Guideline Value for AG Block 2nd Street – 25’ (Dead End)

AG Block 2nd Street – 25’ (Dead End) guideline value

The current guideline value for AG Block 2nd Street – 25’ (Dead End) in Naduvakkarai village is Rs 11,500 per sq.ft, effective from 1 July 2024. This property falls under the AnnaNagar SRO and is classified as Residential Special Type - II.

How the guideline value of AG Block 2nd Street – 25’ (Dead End) has changed

The guideline value for AG Block 2nd Street – 25’ (Dead End) has seen several revisions over the years. In 2007, the value was Rs 10,000 per sq.ft, which increased to Rs 10,500 per sq.ft in 2012. However, in 2017, it dropped to Rs 7,035 per sq.ft, marking a decrease of 33%. The value then rose significantly to Rs 10,500 per sq.ft in 2023, and further increased by 10% to the current rate of Rs 11,500 per sq.ft in 2024.

The register does not have 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 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 is Rs 11,500 per sq.ft, which is equal to the current guideline value for AG Block 2nd Street – 25’ (Dead End).

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

Stamp duty and registration fee for property in AG Block 2nd Street – 25’ (Dead End)

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 be Rs 8,05,000, and the registration fee at 2% would be Rs 2,30,000, totaling Rs 10,35,000. 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 AG Block 2nd Street – 25’ (Dead End)?

The Sub Registrar Office that covers AG Block 2nd Street – 25’ (Dead End) 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 essential in the property registration process in Naduvakkarai. When buying or selling property, the guideline value serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that these costs are calculated based on the official valuation.

It is crucial for buyers and sellers to be aware of the guideline value as it influences the overall transaction costs. This value is used to ensure transparency and compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value for AG Block 2nd Street – 25’ (Dead End)?

The current guideline value for AG Block 2nd Street – 25’ (Dead End) 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 from Rs 10,000 per sq.ft in 2007 to Rs 11,500 per sq.ft in 2024, with various revisions in between, including a drop to Rs 7,035 per sq.ft in 2017.

What is the land classification for AG Block 2nd Street – 25’ (Dead End)?

This property is classified as Residential Special Type - II, which indicates its intended use for residential purposes.

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

The Sub Registrar Office for AG Block 2nd Street – 25’ (Dead End) is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 1,15,00,000 would incur a stamp duty of Rs 8,05,000 at 7%.