Guideline Value for AL Block 1st Street – 30’

AL Block 1st Street – 30’ guideline value

The current guideline value of AL Block 1st Street – 30’ 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, classified as Residential Special Type - II.

How the guideline value of AL Block 1st Street – 30’ has changed

The guideline value for AL Block 1st Street has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 10,000 per sq.ft. In 2012, it increased by 5% to Rs 10,500 per sq.ft, but then dropped by 33% to Rs 7,035 per sq.ft in the 2017 revision. The 2023 revision saw a significant rise of 49%, bringing the value back up to Rs 10,500 per sq.ft. The latest revision in 2024 set the value at Rs 11,500 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 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 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, which is the same as the current guideline value for AL Block 1st Street – 30’.

• AL Block 2nd Street – 30’: Rs 11,500 per sq.ft (2024)
• AL BLOCK- 14Th MAIN ROAD: Rs 13,200 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 1st Street – 30’

For a 1,000 sq.ft plot at the current guideline value of Rs 11,500 per sq.ft, the total guideline value would be Rs 1,15,00,000. The stamp duty at 7% would amount to Rs 8,05,000, and the registration fee at 2% would be Rs 2,30,000, totaling Rs 10,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers AL Block 1st Street – 30’?

The Sub Registrar Office that covers AL Block 1st Street – 30’ is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. For further details, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property 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 a property is sold, the guideline value is compared with the sale price, and the higher figure is used to calculate the stamp duty and registration fees. This ensures that the registration reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of AL Block 1st Street – 30’?

The current guideline value of AL Block 1st Street – 30’ 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 changed from Rs 10,000 per sq.ft in 2007 to Rs 11,500 per sq.ft in 2024, reflecting an overall increase of 15% over the years.

What is the registration office for AL Block 1st Street – 30’?

The registration office for AL Block 1st Street – 30’ is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What are the stamp duty and registration fees for property in AL Block 1st Street – 30’?

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

Where can I find more information about guideline values in Naduvakkarai?

More information about guideline values in Naduvakkarai can be found in the registration department's guideline value register or by checking the respective links for other streets in the area.