Guideline Value for AF Block 5th Street – 30’

AF Block 5th Street – 30’ guideline value

The current guideline value of AF Block 5th 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 5th Street – 30’ has changed

The guideline value for AF Block 5th Street has seen several revisions over the years. In 2007, the value was Rs 10,000 per sq.ft. This increased to Rs 10,500 per sq.ft in 2012, reflecting a 5% rise. However, between 2012 and 2017, the value decreased by 33% to Rs 7,035 per sq.ft. The value then rose significantly to Rs 10,500 per sq.ft in 2023, marking a 49% increase. The latest revision in 2024 has set the guideline value at Rs 11,500 per sq.ft, which is a 10% increase from the previous year.

The register has no figure for AF Block 5th Street in 2002 and 2003. 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 guideline value for these streets is Rs 11,500 per sq.ft, which is the same as the current guideline value for AF Block 5th Street – 30’.

• AF Block 4th Street – 30’: Rs 11,500 per sq.ft (2024)
• AF Block 6th Street – 30’: Rs 11,500 per sq.ft (2024)
• AF- Block, 4th Avenue 87 to 97 MIG Flats: Rs 15,900 per sq.ft (2024)
• AF Block 7th Street – 30’: Rs 11,500 per sq.ft (2024)
• AF Block 8th Street – 30’: Rs 11,000 per sq.ft (2024)
• AF Block 3rd Street – 30’: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in AF Block 5th 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, resulting in a total of Rs 10,35,000. Please note that the 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 more details.

Which Sub Registrar Office covers AF Block 5th Street – 30’?

The Sub Registrar Office that covers AF Block 5th Street – 30’ is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. To find your SRO, click here.

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

The guideline value plays a crucial role in the registration of property transactions in Naduvakkarai. It serves as a benchmark for determining the minimum value of a property, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value is considered during the registration process. If the sale price is higher than the guideline value, the stamp duty is calculated on the sale price instead.

Frequently asked questions

What is the current guideline value of AF Block 5th Street – 30’?

The current guideline value of AF Block 5th 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 a 15% increase over the years.

What is the land classification for AF Block 5th Street – 30’?

AF Block 5th 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 5th Street – 30’ is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value is Rs 1,15,00,000, leading to specific fees based on this value.