Guideline Value for AH Block 1st Street – 30’

AH Block 1st Street – 30’ guideline value

The current guideline value for AH Block 1st Street – 30’ is Rs 11,500 per sq.ft. This street is located in Naduvakkarai village, under the AnnaNagar SRO, and is classified as Residential Special Type - II.

How the guideline value of AH Block 1st Street – 30’ has changed

The guideline value for AH Block 1st Street – 30’ has seen several revisions over the years. The earliest recorded revision is from 2007, where the guideline value was Rs 10,000 per sq.ft. This increased to Rs 10,500 per sq.ft in 2012, but then dropped to Rs 7,035 per sq.ft in 2017. Following this decline, the value rose significantly to Rs 10,500 per sq.ft in 2023, and currently stands at Rs 11,500 per sq.ft as of the 2024 revision.

In terms of percentage changes, the guideline value increased by 5% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then saw a remarkable increase of 49% from 2017 to 2023. The most recent change from 2023 to 2024 reflects a 10% increase. 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 guideline values 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, which is the same as the current guideline value for AH Block 1st Street – 30’.

• AH Block 2nd Street –25’(Dead End): Rs 11,500 per sq.ft (2024)
• AH Block 3rd Street 30’: Rs 11,500 per sq.ft (2024)
• AH- Block 4th Avenue 10 to 22, (Shanthi Colony) MIG Flats, 2459A, Shops: Rs 15,900 per sq.ft (2024)
• AH Block 4th Street 30’: Rs 11,500 per sq.ft (2024)
• AH Block 5th Street 30’: Rs 11,500 per sq.ft (2024)
• AI Block 1st Street – 25’: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in AH Block 1st Street – 30’

For a 1,000 sq.ft plot at the current guideline value of Rs 11,500 per sq.ft, the total guideline value amounts to 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, leading to a total of Rs 10,35,000 for these fees. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers AH Block 1st Street – 30’?

The Sub Registrar Office that covers AH Block 1st Street – 30’ is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). For more information, you can find your SRO.

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

When buying or selling property in Naduvakkarai, the guideline value plays a crucial role in determining the stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the transaction is appropriately recorded and taxed.

It is essential for buyers and sellers to be aware of the current guideline value, as it can significantly impact the overall cost of property transactions. This value is regularly updated by the Registration Department to reflect changes in the real estate landscape.

Frequently asked questions

What is the current guideline value for AH Block 1st Street – 30’?

The current guideline value for AH Block 1st Street – 30’ is Rs 11,500 per sq.ft as per the 2024 revision.

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 increases and decreases in between.

What is the land classification for AH Block 1st Street – 30’?

AH Block 1st Street – 30’ is classified as Residential Special Type - II.

Where can I find the Sub Registrar Office for AH Block 1st Street – 30’?

The Sub Registrar Office for AH Block 1st Street – 30’ is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total guideline value is Rs 1,15,00,000.