Guideline Value for AL BLOCK- 14Th MAIN ROAD

AL BLOCK- 14Th MAIN ROAD guideline value

The current guideline value for AL BLOCK- 14Th MAIN ROAD in Naduvakkarai village is Rs 13,200 per sq.ft, effective from 1 July 2024. This property falls under the AnnaNagar SRO and is classified as Mixed Type - II land.

How the guideline value of AL BLOCK- 14Th MAIN ROAD has changed

Over the years, the guideline value for AL BLOCK- 14Th MAIN ROAD has seen significant changes. The 2017 revision recorded a value of Rs 8,040 per sq.ft. This increased to Rs 12,000 per sq.ft in the 2023 revision, marking a substantial rise of 49%. The most recent revision in 2024 set the guideline value at Rs 13,200 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Naduvakkarai

In Naduvakkarai, there are 148 streets under the AnnaNagar SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 15,900 per sq.ft. The median guideline value for these streets is Rs 11,500 per sq.ft, making the 2024 figure for AL BLOCK- 14Th MAIN ROAD above the median.

• AL Block 1st Street – 30’: Rs 11,500 per sq.ft (2024)
• AL Block 2nd Street – 30’: Rs 11,500 per sq.ft (2024)
• AL Block 3rd Street – 30’: Rs 11,500 per sq.ft (2024)
• AL Block 4th Street – 30’: Rs 11,500 per sq.ft (2024)
• AK Block 9th Street – 20’: Rs 11,500 per sq.ft (2024)
• AK Block 8th Street – 20’: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in AL BLOCK- 14Th MAIN ROAD

For a 1,000 sq.ft plot at the current guideline value of Rs 13,200 per sq.ft, the total guideline value amounts to Rs 1,32,00,000. The stamp duty at 7% would be Rs 9,24,000, while the registration fee at 2% would be Rs 2,64,000, totaling Rs 11,88,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers AL BLOCK- 14Th MAIN ROAD?

The AL BLOCK- 14Th MAIN ROAD is covered by 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 plays a critical role in the property registration process in Naduvakkarai. It is used to determine the stamp duty and registration fees that are applicable when a property is bought or sold. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations during the transaction.

When a property is registered, the guideline value is compared to the actual sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the registration reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value for AL BLOCK- 14Th MAIN ROAD?

The current guideline value for AL BLOCK- 14Th MAIN ROAD is Rs 13,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 8,040 per sq.ft in 2017 to Rs 13,200 per sq.ft in 2024, an overall increase of 64%.

What is the land classification for AL BLOCK- 14Th MAIN ROAD?

AL BLOCK- 14Th MAIN ROAD is classified as Mixed Type - II land.

Where can I find the relevant Sub Registrar Office?

The relevant Sub Registrar Office for AL BLOCK- 14Th MAIN ROAD 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 Naduvakkarai?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 1,32,00,000, the stamp duty would be calculated accordingly.