Guideline Value for AJ Block 1st Street – 25’

AJ Block 1st Street – 25’ guideline value

The current guideline value of AJ Block 1st Street – 25’ is Rs 11,500 per sq.ft, effective from 1 July 2024. This street is located in Naduvakkarai village, under the AnnaNagar SRO, with a land classification of Residential Special Type - II.

How the guideline value of AJ Block 1st Street – 25’ has changed

The guideline value for AJ Block 1st Street has seen several revisions over the years. The 2007 revision set the value at Rs 10,000 per sq.ft, which increased to Rs 10,500 in 2012. However, there was a decrease to Rs 7,035 per sq.ft in the 2017 revision. Following this, the value rose significantly to Rs 10,500 in 2023, and the most recent revision in 2024 has set it at Rs 11,500 per sq.ft, marking a 10% increase from the previous year.

In summary, the changes between revisions indicate a 49% increase from 2017 to 2023, while there was a decrease of 33% from 2012 to 2017. The overall change from 2007 to 2024 reflects a 15% increase.

Guideline values in Naduvakkarai

Naduvakkarai has a total of 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 the median value being Rs 11,500 per sq.ft. AJ Block 1st Street’s 2024 figure aligns with this median.

• AJ Block 2nd Street – 25’: Rs 11,500 per sq.ft (2024)
• AJ Block 3rd Street – 25’: Rs 11,500 per sq.ft (2024)
• AJ Block 4th Street – 25’: Rs 11,500 per sq.ft (2024)
• AJ Block 5th Street – 25’: Rs 11,500 per sq.ft (2024)
• AI Block 5th Street – 25’: Rs 11,500 per sq.ft (2024)
• AI Block 4th Street – 25’: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in AJ Block 1st Street – 25’

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 amount to Rs 8,05,000, while the registration fee at 2% would be Rs 2,30,000, leading to a total cost of Rs 10,35,000. It is important to note that the 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 AJ Block 1st Street – 25’?

The Sub Registrar Office that covers AJ Block 1st Street – 25’ is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the 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 in property transactions in Naduvakkarai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When registering a property, the guideline value is assessed to calculate the applicable fees. This ensures that the transaction is recorded accurately, reflecting the true value of the property based on the most recent revisions in the guideline value register.

Frequently asked questions

What is the current guideline value of AJ Block 1st Street – 25’?

The current guideline value of AJ Block 1st Street – 25’ 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 several times, starting from Rs 10,000 in 2007 to Rs 10,500 in 2012, then decreasing to Rs 7,035 in 2017. It increased to Rs 10,500 in 2023 and is now Rs 11,500 in 2024.

What is the land classification for AJ Block 1st Street – 25’?

The land classification for AJ Block 1st Street – 25’ is Residential Special Type - II, indicating its intended use for residential purposes.

Where can I find the Sub Registrar Office for AJ Block 1st Street – 25’?

The Sub Registrar Office for AJ Block 1st Street – 25’ is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

How is the stamp duty calculated for property in AJ Block 1st Street – 25’?

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