Guideline Value for AF- Block, 2nd Avenue C-35 to C- 44

AF- Block, 2nd Avenue C-35 to C- 44 guideline value

The current guideline value for AF- Block, 2nd Avenue C-35 to C- 44 is Rs 15,900 per sq.ft, effective from 1 July 2024. This property is located in Naduvakkarai village and falls under the AnnaNagar SRO, classified as Commercial Class I Type - I.

How the guideline value of AF- Block, 2nd Avenue C-35 to C- 44 has changed

The guideline value for this street has seen several revisions over the years. In 2007, the value was Rs 13,500 per sq.ft, which increased to Rs 14,500 per sq.ft in 2012. However, it dropped to Rs 9,715 per sq.ft in 2017. Following this decline, the value surged to Rs 14,500 per sq.ft in 2023, and the latest revision in 2024 set it at Rs 15,900 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, the value increased by 49%, while the change from 2012 to 2017 was a decrease of 33%. The increase from 2007 to 2012 was 7%. Overall, from 2007 to 2024, the guideline value has risen by 18%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Naduvakkarai

Naduvakkarai village 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, placing the guideline value of AF- Block, 2nd Avenue C-35 to C- 44 above this median.

• AF Block 2nd Street – 30’: Rs 11,500 per sq.ft (2024)
• AF Block 1st Street – 30’: Rs 11,500 per sq.ft (2024)
• AF Block 3rd Street – 30’: Rs 11,500 per sq.ft (2024)
• AF Block 4th Street – 30’: Rs 11,500 per sq.ft (2024)
• AE Block 8th Street – 25’: Rs 11,500 per sq.ft (2024)
• AF Block 5th Street – 30’: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in AF- Block, 2nd Avenue C-35 to C- 44

For a 1,000 sq.ft plot at the current guideline value of Rs 15,900 per sq.ft, the total guideline value amounts to Rs 1,59,00,000. The stamp duty at 7% would be Rs 11,13,000, and the registration fee at 2% would be Rs 3,18,000, totaling Rs 14,31,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers AF- Block, 2nd Avenue C-35 to C- 44?

The AF- Block, 2nd Avenue C-35 to C- 44 falls under 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 is a crucial factor in property transactions in Naduvakkarai, as it determines the minimum value at which properties can be registered. Buyers and sellers must be aware that the guideline value is used for calculating stamp duty and registration fees during the transaction process.

When registering a property, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for AF- Block, 2nd Avenue C-35 to C- 44?

The current guideline value for AF- Block, 2nd Avenue C-35 to C- 44 is Rs 15,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 13,500 per sq.ft in 2007 to Rs 15,900 per sq.ft in 2024, with various revisions in between that saw increases and decreases.

What is the median guideline value in Naduvakkarai?

The median guideline value for streets in Naduvakkarai is Rs 11,500 per sq.ft, placing AF- Block, 2nd Avenue C-35 to C- 44 above this median.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, these fees total Rs 14,31,000.

Where can I find the Sub Registrar Office for this property?

The Sub Registrar Office for AF- Block, 2nd Avenue C-35 to C- 44 is the AnnaNagar SRO, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.