Guideline Value for AH Block 5th Street 30’

AH Block 5th Street 30’ guideline value

The current guideline value for AH Block 5th 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. The land classification for this area is Residential Special Type - II.

How the guideline value of AH Block 5th Street 30’ has changed

The guideline value for AH Block 5th Street 30’ has seen several revisions over the years. In 2007, the guideline value was Rs 10,000 per sq.ft. This increased to Rs 10,500 per sq.ft in 2012, followed by a decrease to Rs 7,035 per sq.ft in 2017. The value then rose significantly to Rs 10,500 per sq.ft in 2023, and finally reached Rs 11,500 per sq.ft in the 2024 revision.

Between these revisions, there were notable changes. From 2017 to 2023, the guideline value increased by 49%. The 2012 to 2017 period saw a decrease of 33%. From 2007 to 2012, there was a modest increase of 5%. Overall, from 2007 to 2024, the guideline value has increased by 15%. The register has no figures for the years 2002 and 2003 for this street.

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 guideline value for these streets is Rs 11,500 per sq.ft, which is equal to the current value for AH Block 5th Street 30’.

• AH Block 4th 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 3rd Street 30’: Rs 11,500 per sq.ft (2024)
• AH Block 2nd Street –25’(Dead End): Rs 11,500 per sq.ft (2024)
• AI Block 1st Street – 25’: Rs 11,500 per sq.ft (2024)
• AH Block 1st Street – 30’: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in AH Block 5th 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, resulting in a total of Rs 10,35,000. It is important to note that 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 5th Street 30’?

The AH Block 5th Street 30’ falls under the jurisdiction of 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 is a crucial factor when registering property transactions in Naduvakkarai. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on a standardized value rather than the negotiated sale price.

When buying or selling property, it is essential to be aware of the guideline value, as it can significantly impact the overall costs involved in the transaction. Buyers should ensure that they are prepared for the financial implications of the guideline value when planning their purchase.

Frequently asked questions

What is the current guideline value of AH Block 5th Street 30’?

The current guideline value for AH Block 5th 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, with various increases and decreases in between.

What is the land classification for AH Block 5th Street 30’?

The land classification for AH Block 5th Street 30’ is Residential Special Type - II.

Where can I find the AnnaNagar Sub Registrar Office?

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

How is the stamp duty calculated for properties in AH Block 5th Street 30’?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a stamp duty of Rs 8,05,000.