Guideline Value for AH- Block, 7th Main Road L 39 to 47 (Duvaraga Colony) Park

AH- Block, 7th Main Road L 39 to 47 (Duvaraga Colony) Park guideline value

The current guideline value for AH- Block, 7th Main Road L 39 to 47 (Duvaraga Colony) Park is Rs 12,600 per sq.ft, effective from 1 July 2024. This property is located in Naduvakkarai village under the AnnaNagar SRO and is classified as Residential Special Type - I.

How the guideline value of AH- Block, 7th Main Road L 39 to 47 (Duvaraga Colony) Park has changed

The guideline value for this street has undergone several revisions over the years. In 2007, the value was Rs 11,000 per sq.ft. This increased to Rs 11,500 per sq.ft in 2012, followed by a decrease to Rs 7,705 per sq.ft in 2017. The value then saw a significant rise to Rs 11,500 per sq.ft in 2023, and the most recent revision in 2024 has set the value at Rs 12,600 per sq.ft. The changes between these revisions were as follows: from 2007 to 2012, there was an increase of 5%, followed by a decrease of 33% from 2012 to 2017. The value increased by 49% from 2017 to 2023, and finally, there was a 10% increase from 2023 to 2024.

It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Naduvakkarai

In Naduvakkarai, there are 148 streets under the AnnaNagar SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 15,900 per sq.ft, with a median value of Rs 11,500 per sq.ft. The guideline value for AH- Block, 7th Main Road L 39 to 47 (Duvaraga Colony) Park is above this median.

• AH Block 5th Street 30’: Rs 11,500 per sq.ft (2024)
• AH- Block, 8th Main Road 2420, 2459, 2459A, 2561, 3107, 3111, 3142, 3155, 3181, 3182 Shanthi Colony Shops (MIG): Rs 12,600 per sq.ft (2024)
• 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)
• AI Block 1st Street – 25’: Rs 11,500 per sq.ft (2024)
• AH Block 3rd Street 30’: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in AH- Block, 7th Main Road L 39 to 47 (Duvaraga Colony) Park

For a 1,000 sq.ft plot at the current guideline value of Rs 12,600 per sq.ft, the total guideline value amounts to Rs 1,26,00,000. The stamp duty at 7% would be Rs 8,82,000, and the registration fee at 2% would be Rs 2,52,000, totaling Rs 11,34,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers AH- Block, 7th Main Road L 39 to 47 (Duvaraga Colony) Park?

The AH- Block, 7th Main Road L 39 to 47 (Duvaraga Colony) Park 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 more information.

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

The guideline value is a crucial factor when registering a property in Naduvakkarai. It is used to determine the stamp duty and registration fees that buyers must pay during the transaction process. The stamp duty is calculated based on the higher of the guideline value or the sale price, ensuring that the appropriate fees are collected for the property transfer.

Understanding the guideline value helps both buyers and sellers to be aware of the financial implications involved in property transactions. It provides a benchmark for valuing properties in the area, ensuring transparency and fairness in the registration process.

Frequently asked questions

What is the current guideline value for AH- Block, 7th Main Road L 39 to 47 (Duvaraga Colony) Park?

The current guideline value for AH- Block, 7th Main Road L 39 to 47 (Duvaraga Colony) Park is Rs 12,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 11,000 per sq.ft in 2007 to Rs 12,600 per sq.ft in 2024, with various increases and decreases in between. The most significant increase was from Rs 7,705 per sq.ft in 2017 to Rs 11,500 per sq.ft in 2023.

What is the land classification for this property?

The land classification for AH- Block, 7th Main Road L 39 to 47 (Duvaraga Colony) Park is Residential Special Type - I.

Where can I find the Sub Registrar Office for this property?

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

How is the stamp duty calculated for properties in Naduvakkarai?

Stamp duty for properties in Naduvakkarai is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 1,26,00,000, the stamp duty would be 7% of that value.