Guideline Value for AK- Block, 7th Main Road 2949 to 2952, Madras Institute of Megneto Biology Public Health Centre

AK- Block, 7th Main Road 2949 to 2952, Madras Institute of Megneto Biology Public Health Centre guideline value

The current guideline value for AK- Block, 7th Main Road 2949 to 2952, Madras Institute of Megneto Biology Public Health Centre 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. The land classification for this area is Residential Special Type - I.

How the guideline value of AK- Block, 7th Main Road 2949 to 2952, Madras Institute of Megneto Biology Public Health Centre has changed

The guideline value for this street has undergone several revisions over the years. In the 2017 revision, the guideline value was Rs 7,705 per sq.ft. This increased to Rs 11,500 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 12,600 per sq.ft, reflecting a 10% increase from the previous year.

Prior to the 2017 revision, the guideline value in 2012 was also Rs 11,500 per sq.ft, while in 2007 it was Rs 11,000 per sq.ft, showing a 5% increase from 2007 to 2012. There are no figures available for the years 2002 and 2003 for this street.

Guideline values in Naduvakkarai

Naduvakkarai has a total of 148 streets under the AnnaNagar SRO with a 2024 guideline value range from Rs 3,300 to Rs 15,900 per sq.ft. The median guideline value for the village is Rs 11,500 per sq.ft, making the 2024 figure for this street above the median.

• AK Block 6th Ist Street – 20’: Rs 11,500 per sq.ft (2024)
• AK Block 7th Street – 20’: Rs 11,500 per sq.ft (2024)
• AK Block 5th Street – 20’: Rs 11,500 per sq.ft (2024)
• AK Block 8th Street – 20’: Rs 11,500 per sq.ft (2024)
• AK- Block, 4th Avenue Sno 4/7: Rs 15,900 per sq.ft (2024)
• AK Block 9th Street – 20’: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in AK- Block, 7th Main Road 2949 to 2952, Madras Institute of Megneto Biology Public Health Centre

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, bringing the total cost for these fees to Rs 11,34,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers AK- Block, 7th Main Road 2949 to 2952, Madras Institute of Megneto Biology Public Health Centre?

The Sub Registrar Office that covers this property 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 details.

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

The guideline value plays a crucial role during the registration process of property transactions in Naduvakkarai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that these costs are calculated based on an official valuation.

When buying or selling property, it is essential to consider the guideline value as it affects the overall cost of registration. Buyers should be aware that the stamp duty and registration fees will be assessed based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value for AK- Block, 7th Main Road 2949 to 2952?

The current guideline value for AK- Block, 7th Main Road 2949 to 2952 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 seen several revisions, with the most recent being Rs 12,600 per sq.ft in 2024, up from Rs 11,500 per sq.ft in 2023, and Rs 7,705 per sq.ft in 2017.

What is the land classification for this area?

The land classification for AK- Block, 7th Main Road 2949 to 2952 is Residential Special Type - I.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 11,34,000, calculated based on the guideline value.

Which Sub Registrar Office handles registrations for this property?

The AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, covers registrations for this property.