Guideline Value for Ak- Block, 11th Main Road 2639, 2693, 2700, 2754, 2761, 2825, 2832, 2887, 2894, 2945, 2952

AK- Block, 11th Main Road 2639, 2693, 2700, 2754, 2761, 2825, 2832, 2887, 2894, 2945, 2952 guideline value

The current guideline value for AK- Block, 11th Main Road 2639, 2693, 2700, 2754, 2761, 2825, 2832, 2887, 2894, 2945, 2952 is Rs 12,600 per sq.ft, effective from 1 July 2024. This property is located in Naduvakkarai village under the AnnaNagar SRO, with a land classification of Residential Special Type - I.

How the guideline value of AK- Block, 11th Main Road 2639, 2693, 2700, 2754, 2761, 2825, 2832, 2887, 2894, 2945, 2952 has changed

The guideline value for this street has seen several revisions over the years. The 2007 revision recorded a value of Rs 11,000 per sq.ft, which increased to Rs 11,500 per sq.ft in the 2012 revision. However, it then decreased to Rs 7,705 per sq.ft in 2017. Following this, the value rose significantly to Rs 11,500 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 12,600 per sq.ft, reflecting a 10% increase from the previous year.

From 2017 to 2023, the increase was 49%, while the change from 2012 to 2017 was a decrease of 33%. The overall change from 2007 to 2024 is an increase of 15%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Naduvakkarai

In Naduvakkarai, there are 148 streets under the AnnaNagar SRO, with 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, making the current value for AK- Block, 11th Main Road above the median.

• AK- Block, 10th Main Road L-13 to L 23, M 15, 2488, 2619A, 2619B: Rs 12,600 per sq.ft (2024)
• AK- Block, 4th Avenue 2491 to 2493, Sundaram Medical Foundation Hospital, HIG 3: Rs 15,900 per sq.ft (2024)
• AK- Block, 4th Avenue Sno 4/7: Rs 15,900 per sq.ft (2024)
• AK Block 5th Street – 20’: Rs 11,500 per sq.ft (2024)
• AK Block 6th Ist Street – 20’: Rs 11,500 per sq.ft (2024)
• AK- Block, 7th Main Road 2949 to 2952, Madras Institute of Megneto Biology Public Health Centre: Rs 12,600 per sq.ft (2024)

Stamp duty and registration fee for property in AK- Block, 11th Main Road 2639, 2693, 2700, 2754, 2761, 2825, 2832, 2887, 2894, 2945, 2952

For a 1,000 sq.ft plot at the current guideline value of Rs 12,600 per sq.ft, the total guideline value amounts to Rs 1,26,00,000. The stamp duty at 7% would be Rs 8,82,000, while the registration fee at 2% would be Rs 2,52,000, bringing the total to Rs 11,34,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers AK- Block, 11th Main Road 2639, 2693, 2700, 2754, 2761, 2825, 2832, 2887, 2894, 2945, 2952?

The Sub Registrar Office that covers this area is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. For more information, you can find your SRO.

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

The guideline value plays a crucial role during the registration of properties in Naduvakkarai. It serves as a benchmark for determining the minimum value at which properties can be sold or purchased, ensuring that transactions are recorded accurately and fairly.

When buying or selling a property, the guideline value is used to calculate the stamp duty and registration fees that must be paid. This ensures that both buyers and sellers are aware of the financial implications of their transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value for AK- Block, 11th Main Road?

The current guideline value for AK- Block, 11th Main Road 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, with various revisions in between, including a drop to Rs 7,705 per sq.ft in 2017.

What is the land classification for this property?

The land classification for AK- Block, 11th Main Road is Residential Special Type - I.

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

For a property valued at Rs 1,26,00,000, the stamp duty would be Rs 8,82,000 and the registration fee would be Rs 2,52,000, totaling Rs 11,34,000.

Which Sub Registrar Office covers this area?

The AnnaNagar Sub Registrar Office covers AK- Block, 11th Main Road, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.