than the guideline value to avoid penalties.

When registering a property, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that all transactions are conducted transparently and in accordance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value for AE Block 7th Street – 25’?

The current guideline value for AE Block 7th 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 for AE Block 7th Street – 25’ has changed from Rs 10,000 per sq.ft in 2007 to Rs 11,500 per sq.ft in 2024, with various increases and decreases in between.

What is the land classification for AE Block 7th Street – 25’?

The land classification for AE Block 7th Street – 25’ is Residential Special Type - II.

Where can I find the Sub Registrar Office for AE Block 7th Street – 25’?

The Sub Registrar Office for AE Block 7th Street – 25’ is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in Naduvakkarai?

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 at 7% would be Rs 8,05,000.