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

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

The current guideline value of AH Block 2nd Street –25’(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 AH Block 2nd Street –25’(Dead End) has changed

In the 2007 revision, the guideline value was Rs 10,000 per sq.ft. This increased to Rs 10,500 per sq.ft in the 2012 revision, marking a 5% rise. However, in the 2017 revision, the value decreased to Rs 7,035 per sq.ft, a significant drop of 33%. The value then rose to Rs 10,500 per sq.ft in the 2023 revision, reflecting a 49% increase. The current value of Rs 11,500 per sq.ft in the 2024 revision represents a 10% increase from the previous year.

It is important to note that the register has no 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 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 is Rs 11,500 per sq.ft, which is the same as the current value for AH Block 2nd Street –25’(Dead End).

• AH Block 1st Street – 30’: 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 2nd Street –25’(Dead End)

For a 1,000 sq.ft plot at the current rate, the guideline value is 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 guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers AH Block 2nd Street –25’(Dead End)?

The AH Block 2nd Street –25’(Dead End) is covered by the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions in Naduvakkarai. It determines the minimum price at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees. Buyers and sellers must consider this value when negotiating the sale price of a property.

When a property is sold, the registration office uses the guideline value to calculate the applicable stamp duty and registration fees. This ensures transparency in property transactions and helps prevent undervaluation of properties.

Frequently asked questions

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

The current guideline value of AH 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, representing an overall increase of 15% over the years.

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

AH Block 2nd Street –25’(Dead End) is classified as Residential Special Type - II.

Where is the AnnaNagar Sub Registrar Office located?

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

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.