Guideline Value

Corporate

Guideline Value for AK- Block, 10th Main Road L-13 to L 23, M 15, 2488, 2619A, 2619B

₹12600/sq.ft.

The guideline value for Ak- Block, 10th Main Road L-13 To L 23, M 15, 2488, 2619a, 2619b in Naduvakkarai village (Annanagar SRO, Chennai zone) is Rs 12600 per sq.ft, effective 1 July 2024. It was Rs 11500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Naduvakkarai

Village

AnnaNagar

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹12600 /sq.ft.
From 1-4-2023 ₹11500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹7705 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹11500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹11000 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 ( Near By Nolambur Eb Office )
044-29561062
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Ak- Block, 10th Main Road L-13 To L 23, M 15, 2488, 2619a, 2619b

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AK- Block, 10th Main Road L-13 to L 23, M 15, 2488, 2619A, 2619B guideline value

The current guideline value for AK- Block, 10th Main Road L-13 to L 23, M 15, 2488, 2619A, 2619B 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 with a land classification of Residential Special Type - I.

How the guideline value of AK- Block, 10th Main Road L-13 to L 23, M 15, 2488, 2619A, 2619B has changed

Since the 2007 revision, the guideline value has seen several changes. In 2007, the value was Rs 11,000 per sq.ft. This increased by 5% to Rs 11,500 per sq.ft in 2012. However, in 2017, the value dropped to Rs 7,705 per sq.ft, marking a decrease of 33%. The value then rose significantly to Rs 11,500 per sq.ft in 2023, a 49% increase. The most recent revision in 2024 set the value at Rs 12,600 per sq.ft, reflecting a 10% increase from the previous year.

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 has a range of guideline values across its 148 streets under the AnnaNagar SRO, with values ranging from Rs 3,300 to Rs 15,900 per sq.ft. The median value is Rs 11,500 per sq.ft, making the current guideline value for this street above the median.

Stamp duty and registration fee for property in AK- Block, 10th Main Road L-13 to L 23, M 15, 2488, 2619A, 2619B

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 guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers AK- Block, 10th Main Road L-13 to L 23, M 15, 2488, 2619A, 2619B?

The AK- Block, 10th Main Road L-13 to L 23, M 15, 2488, 2619A, 2619B property falls under 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 information.

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

The guideline value is a critical factor during the registration of property transactions in Naduvakkarai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps both buyers and sellers understand the value of the property in the context of local market conditions. It is essential to be aware of the guideline value to ensure compliance with registration requirements and to avoid potential disputes during the sale process.

Frequently asked questions

What is the current guideline value for AK- Block, 10th Main Road L-13 to L 23, M 15, 2488, 2619A, 2619B?

The current guideline value for AK- Block, 10th Main Road L-13 to L 23, M 15, 2488, 2619A, 2619B 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 11,000 per sq.ft in 2007 to Rs 12,600 per sq.ft in 2024, reflecting an overall increase of 15% over these years.

What is the land classification for this property?

The land classification for AK- Block, 10th Main Road L-13 to L 23, M 15, 2488, 2619A, 2619B is Residential Special Type - I.

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

The Sub Registrar Office covering this property 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 this area?

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