Guideline Value for AG- Block, 4th Avenue 1 to 9 (Shanthi Colony) 2434D, F

AG- Block, 4th Avenue 1 to 9 (Shanthi Colony) 2434D, F guideline value

The current guideline value for AG- Block, 4th Avenue 1 to 9 (Shanthi Colony) 2434D, F 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, 4th Avenue 1 to 9 (Shanthi Colony) 2434D, F has changed

The guideline value for AG- Block, 4th Avenue 1 to 9 (Shanthi Colony) 2434D, F has seen several revisions over the years. In 2007, the value was Rs 13,500 per sq.ft. This increased to Rs 14,500 per sq.ft in 2012, followed by a decrease to Rs 9,715 per sq.ft in 2017. The value then rose significantly to Rs 14,500 per sq.ft in 2023, and currently stands at Rs 15,900 per sq.ft as of the 2024 revision.

Between the revisions, the changes are notable. From 2017 to 2023, there was a substantial increase of 49%. However, the period from 2012 to 2017 saw a decrease of 33%. The value increased by 7% from 2007 to 2012. Overall, from 2007 to 2024, the guideline value has increased by 18%. The register has no figure for the years 2002 and 2003 for this street.

Guideline values in Naduvakkarai

Naduvakkarai has a total of 148 streets under the AnnaNagar SRO, with the 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 AG- Block, 4th Avenue 1 to 9 (Shanthi Colony) 2434D, F above this median.

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

Stamp duty and registration fee for property in AG- Block, 4th Avenue 1 to 9 (Shanthi Colony) 2434D, F

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, resulting in a total of Rs 14,31,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers AG- Block, 4th Avenue 1 to 9 (Shanthi Colony) 2434D, F?

The Sub Registrar Office that covers AG- Block, 4th Avenue 1 to 9 (Shanthi Colony) 2434D, F 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 a crucial factor when registering property transactions in Naduvakkarai. It serves as a benchmark for determining the stamp duty and registration fees payable at the time of registration. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value is compared to the sale price, with the higher amount being used as the basis for calculating the applicable duties and fees. This ensures that the registration process is transparent and reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of AG- Block, 4th Avenue 1 to 9 (Shanthi Colony) 2434D, F?

The current guideline value is Rs 15,900 per sq.ft, effective from 1 July 2024.

What was the guideline value in 2023?

The guideline value in 2023 was Rs 14,500 per sq.ft.

How much did the guideline value increase from 2017 to 2024?

From 2017 to 2024, the guideline value increased by 18%, moving from Rs 9,715 per sq.ft to Rs 15,900 per sq.ft.

Which Sub Registrar Office is responsible for AG- Block, 4th Avenue 1 to 9 (Shanthi Colony) 2434D, F?

The responsible Sub Registrar Office is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in Naduvakkarai?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. The current rate is 7% for stamp duty and 2% for the registration fee.