Guideline Value for AK Block 5th Street – 20’

AK Block 5th Street – 20’ guideline value

The current guideline value for AK Block 5th Street – 20’ is Rs 11,500 per sq.ft, effective from 1 July 2024. 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 AK Block 5th Street – 20’ has changed

Over the years, the guideline value for AK Block 5th Street – 20’ has seen several revisions. The 2007 revision set the guideline value at 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 2023 revision brought it back up to Rs 10,500 per sq.ft, and the latest revision in 2024 has set it at Rs 11,500 per sq.ft, marking a 10% increase from the previous year.

In summary, from 2017 to 2023, there was a significant increase of 49%. The overall change from 2007 to 2024 is an increase of 15%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Naduvakkarai

Naduvakkarai village 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 value for these streets is Rs 11,500 per sq.ft, which is the same as the current guideline value for AK Block 5th Street – 20’.

• AK Block 6th Ist Street – 20’: Rs 11,500 per sq.ft (2024)
• AK Block 7th Street – 20’: Rs 11,500 per sq.ft (2024)
• AK Block 8th Street – 20’: Rs 11,500 per sq.ft (2024)
• AK Block 9th Street – 20’: Rs 11,500 per sq.ft (2024)
• AJ Block 5th Street – 25’: Rs 11,500 per sq.ft (2024)
• AJ Block 4th Street – 25’: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in AK Block 5th Street – 20’

For a 1,000 sq.ft plot at the current rate, the guideline value is 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 guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers AK Block 5th Street – 20’?

The Sub Registrar Office that covers AK Block 5th Street – 20’ 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 a crucial factor in property transactions in Naduvakkarai. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. This ensures that the government receives the appropriate revenue from property transactions.

When selling property, the guideline value also serves as a reference point for buyers and sellers to negotiate the sale price. It is essential for both parties to be aware of the current guideline value to facilitate a fair transaction.

Frequently asked questions

What is the current guideline value for AK Block 5th Street – 20’?

The current guideline value for AK Block 5th Street – 20’ 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, reflecting an overall increase of 15% over the years.

What is the land classification for AK Block 5th Street – 20’?

The land classification for AK Block 5th Street – 20’ is Residential Special Type - II.

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

The Sub Registrar Office for AK Block 5th Street – 20’ is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in Naduvakkarai?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. The current rate for stamp duty is 7% of the guideline value.