Guideline Value for AG- Block, 3rd Avenue L1 to L4, M1 to M2, 2434G, H3127C-C, River View colony

AG- Block, 3rd Avenue L1 to L4, M1 to M2, 2434G, H3127C-C, River View colony guideline value

The current guideline value for AG- Block, 3rd Avenue L1 to L4, M1 to M2, 2434G, H3127C-C, River View colony 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. The land classification is Commercial Class I Type - I.

How the guideline value of AG- Block, 3rd Avenue L1 to L4, M1 to M2, 2434G, H3127C-C, River View colony has changed

The guideline value for this property has undergone several revisions over the years. The 2007 revision set the value at Rs 13,500 per sq.ft. This increased to Rs 14,500 per sq.ft in the 2012 revision, marking a 7% rise. However, in the 2017 revision, the value dropped significantly to Rs 9,715 per sq.ft, reflecting a decrease of 33%. Following this, the 2023 revision saw a substantial increase to Rs 14,500 per sq.ft, and the most recent 2024 revision raised it further to Rs 15,900 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 18%. The register does not contain figures for the years 2002 and 2003 for this street.

Guideline values in Naduvakkarai

In Naduvakkarai village, there are 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, placing AG- Block, 3rd Avenue L1 to L4, M1 to M2, 2434G, H3127C-C, River View colony above this median.

• AG Block 2nd Street – 25’ (Dead End): Rs 11,500 per sq.ft (2024)
• 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)

Stamp duty and registration fee for property in AG- Block, 3rd Avenue L1 to L4, M1 to M2, 2434G, H3127C-C, River View colony

For a 1,000 sq.ft plot at the current guideline value of Rs 15,900 per sq.ft, the total guideline value would be Rs 1,59,00,000. The stamp duty at 7% would amount to Rs 11,13,000, while the registration fee at 2% would be Rs 3,18,000, bringing the total fees to Rs 14,31,000. It is important to note that the 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 AG- Block, 3rd Avenue L1 to L4, M1 to M2, 2434G, H3127C-C, River View colony?

The Sub Registrar Office that covers this property 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 details.

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

The guideline value is an essential factor during the registration process of property transactions in Naduvakkarai. It serves as a reference point for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the buyer must pay the applicable stamp duty 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 AG- Block, 3rd Avenue L1 to L4, M1 to M2, 2434G, H3127C-C, River View colony?

The current guideline value for AG- Block, 3rd Avenue L1 to L4, M1 to M2, 2434G, H3127C-C, River View colony 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 seen several revisions, with the 2024 revision at Rs 15,900 per sq.ft, up from Rs 14,500 per sq.ft in 2023, which was a 10% increase. The value has fluctuated significantly over the years, with the lowest recorded in 2017 at Rs 9,715 per sq.ft.

What are the other streets with guideline values in Naduvakkarai?

In Naduvakkarai, other streets include AG Block 2nd Street at Rs 11,500 per sq.ft, AG Block 3rd Street at Rs 11,500 per sq.ft, and several others, with values ranging from Rs 11,000 to Rs 11,500 per sq.ft.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions in this area is 7% of the guideline value or sale price, whichever is higher. This is an important cost to consider when buying property.

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

The Sub Registrar Office for AG- Block, 3rd Avenue L1 to L4, M1 to M2, 2434G, H3127C-C, River View colony is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.