Guideline Value for AK Block 6th Ist Street – 20’

AK Block 6th Ist Street – 20’ guideline value

The current guideline value for AK Block 6th Ist Street – 20’ 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 AK Block 6th Ist Street – 20’ has changed

The guideline value for AK Block 6th Ist Street has undergone several revisions over the years. In 2007, the guideline value was Rs 10,000 per sq.ft. This increased to Rs 10,500 per sq.ft in 2012, but then saw a decrease to Rs 7,035 per sq.ft in 2017. The guideline value rebounded significantly to Rs 10,500 per sq.ft in 2023 before reaching the current value of Rs 11,500 per sq.ft in the 2024 revision. There are no figures available for this street in the 2002 and 2003 revisions.

From 2017 to 2023, there was a notable increase of 49%. Following this, the 2023 to 2024 revision saw a 10% increase. 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 the 2024 guideline values 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 AK Block 6th Ist Street.

• AK Block 5th 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)
• AL BLOCK- 14Th MAIN ROAD: Rs 13,200 per sq.ft (2024)

Stamp duty and registration fee for property in AK Block 6th Ist Street – 20’

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, 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 more detailed calculations.

Which Sub Registrar Office covers AK Block 6th Ist Street – 20’?

The Sub Registrar Office that covers AK Block 6th Ist Street 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 the registration process when buying or selling property in Naduvakkarai. It serves as the basis for calculating the stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, the buyer and seller must consider the guideline value to determine the applicable fees. This ensures compliance with local regulations and helps in the smooth processing of property transactions.

Frequently asked questions

What is the current guideline value for AK Block 6th Ist Street?

The current guideline value for AK Block 6th Ist 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 seen several revisions, increasing from Rs 10,000 per sq.ft in 2007 to Rs 11,500 per sq.ft in 2024, with fluctuations in between.

What is the land classification for AK Block 6th Ist Street?

The land classification for AK Block 6th Ist Street is Residential Special Type - II, indicating its designated use within the locality.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 1,15,00,000, the stamp duty would be Rs 8,05,000, and the registration fee would be Rs 2,30,000, totaling Rs 10,35,000.

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

The Sub Registrar Office for AK Block 6th Ist Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.