Guideline Value for AF Block 1st Street – 30’

AF Block 1st Street – 30’ guideline value

The current guideline value for AF Block 1st Street – 30’ 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, classified as Residential Special Type - II.

How the guideline value of AF Block 1st Street – 30’ has changed

The guideline value for AF Block 1st Street has undergone 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, marking a 5% rise. However, from 2012 to 2017, there was a significant decrease of 33%, bringing the value down to Rs 7,035 per sq.ft. This was followed by a substantial increase of 49% from 2017 to 2023, raising the value to Rs 10,500 per sq.ft. The most recent revision in 2024 saw another increase of 10%, bringing the current guideline value to Rs 11,500 per sq.ft.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. 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 equal to the current guideline value of AF Block 1st Street – 30’.

• AF Block 2nd Street – 30’: Rs 11,500 per sq.ft (2024)
• AE Block 8th Street – 25’: Rs 11,500 per sq.ft (2024)
• AF Block 3rd Street – 30’: Rs 11,500 per sq.ft (2024)
• AE Block 7th Street – 25’: Rs 11,500 per sq.ft (2024)
• AE Block 6th Street – 25’: Rs 11,500 per sq.ft (2024)
• AF Block 4th Street – 30’: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in AF Block 1st Street – 30’

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, charged at 7%, would be Rs 8,05,000, while the registration fee at 2% would be Rs 2,30,000, bringing the total fees to 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.

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

Which Sub Registrar Office covers AF Block 1st Street – 30’?

The Sub Registrar Office that covers AF Block 1st Street – 30’ is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). For more details, you can find your SRO.

How the guideline value is used when you buy or sell in Naduvakkarai

The guideline value is a crucial factor when registering a property in Naduvakkarai. It determines the minimum value at which a property can be registered and is used to calculate stamp duty and registration fees. Buyers and sellers should be aware of the current guideline value to ensure compliance with legal requirements during the transaction.

When a property is sold, the guideline value serves as a benchmark for taxation purposes. It is important to note that the registration office will use the higher of the guideline value or the sale price to calculate the applicable duties and fees.

Frequently asked questions

What is the current guideline value for AF Block 1st Street – 30’?

The current guideline value for AF Block 1st Street – 30’ 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 this period.

What is the land classification for AF Block 1st Street – 30’?

AF Block 1st Street – 30’ is classified as Residential Special Type - II.

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

The Sub Registrar Office for AF Block 1st Street – 30’ is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is 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 AF Block 1st Street – 30’, the stamp duty is 7% of the guideline value.