Guideline Value for AJ- Block, 7th Main Road 3305 to 3316

AJ- Block, 7th Main Road 3305 to 3316 guideline value

The current guideline value for AJ- Block, 7th Main Road 3305 to 3316 is Rs 12,600 per sq.ft, effective from 1 July 2024. This property is located in Naduvakkarai village and falls under the AnnaNagar SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of AJ- Block, 7th Main Road 3305 to 3316 has changed

Over the years, the guideline value for AJ- Block, 7th Main Road has seen several revisions. The 2017 revision set the value at Rs 7,705 per sq.ft, which was a decrease of 33% from the 2012 revision of Rs 11,500 per sq.ft. The 2023 revision increased the value to Rs 11,500 per sq.ft, and the latest 2024 revision saw a further increase of 10%, bringing it to Rs 12,600 per sq.ft.

From 2017 to 2023, the guideline value increased by 49%. The overall change from the 2007 revision of Rs 11,000 per sq.ft to the current 2024 value represents an increase of 15%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Naduvakkarai

Naduvakkarai has a total of 148 streets under the AnnaNagar SRO, with 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, making the current value of AJ- Block, 7th Main Road 3305 to 3316 above the median.

• AJ Block 5th Street – 25’: Rs 11,500 per sq.ft (2024)
• AJ- Block, 9th Main Road 2477, 2583, 2627, 2628, 2631, 3252, 3253, 3278, 3279, 3304, 3305: Rs 12,600 per sq.ft (2024)
• AJ Block 4th Street – 25’: Rs 11,500 per sq.ft (2024)
• AJ- Block, 4th Avenue 2494 to 2502: Rs 15,900 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)

Stamp duty and registration fee for property in AJ- Block, 7th Main Road 3305 to 3316

For a 1,000 sq.ft plot at the current guideline value of Rs 12,600 per sq.ft, the total guideline value would be Rs 1,26,00,000. The stamp duty at 7% would amount to Rs 8,82,000, and the registration fee at 2% would be Rs 2,52,000, totaling Rs 11,34,000. Duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers AJ- Block, 7th Main Road 3305 to 3316?

The Sub Registrar Office that covers AJ- Block, 7th Main Road 3305 to 3316 is 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 an essential factor in the registration process of property transactions in Naduvakkarai. It serves as the basis for calculating stamp duty and registration fees, which are mandatory for legal property transfers.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, helping to maintain transparency in the real estate market. It is important for buyers and sellers to be aware of the current guideline values to avoid discrepancies during registration.

Frequently asked questions

What is the current guideline value for AJ- Block, 7th Main Road 3305 to 3316?

The current guideline value for AJ- Block, 7th Main Road 3305 to 3316 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 7,705 per sq.ft in 2017 to Rs 12,600 per sq.ft in 2024, with significant changes occurring in 2023 and 2024 revisions.

What is the land classification for this area?

The land classification for AJ- Block, 7th Main Road 3305 to 3316 is Residential Special Type - I.

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, near the Nolambur Eb Office.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 1,26,00,000 would incur a stamp duty of Rs 8,82,000 at 7%.