Guideline Value for AG Block 3rd Street – 30’ (Dead End)

AG Block 3rd Street – 30’ (Dead End) guideline value

The current guideline value of AG Block 3rd Street – 30’ (Dead End) in Naduvakkarai village is Rs 11,500 per sq.ft, effective from 1 July 2024. This street falls under the AnnaNagar SRO and is classified as Residential Special Type - II.

How the guideline value of AG Block 3rd Street – 30’ (Dead End) has changed

The guideline value for AG Block 3rd Street has seen several revisions over the years. In the 2017 revision, the value was Rs 7,035 per sq.ft. This increased significantly to Rs 10,500 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 set the value at Rs 11,500 per sq.ft, reflecting a 10% increase from the previous year.

Prior to the 2017 revision, the 2012 guideline value was Rs 10,500 per sq.ft, which represented a decrease of 33% from the 2007 figure of Rs 10,000 per sq.ft. The register does not contain 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 the same as the current guideline value for AG Block 3rd Street.

• AG Block 2nd Street – 25’ (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 3rd Street – 30’ (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 amount to 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 3rd Street – 30’ (Dead End)?

The AG Block 3rd Street – 30’ (Dead End) falls under the jurisdiction of 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 plays a crucial role in the registration process when buying or selling property in Naduvakkarai. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the higher of the guideline value or the sale price.

When a property is registered, the buyer must pay the applicable stamp duty and registration fees as per the guideline value. This ensures that the transaction is officially recorded and that the necessary taxes are collected by the government.

Frequently asked questions

What is the current guideline value of AG Block 3rd Street – 30’ (Dead End)?

The current guideline value of AG Block 3rd Street – 30’ (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 7,035 per sq.ft in 2017 to Rs 10,500 per sq.ft in 2023, and currently to Rs 11,500 per sq.ft in 2024.

What are the other streets in Naduvakkarai with similar guideline values?

Other streets in Naduvakkarai include AG Block 2nd Street – 25’ (Dead End) at Rs 11,500 per sq.ft, AF Block 7th Street – 30’ at Rs 11,500 per sq.ft, and AF Block 6th Street – 30’ at Rs 11,500 per sq.ft.

What is the registration fee for a property in AG Block 3rd Street?

The registration fee for a property in AG Block 3rd Street is calculated at 2% of the guideline value, along with a stamp duty of 7%.

Which office handles the registration for AG Block 3rd Street?

The AnnaNagar Sub Registrar Office handles the registration for AG Block 3rd Street – 30’ (Dead End), located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.