Guideline Value for AE- Block, 11th Main Road 2245 to 2251, 2251A, 2252, 3362H, 3362I

AE- Block, 11th Main Road 2245 to 2251, 2251A, 2252, 3362H, 3362I guideline value

The current guideline value for AE- Block, 11th Main Road 2245 to 2251, 2251A, 2252, 3362H, 3362I 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, classified as Residential Special Type - I.

How the guideline value of AE- Block, 11th Main Road 2245 to 2251, 2251A, 2252, 3362H, 3362I has changed

The guideline value for this street has seen significant changes over the years. In 2007, the value was Rs 11,000 per sq.ft, which increased to Rs 11,500 per sq.ft in 2012. However, it then decreased to Rs 7,705 per sq.ft in 2017. The value saw a substantial rise to Rs 11,500 per sq.ft in 2023, followed by a further increase to Rs 12,600 per sq.ft in 2024, marking a 10% rise from the previous year.

Overall, from 2007 to 2024, the guideline value has risen by 15%. The revisions for the years 2002 and 2003 do not have figures for this street in the register.

Guideline values in Naduvakkarai

Naduvakkarai village has a range of guideline values across its 148 streets under the AnnaNagar SRO, with values ranging from Rs 3,300 to Rs 15,900 per sq.ft. The median guideline value is Rs 11,500 per sq.ft, placing the 2024 value for AE- Block, 11th Main Road above this median.

• AE- Block, 10th Main Road 2266 to 2271, Shops 2772, 3362: 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, 11th Main Road 2245 to 2251, 2251A, 2252, 3362H, 3362I

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, bringing the total to Rs 11,34,000. Duty is charged on the guideline value or the sale price, whichever is higher.

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

Which Sub Registrar Office covers AE- Block, 11th Main Road 2245 to 2251, 2251A, 2252, 3362H, 3362I?

The AE- Block, 11th Main Road 2245 to 2251, 2251A, 2252, 3362H, 3362I falls under 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 plays a crucial role when buying or selling property in Naduvakkarai, as it determines the minimum value at which a property can be registered. This value is essential for calculating the stamp duty and registration fees applicable during the transaction.

When a property is sold, the buyer must pay stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for AE- Block, 11th Main Road?

The current guideline value for AE- Block, 11th Main Road 2245 to 2251, 2251A, 2252, 3362H, 3362I 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, with notable fluctuations in between, including a drop to Rs 7,705 per sq.ft in 2017.

What is the classification of the land?

The land is classified as Residential Special Type - I, indicating its intended use for residential purposes.

Where can I find the registration office for this property?

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

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. The current rate is 7% for stamp duty and 2% for the registration fee.