Guideline Value for AJ Block 5th Street – 25’

AJ Block 5th Street – 25’ guideline value

The current guideline value for AJ Block 5th Street – 25’ is Rs 11,500 per sq.ft. 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 AJ Block 5th Street – 25’ has changed

The guideline value for AJ Block 5th Street has seen several revisions over the years. In 2007, the 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. Following this, the value surged to Rs 10,500 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 11,500 per sq.ft. The changes between these revisions include a 5% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, a 49% increase from 2017 to 2023, and a 10% increase from 2023 to 2024.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Naduvakkarai

Naduvakkarai village has a total of 148 streets under the AnnaNagar SRO, with guideline values for 2024 ranging from Rs 3,300 to Rs 15,900 per sq.ft. The median guideline value is Rs 11,500 per sq.ft, which is the same as the current value for AJ Block 5th Street – 25’. Below are the guideline values for other streets in Naduvakkarai:

• AJ Block 4th 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)
• AK Block 6th Ist Street – 20’: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in AJ Block 5th 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, and the registration fee at 2% would be Rs 2,30,000, bringing the total to 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. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers AJ Block 5th Street – 25’?

The Sub Registrar Office that covers AJ Block 5th 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 minimum value at which a property can be registered. When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and transparently.

During the registration process, buyers and sellers must consider the guideline value to calculate applicable stamp duties and registration fees. This ensures compliance with local regulations and helps in the smooth transfer of property ownership.

Frequently asked questions

What is the current guideline value for AJ Block 5th Street – 25’?

The current guideline value for AJ Block 5th 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 and increases in subsequent years.

What is the land classification for AJ Block 5th Street – 25’?

The land classification for AJ Block 5th Street – 25’ is Residential Special Type - II.

Where can I find the Sub Registrar Office for AJ Block 5th Street – 25’?

The Sub Registrar Office for AJ Block 5th 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 properties in Naduvakkarai?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. In the case of AJ Block 5th Street, the guideline value is Rs 11,500 per sq.ft.