Guideline Value for AE- Block, 10th Main Road 2266 to 2271, Shops 2772, 3362

AE- Block, 10th Main Road 2266 to 2271, Shops 2772, 3362 guideline value

The current guideline value for AE- Block, 10th Main Road 2266 to 2271, Shops 2772, 3362 is Rs 12,600 per sq.ft, effective from 1 July 2024. This property is located in Naduvakkarai village and falls under the AnnaNagar SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of AE- Block, 10th Main Road 2266 to 2271, Shops 2772, 3362 has changed

Since the 2007 revision, the guideline value has seen a steady increase. In 2007, the value was Rs 11,000 per sq.ft, which then increased to Rs 11,500 per sq.ft in 2012. However, it saw a decline to Rs 7,705 per sq.ft in 2017. Following this, the value surged to Rs 11,500 per sq.ft in 2023, marking a significant increase of 49% from 2017. The most recent revision in 2024 has set the guideline value at Rs 12,600 per sq.ft, reflecting a 10% increase from the previous year.

Notably, the revisions for the years 2002 and 2003 do not have any figures recorded for this street. Overall, from 2007 to 2024, the guideline value has increased by 15%.

Guideline values in Naduvakkarai

In Naduvakkarai, there are 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 in this area is Rs 11,500 per sq.ft, and the 2024 figure for AE- Block, 10th Main Road 2266 to 2271, Shops 2772, 3362 is above this median.

• AE- Block, 11th Main Road 2245 to 2251, 2251A, 2252, 3362H, 3362I: Rs 12,600 per sq.ft (2024)
• AE Block 1st Street – 25’: Rs 11,500 per sq.ft (2024)
• AE- Block, 2nd Avenue C-28 to C-34, Post Office: Rs 15,900 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 Avenue 78 to 86 (MIG Flats) 2264, 2266, 2267A, 2267B: Rs 15,900 per sq.ft (2024)

Stamp duty and registration fee for property in AE- Block, 10th Main Road 2266 to 2271, Shops 2772, 3362

For a 1,000 sq.ft plot at the current rate of Rs 12,600 per sq.ft, the guideline value amounts to Rs 1,26,00,000. The stamp duty at 7% would be Rs 8,82,000, and the registration fee at 2% would be Rs 2,52,000, totaling Rs 11,34,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers AE- Block, 10th Main Road 2266 to 2271, Shops 2772, 3362?

The Sub Registrar Office that covers this property 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 is used as a basis for calculating the stamp duty and registration fees when buying or selling property in Naduvakkarai. It is essential for both buyers and sellers to be aware of this value as it directly impacts the costs involved in the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is taken into account for calculating the applicable duties and fees. This ensures that the government receives the correct amount based on the property's value.

Frequently asked questions

What is the current guideline value for AE- Block, 10th Main Road 2266 to 2271, Shops 2772, 3362?

The current guideline value for AE- Block, 10th Main Road 2266 to 2271, Shops 2772, 3362 is Rs 12,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 11,000 per sq.ft in 2007 to Rs 12,600 per sq.ft in 2024, reflecting an overall increase of 15% over this period.

What is the land classification for this area?

The land classification for AE- Block, 10th Main Road 2266 to 2271, Shops 2772, 3362 is Residential Special Type - I.

Where can I find the Sub Registrar Office for this property?

The Sub Registrar Office for this property is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for this property?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For a property valued at Rs 1,26,00,000, the stamp duty at 7% would be Rs 8,82,000.