Guideline Value for AF- Block, 11th Main Road 2198 to 2202, 2202A, 2203, 3362W, 3362X

AF- Block, 11th Main Road 2198 to 2202, 2202A, 2203, 3362W, 3362X guideline value

The current guideline value for AF- Block, 11th Main Road 2198 to 2202, 2202A, 2203, 3362W, 3362X is Rs 12,600 per sq.ft, effective from 1 July 2024. This property is located in Naduvakkarai village and falls under the AnnaNagar SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of AF- Block, 11th Main Road 2198 to 2202, 2202A, 2203, 3362W, 3362X has changed

Over the years, the guideline value for AF- Block, 11th Main Road has seen significant changes. The 2017 revision recorded a guideline value of Rs 7,705 per sq.ft, which was an increase of 49% from the previous revision in 2012, where the value was Rs 11,500 per sq.ft. The 2023 revision set the value at Rs 11,500 per sq.ft, and the most recent revision in 2024 raised it to Rs 12,600 per sq.ft, marking a 10% increase.

The 2007 revision had a guideline value of Rs 11,000 per sq.ft, which increased by 5% to Rs 11,500 per sq.ft in 2012. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Naduvakkarai

Naduvakkarai village has a range of guideline values across its 148 streets under the AnnaNagar SRO, with the 2024 figures ranging from Rs 3,300 to Rs 15,900 per sq.ft. The median guideline value in this area is Rs 11,500 per sq.ft, placing the 2024 figure for AF- Block, 11th Main Road above this median.

• AE Block 8th Street – 25’: Rs 11,500 per sq.ft (2024)
• AF Block 1st Street – 30’: Rs 11,500 per sq.ft (2024)
• AE Block 7th Street – 25’: Rs 11,500 per sq.ft (2024)
• AF- Block, 2nd Avenue C-35 to C- 44: Rs 15,900 per sq.ft (2024)
• AE Block 6th Street – 25’: Rs 11,500 per sq.ft (2024)
• AF Block 2nd Street – 30’: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in AF- Block, 11th Main Road 2198 to 2202, 2202A, 2203, 3362W, 3362X

For a 1,000 sq.ft plot at the current guideline value of Rs 12,600 per sq.ft, the total guideline value amounts to Rs 1,26,00,000. The stamp duty at 7% would be Rs 8,82,000, and the registration fee at 2% would be Rs 2,52,000, leading to a total of Rs 11,34,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers AF- Block, 11th Main Road 2198 to 2202, 2202A, 2203, 3362W, 3362X?

The Sub Registrar Office covering AF- Block, 11th Main Road 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 an essential factor during the registration of property transactions in Naduvakkarai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in this area.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value for AF- Block, 11th Main Road?

The current guideline value for AF- Block, 11th Main Road 2198 to 2202, 2202A, 2203, 3362W, 3362X is Rs 12,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 7,705 per sq.ft in 2017 to Rs 11,500 per sq.ft in 2023, and it has now increased to Rs 12,600 per sq.ft in 2024. The increase from 2023 to 2024 is 10%.

What is the land classification for this area?

The land classification for AF- Block, 11th Main Road is Residential Special Type - I. This classification is important for understanding the zoning and usage regulations in the area.

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

For a property valued at Rs 1,26,00,000, the stamp duty would be Rs 8,82,000, and the registration fee would be Rs 2,52,000, totaling Rs 11,34,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles the registration of properties in this area?

The AnnaNagar Sub Registrar Office handles the registration of properties in AF- Block, 11th Main Road. It is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.