Guideline Value for AK Block 9th Street – 20’

AK Block 9th Street – 20’ guideline value

The current guideline value for AK Block 9th 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 9th Street – 20’ has changed

Over the years, the guideline value for AK Block 9th Street has seen several revisions. The earliest recorded figure is from 2007, which was Rs 10,000 per sq.ft. This increased to Rs 10,500 per sq.ft in 2012, but then saw a significant decrease to Rs 7,035 per sq.ft in 2017. From 2017 to 2023, the value surged to Rs 10,500 per sq.ft, marking a 49% increase. The latest revision in 2024 brought the guideline value to Rs 11,500 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. 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 value is Rs 11,500 per sq.ft, which is equal to the guideline value of AK Block 9th Street – 20’.

• AK Block 8th Street – 20’: Rs 11,500 per sq.ft (2024)
• AK Block 7th 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 9th Street – 20’

For a 1,000 sq.ft plot at the current guideline value, 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, making the total charges together Rs 10,35,000. It is important to note that 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 precise calculations.

Which Sub Registrar Office covers AK Block 9th Street – 20’?

The Sub Registrar Office that covers AK Block 9th Street – 20’ 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 when registering property transactions in Naduvakkarai. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives its due revenue from property transactions.

When buying or selling property, the guideline value must be considered alongside the sale price. The higher of the two values will determine the applicable stamp duty and registration fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value for AK Block 9th Street – 20’?

The current guideline value for AK Block 9th 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, starting from Rs 10,000 per sq.ft in 2007, increasing to Rs 10,500 in 2012, dropping to Rs 7,035 in 2017, then rising to Rs 10,500 in 2023, and finally reaching Rs 11,500 in 2024.

What is the land classification for AK Block 9th Street – 20’?

The land classification for AK Block 9th Street – 20’ is Residential Special Type - II, indicating its designated use for residential purposes.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 8,05,000 and the registration fee would be Rs 2,30,000, totaling Rs 10,35,000.

Where is the Sub Registrar Office for AK Block 9th Street – 20’ located?

The Sub Registrar Office for AK Block 9th Street – 20’ is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.