Guideline Value for AH Block 3rd Street 30’

AH Block 3rd Street 30’ guideline value

The current guideline value for AH Block 3rd Street 30’ is Rs 11,500 per sq.ft, effective from 1 July 2024. This street is located in Naduvakkarai village and falls under the AnnaNagar SRO with a land classification of Residential Special Type - II.

How the guideline value of AH Block 3rd Street 30’ has changed

The guideline value for AH Block 3rd Street 30’ has seen several changes over the years. In the 2007 revision, the value was Rs 10,000 per sq.ft, which increased to Rs 10,500 per sq.ft in the 2012 revision. However, it decreased to Rs 7,035 per sq.ft in the 2017 revision. The value then rose significantly to Rs 10,500 per sq.ft in the 2023 revision, and the current value is Rs 11,500 per sq.ft as per the 2024 revision.

In terms of percentage changes, the value increased by 5% from 2007 to 2012, decreased by 33% from 2012 to 2017, and saw a substantial increase of 49% from 2017 to 2023. The most recent revision 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 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, which is the same as the current guideline value for AH Block 3rd Street 30’.

• AH Block 2nd Street –25’(Dead End): Rs 11,500 per sq.ft (2024)
• AH Block 1st 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 3rd Street 30’

For a property measuring 1,000 sq.ft 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, totaling Rs 10,35,000. It is important to note that stamp duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers AH Block 3rd Street 30’?

The AH Block 3rd Street 30’ falls under the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office).

To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Naduvakkarai. It serves as a benchmark for determining the stamp duty and registration fees applicable during the registration process. Buyers and sellers must consider this value to ensure compliance with the legal requirements for property transactions.

When a property is registered, the guideline value is used to calculate the stamp duty, which is charged at a percentage of the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of AH Block 3rd Street 30’?

The current guideline value of AH Block 3rd Street 30’ 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, reflecting various increases and decreases over the years.

What is the land classification for AH Block 3rd Street 30’?

AH Block 3rd Street 30’ is classified as Residential Special Type - II.

Where can I find the registration office for AH Block 3rd Street 30’?

The registration office for AH Block 3rd Street 30’ 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 for properties in Naduvakkarai is calculated based on the guideline value or the sale price, whichever is higher, at a rate of 7%.