Guideline Value for AH Block 4th Street 30’

AH Block 4th Street 30’ guideline value

The current guideline value for AH Block 4th Street 30’ is Rs 11,500 per sq.ft, effective from 1 July 2024. This property is located in Naduvakkarai village and falls under the AnnaNagar SRO, classified as Residential Special Type - II.

How the guideline value of AH Block 4th Street 30’ has changed

The guideline value for AH Block 4th Street 30’ has seen several revisions over the years. In 2007, the guideline value was Rs 10,000 per sq.ft. It increased to Rs 10,500 per sq.ft in 2012, marking a 5% increase. However, from 2012 to 2017, the value decreased to Rs 7,035 per sq.ft, which is a decline of 33%. After this drop, the value rose significantly to Rs 10,500 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 set the value at Rs 11,500 per sq.ft, showing 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 a total of 148 streets under the AnnaNagar SRO, with 2024 guideline values 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, which matches the guideline value of AH Block 4th Street 30’.

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

Stamp duty and registration fee for property in AH Block 4th 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 would be 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 the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers AH Block 4th Street 30’?

The AH Block 4th 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). You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of properties in Naduvakkarai. When a property is bought or sold, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction.

Buyers and sellers must be aware that the guideline value is the minimum value set by the government for property transactions. It ensures that the registration process is transparent and that the appropriate taxes are collected based on the established values.

Frequently asked questions

What is the current guideline value of AH Block 4th Street 30’?

The current guideline value of AH Block 4th 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 an overall increase of 15%. Notable changes include a drop to Rs 7,035 per sq.ft in 2017 and a rise to Rs 10,500 per sq.ft in 2023.

What is the land classification for AH Block 4th Street 30’?

AH Block 4th Street 30’ is classified as Residential Special Type - II, indicating its suitability for residential purposes.

Where can I find the registration office for AH Block 4th Street 30’?

The registration office for AH Block 4th Street 30’ is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How are stamp duty and registration fees calculated for properties?

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 at the current guideline value, the total fees would amount to Rs 10,35,000.