Guideline Value for AF Block 2nd Street – 30’

AF Block 2nd Street – 30’ guideline value

The current guideline value of AF Block 2nd Street – 30’ is Rs 11,500 per sq.ft, effective from 1 July 2024. This street is located in Naduvakkarai village under the AnnaNagar SRO, and it falls under the land classification of Residential Special Type - II.

How the guideline value of AF Block 2nd Street – 30’ has changed

The guideline value for AF Block 2nd 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. However, it then saw a decrease to Rs 7,035 per sq.ft in 2017. Following this, the value rose significantly to Rs 10,500 per sq.ft in 2023, and it has now reached Rs 11,500 per sq.ft in the 2024 revision. The register has no figure for this street for the years 2002 and 2003.

Between the revisions, there were notable changes. From 2017 to 2023, the guideline value increased by 49%. The 2012 to 2017 period saw a decrease of 33%, while the value increased by 5% from 2007 to 2012. Overall, from 2007 to 2024, the guideline value has increased by 15%.

Guideline values in Naduvakkarai

Naduvakkarai village has 148 streets under the AnnaNagar SRO, with a 2024 guideline value range 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 guideline value of AF Block 2nd Street – 30’.

• AF Block 1st Street – 30’: Rs 11,500 per sq.ft (2024)
• AF Block 3rd Street – 30’: Rs 11,500 per sq.ft (2024)
• AF Block 4th Street – 30’: Rs 11,500 per sq.ft (2024)
• AF Block 5th Street – 30’: Rs 11,500 per sq.ft (2024)
• AF Block 6th Street – 30’: Rs 11,500 per sq.ft (2024)
• AE Block 8th Street – 25’: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in AF Block 2nd 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 at 7% would be Rs 8,05,000, and the registration fee at 2% would be Rs 2,30,000, bringing the total costs together 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 the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers AF Block 2nd Street – 30’?

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

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

The guideline value plays a crucial role in the registration process when buying or selling property in Naduvakkarai. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that both parties are aware of the costs involved.

When a property is sold, the buyer and seller must refer to the guideline value to ascertain the applicable fees. This value is essential for legal documentation and compliance with local regulations during the property transfer process.

Frequently asked questions

What is the current guideline value of AF Block 2nd Street – 30’?

The current guideline value of AF Block 2nd 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, with various revisions in between. Notably, it saw a significant increase of 49% from 2017 to 2023.

What are the other streets in Naduvakkarai with the same guideline value?

Other streets in Naduvakkarai with the same guideline value of Rs 11,500 per sq.ft include AF Block 1st Street, AF Block 3rd Street, AF Block 4th Street, AF Block 5th Street, and AF Block 6th Street.

How is stamp duty calculated for properties in AF Block 2nd Street – 30’?

Stamp duty for properties in AF Block 2nd Street – 30’ is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.

Where can I find the Sub Registrar Office for AF Block 2nd Street – 30’?

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