Guideline Value for AJ Block 4th Street – 25’

AJ Block 4th Street – 25’ guideline value

The current guideline value of AJ Block 4th 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, classified as Residential Special Type - II.

How the guideline value of AJ Block 4th Street – 25’ has changed

Over the years, the guideline value of AJ Block 4th Street – 25’ has seen several revisions. In 2007, the guideline value was Rs 10,000 per sq.ft, which increased to Rs 10,500 per sq.ft in 2012. However, it then decreased to Rs 7,035 per sq.ft in 2017. The value rose significantly to Rs 10,500 per sq.ft in 2023, and the latest revision in 2024 set it at Rs 11,500 per sq.ft. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, there was a substantial increase of 49%. The value then rose by 10% from 2023 to 2024. 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 a 2024 guideline value range 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 guideline value for AJ Block 4th Street – 25’.

• AJ Block 5th Street – 25’: Rs 11,500 per sq.ft (2024)
• AJ Block 3rd Street – 25’: Rs 11,500 per sq.ft (2024)
• AJ Block 2nd Street – 25’: Rs 11,500 per sq.ft (2024)
• AJ Block 1st Street – 25’: Rs 11,500 per sq.ft (2024)
• AK Block 5th Street – 20’: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in AJ Block 4th 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 amounts to Rs 1,15,00,000. The stamp duty at 7% would be Rs 8,05,000, while 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 or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers AJ Block 4th Street – 25’?

The Sub Registrar Office that covers AJ Block 4th 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

When buying or selling property in Naduvakkarai, the guideline value is a crucial factor in determining the stamp duty and registration fees. Buyers must consider the guideline value as it serves as a benchmark for the transaction value, ensuring that the property is registered at a fair price.

During registration, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This process ensures that the state revenue is accurately collected based on the property's value.

Frequently asked questions

What is the current guideline value of AJ Block 4th Street – 25’?

The current guideline value of AJ Block 4th 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 from Rs 10,000 per sq.ft in 2007 to Rs 11,500 per sq.ft in 2024, with several revisions in between, including a decrease in 2017.

What is the land classification for AJ Block 4th Street – 25’?

The land classification for AJ Block 4th Street – 25’ is Residential Special Type - II, which indicates its usage for residential purposes.

Where can I find the Sub Registrar Office for AJ Block 4th Street – 25’?

The Sub Registrar Office for AJ Block 4th Street – 25’ is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for property transactions in Naduvakkarai?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. The current rate is 7% for stamp duty and 2% for the registration fee.