Guideline Value for AF Block 7th Street – 30’

AF Block 7th Street – 30’ guideline value

The current guideline value of AF Block 7th 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 7th Street – 30’ has changed

The guideline value for AF Block 7th Street – 30’ has seen several revisions over the years. The earliest recorded figure is from 2007, which was Rs 10,000 per sq.ft. This was followed by a revision in 2012, where the value increased to Rs 10,500 per sq.ft. However, in 2017, the value saw a significant drop to Rs 7,035 per sq.ft, marking a decrease of 33%. The value then rose to Rs 10,500 per sq.ft in 2023, and currently stands at Rs 11,500 per sq.ft from the 2024 revision, reflecting a 10% increase from the previous year.

There are no recorded figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 15%.

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 guideline value for AF Block 7th Street – 30’.

• AF Block 6th Street – 30’: Rs 11,500 per sq.ft (2024)
• AF Block 8th Street – 30’: Rs 11,000 per sq.ft (2024)
• AF Block 5th Street – 30’: Rs 11,500 per sq.ft (2024)
• AF Block 4th 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 3rd Street – 30’: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in AF Block 7th Street – 30’

For a 1,000 sq.ft plot at the current rate, the guideline value is 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, totaling Rs 10,35,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers AF Block 7th Street – 30’?

The Sub Registrar Office that covers AF Block 7th Street – 30’ is 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 information.

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

The guideline value is a critical factor when buying or selling property in Naduvakkarai, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees payable during the transaction.

When a property is sold, the buyer and seller must ensure that the sale price is at least equal to the guideline value. If the sale price is lower than the guideline value, the higher amount will be used for calculating the applicable duties and fees.

Frequently asked questions

What is the current guideline value of AF Block 7th Street – 30’?

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

What is the stamp duty for property in AF Block 7th Street – 30’?

The stamp duty for property in AF Block 7th Street – 30’ is 7% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the stamp duty would amount to Rs 8,05,000 based on the current guideline value.

Which Sub Registrar Office covers AF Block 7th Street – 30’?

The AnnaNagar Sub Registrar Office covers AF Block 7th Street – 30’. It is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for AF Block 7th Street – 30’?

The land classification for AF Block 7th Street – 30’ is Residential Special Type - II, indicating its designated use within the locality.