Guideline Value for AE- Block, 2nd Avenue C-28 to C-34, Post Office

AE- Block, 2nd Avenue C-28 to C-34, Post Office guideline value

The current guideline value for AE- Block, 2nd Avenue C-28 to C-34, Post Office is Rs 15,900 per sq.ft, effective from 1 July 2024. This property is located in Naduvakkarai village and falls under the AnnaNagar SRO with a land classification of Commercial Class I Type - I.

How the guideline value of AE- Block, 2nd Avenue C-28 to C-34, Post Office has changed

The guideline value for this street has undergone several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 13,500 per sq.ft. This increased to Rs 14,500 per sq.ft in 2012, but then saw a significant decrease to Rs 9,715 per sq.ft in 2017. However, from 2017 to 2023, the value rose sharply by 49% to reach Rs 14,500 per sq.ft, and the most recent revision in 2024 set the guideline value at Rs 15,900 per sq.ft, reflecting a 10% increase from the previous year.

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 18%.

Guideline values in Naduvakkarai

Naduvakkarai 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 guideline value for the village is Rs 11,500 per sq.ft, placing AE- Block, 2nd Avenue C-28 to C-34, Post Office above this median.

• AE Block 2nd Street – 25’: Rs 11,500 per sq.ft (2024)
• AE Block 1st Street – 25’: Rs 11,500 per sq.ft (2024)
• AE Block 3rd Street – 25’: Rs 11,500 per sq.ft (2024)
• AE Block 4th Street – 25’: Rs 11,500 per sq.ft (2024)
• AE Block 5th Street – 25’: Rs 11,500 per sq.ft (2024)
• AE Block 6th Street – 25’: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in AE- Block, 2nd Avenue C-28 to C-34, Post Office

For a 1,000 sq.ft plot at the current rate of Rs 15,900 per sq.ft, the guideline value amounts to Rs 1,59,00,000. The stamp duty at 7% would be Rs 11,13,000, and the registration fee at 2% would be Rs 3,18,000, totaling Rs 14,31,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers AE- Block, 2nd Avenue C-28 to C-34, Post Office?

The AE- Block, 2nd Avenue C-28 to C-34, Post Office 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 online.

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 property transactions in Naduvakkarai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value must be considered as it can affect the overall costs involved in the transaction. Buyers should be aware that the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value for AE- Block, 2nd Avenue C-28 to C-34, Post Office?

The current guideline value for AE- Block, 2nd Avenue C-28 to C-34, Post Office is Rs 15,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 13,500 per sq.ft in 2007 to Rs 15,900 per sq.ft in 2024, reflecting an overall increase of 18% over the years.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions is charged at 7% of the guideline value or sale price, whichever is higher.

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

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

What is the median guideline value in Naduvakkarai?

The median guideline value in Naduvakkarai is Rs 11,500 per sq.ft, with AE- Block, 2nd Avenue C-28 to C-34, Post Office being above this median at Rs 15,900 per sq.ft.