Guideline Value for AF Block 4th Street – 30’

AF Block 4th Street – 30’ guideline value

The current guideline value for AF Block 4th 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, classified as Residential Special Type - II.

How the guideline value of AF Block 4th Street – 30’ has changed

The guideline value for AF Block 4th Street – 30’ has seen several revisions over the years. The 2017 revision recorded a value of Rs 7,035 per sq.ft, which increased to Rs 10,500 per sq.ft in the 2023 revision. The latest revision in 2024 has further increased the value to Rs 11,500 per sq.ft, marking a 10% rise from the previous year.

Looking back further, the 2012 revision also had a value of Rs 10,500 per sq.ft, which was a decrease of 33% from the 2017 figure. The 2007 revision recorded a value of Rs 10,000 per sq.ft, showing a 5% increase from the previous revision. Notably, there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Naduvakkarai

Naduvakkarai has a total of 148 streets under the AnnaNagar SRO, with 2024 guideline values ranging from Rs 3,300 to Rs 15,900 per sq.ft. The median value for these streets is Rs 11,500 per sq.ft, which is the same as the current value for AF Block 4th Street – 30’.

• AF- Block, 4th Avenue 87 to 97 MIG Flats: Rs 15,900 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)
• AF Block 3rd Street – 30’: Rs 11,500 per sq.ft (2024)
• AF Block 7th Street – 30’: Rs 11,500 per sq.ft (2024)
• AF Block 2nd Street – 30’: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in AF Block 4th 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 would be Rs 1,15,00,000. The stamp duty at 7% would amount to Rs 8,05,000, and the registration fee at 2% would be Rs 2,30,000, totaling Rs 10,35,000. It is important to note that 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 further calculations.

Which Sub Registrar Office covers AF Block 4th Street – 30’?

The AF Block 4th Street – 30’ falls under the jurisdiction of 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 is a crucial factor in the registration process for property transactions in Naduvakkarai. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at a value that reflects the current market conditions as set by the Registration Department. This helps maintain transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value for AF Block 4th Street – 30’?

The current guideline value for AF Block 4th 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 7,035 per sq.ft in 2017 to Rs 10,500 per sq.ft in 2023, and then to Rs 11,500 per sq.ft in 2024. This reflects an overall increase of 15% from the 2007 revision.

What is the land classification for AF Block 4th Street – 30’?

AF Block 4th Street – 30’ is classified as Residential Special Type - II, indicating its designation for residential purposes within the locality.

Where can I find the registration office for this property?

The registration office covering AF Block 4th 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 guideline value or the sale price, whichever is higher. For example, a property valued at Rs 1,15,00,000 would incur a stamp duty of Rs 8,05,000 at the rate of 7%.