Guideline Value for AF Block 6th Street – 30’

AF Block 6th Street – 30’ guideline value

The current guideline value of AF Block 6th 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. The land classification for this area is Residential Special Type - II.

How the guideline value of AF Block 6th Street – 30’ has changed

The guideline value for AF Block 6th Street – 30’ has seen several revisions over the years. The earliest recorded revision was in 2007, where the guideline value was Rs 10,000 per sq.ft. This increased to Rs 10,500 per sq.ft in 2012, but then decreased to Rs 7,035 per sq.ft by 2017. Following this, the value rose significantly to Rs 10,500 per sq.ft in 2023, and currently stands at Rs 11,500 per sq.ft as per the 2024 revision. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, there was a notable increase of 49%. The value increased by 10% from 2023 to 2024. In contrast, there was a decrease of 33% from 2012 to 2017, and a modest increase of 5% from 2007 to 2012. 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 matches the current value of AF Block 6th Street – 30’.

• AF Block 5th Street – 30’: Rs 11,500 per sq.ft (2024)
• AF Block 7th Street – 30’: Rs 11,500 per sq.ft (2024)
• AF Block 4th Street – 30’: Rs 11,500 per sq.ft (2024)
• AF Block 8th Street – 30’: Rs 11,000 per sq.ft (2024)
• AF- Block, 4th Avenue 87 to 97 MIG Flats: Rs 15,900 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 6th 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, bringing the total 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 use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers AF Block 6th Street – 30’?

The Sub Registrar Office that covers AF Block 6th 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, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Naduvakkarai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are essential components of the registration process. Buyers must be aware of the guideline value to ensure compliance with legal requirements and to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of AF Block 6th Street – 30’?

The current guideline value of AF Block 6th 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 multiple times, starting from Rs 10,000 per sq.ft in 2007, rising to Rs 10,500 in 2012, then decreasing to Rs 7,035 in 2017, and increasing to Rs 10,500 in 2023 before reaching Rs 11,500 in 2024.

What is the land classification for AF Block 6th Street – 30’?

The land classification for AF Block 6th Street – 30’ is Residential Special Type - II.

What are the stamp duty and registration fees for property in this area?

For a 1,000 sq.ft plot, the total guideline value is Rs 1,15,00,000, with stamp duty at 7% amounting to Rs 8,05,000 and registration fees at 2% totaling Rs 2,30,000, resulting in a combined total of Rs 10,35,000.

Where is the Sub Registrar Office for AF Block 6th Street – 30’ located?

The Sub Registrar Office for AF Block 6th Street – 30’ is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.