Guideline Value for AK Block 8th Street – 20’

AK Block 8th Street – 20’ guideline value

The current guideline value of AK Block 8th Street – 20’ is Rs 11,500 per sq.ft, effective from 1 July 2024. This street is located in Naduvakkarai village under the AnnaNagar SRO, and it falls under the land classification of Residential Special Type - II.

How the guideline value of AK Block 8th Street – 20’ has changed

The guideline value for AK Block 8th Street has seen several revisions over the years. The earliest recorded revision is from 2007, which had a guideline value of Rs 10,000 per sq.ft. This value increased to Rs 10,500 in 2012, but then saw a significant drop to Rs 7,035 in 2017. Following this, the value rose sharply to Rs 10,500 in 2023, and the most recent revision in 2024 set the value at Rs 11,500 per sq.ft. Notably, there are no figures available in the register for the years 2002 and 2003 for this street.

From 2012 to 2017, there was a decrease of 33%, while the value increased by 49% from 2017 to 2023. The jump from 2023 to 2024 represents 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 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 equal to the 2024 figure for AK Block 8th Street.

• AK Block 7th Street – 20’: Rs 11,500 per sq.ft (2024)
• AK Block 9th Street – 20’: Rs 11,500 per sq.ft (2024)
• AK Block 6th Ist Street – 20’: Rs 11,500 per sq.ft (2024)
• AK Block 5th Street – 20’: Rs 11,500 per sq.ft (2024)
• AL BLOCK- 14Th MAIN ROAD: Rs 13,200 per sq.ft (2024)
• AL Block 1st Street – 30’: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in AK Block 8th 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 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, leading to a total of 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 our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers AK Block 8th Street – 20’?

The Sub Registrar Office that covers AK Block 8th Street – 20’ is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. To find your SRO, you can find your SRO here.

How the guideline value is used when you buy or sell in Naduvakkarai

The guideline value is a crucial factor when registering a property in Naduvakkarai. It determines the minimum price at which a property can be registered, ensuring that the transaction is documented at a fair value. Buyers and sellers must consider the guideline value to understand the financial implications of the registration process.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees that need to be paid. This ensures that the government receives the appropriate revenue from property transactions, which is vital for local development and infrastructure.

Frequently asked questions

What is the current guideline value of AK Block 8th Street – 20’?

The current guideline value of AK Block 8th 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 in 2007 to Rs 11,500 in 2024, with notable increases and decreases in between, including a significant rise of 49% from 2017 to 2023.

What is the land classification for AK Block 8th Street – 20’?

AK Block 8th Street – 20’ is classified as Residential Special Type - II.

Where is the AnnaNagar Sub Registrar Office located?

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 Naduvakkarai?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 1,15,00,000 would incur a stamp duty of Rs 8,05,000 at 7%.