Guideline Value for AF Block 8th Street – 30’

AF Block 8th Street – 30’ guideline value

The current guideline value of AF Block 8th Street – 30’ is Rs 11,000 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 Class I Type - II.

How the guideline value of AF Block 8th Street – 30’ has changed

Over the years, the guideline value for AF Block 8th Street – 30’ has seen several revisions. The 2007 revision set the value at Rs 10,000 per sq.ft, which remained unchanged until the 2012 revision, where it also stayed at Rs 10,000 per sq.ft. However, in 2017, the value dropped to Rs 6,700 per sq.ft, a decrease of 33%. The subsequent revisions saw a significant increase, with the 2023 revision raising it to Rs 10,000 per sq.ft, and the latest 2024 revision increasing it further to Rs 11,000 per sq.ft, marking a 10% rise from the previous year.

In summary, the guideline value has changed from Rs 10,000 per sq.ft in 2007 to Rs 11,000 per sq.ft in 2024, reflecting an overall increase of 10%. The revisions for 2002 and 2003 do not have any figures recorded for this street in the register.

Guideline values in Naduvakkarai

Naduvakkarai village has a total of 148 streets under the AnnaNagar SRO that carry a 2024 guideline value 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, indicating that AF Block 8th Street's 2024 figure is below this median.

• AF Block 7th Street – 30’: Rs 11,500 per sq.ft (2024)
• AF Block 6th Street – 30’: Rs 11,500 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 8th Street – 30’

For a 1,000 sq.ft plot at the current guideline value of Rs 11,000 per sq.ft, the total guideline value would be Rs 1,10,00,000. The stamp duty at 7% would amount to Rs 7,70,000, while the registration fee at 2% would be Rs 2,20,000, bringing the total fees together to Rs 9,90,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers AF Block 8th Street – 30’?

The Sub Registrar Office that covers AF Block 8th Street – 30’ is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near Nolambur Eb Office. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Naduvakkarai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is reflected accurately in the official records.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for AF Block 8th Street – 30’?

The current guideline value for AF Block 8th Street – 30’ is Rs 11,000 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 11,000 per sq.ft in 2024. Notably, it dropped to Rs 6,700 per sq.ft in 2017 before rising again in subsequent revisions.

What is the land classification for AF Block 8th Street – 30’?

The land classification for AF Block 8th Street – 30’ is Residential Class I Type - II. This classification is important for understanding the usage and potential development of the land.

What are the stamp duty rates for property in AF Block 8th Street – 30’?

The stamp duty rate for property in AF Block 8th Street – 30’ is 7%. This is applied to the higher of the guideline value or the sale price during registration.

Where is the Sub Registrar Office located for AF Block 8th Street – 30’?

The Sub Registrar Office covering AF Block 8th Street – 30’ is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near Nolambur Eb Office.