Guideline Value for AL Block 3rd Street – 30’

AL Block 3rd Street – 30’ guideline value

The current guideline value of AL Block 3rd 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. The land classification for this area is Residential Special Type - II.

How the guideline value of AL Block 3rd Street – 30’ has changed

Over the years, the guideline value for AL Block 3rd Street has seen several revisions. The 2007 revision set the value at Rs 10,000 per sq.ft, which increased to Rs 10,500 in the 2012 revision. However, the value then decreased to Rs 7,035 per sq.ft in the 2017 revision. The 2023 revision brought it back up to Rs 10,500 per sq.ft, and the latest revision in 2024 has increased it further to Rs 11,500 per sq.ft, marking a 10% increase from the previous year.

In summary, from the 2017 revision to the 2023 revision, there was a significant increase of 49%. The overall change from the 2007 revision to the 2024 revision reflects a 15% increase. It is important to note that there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Naduvakkarai

Naduvakkarai village has a total of 148 streets under the AnnaNagar SRO, with guideline values ranging from Rs 3,300 to Rs 15,900 per sq.ft. The median guideline value in this area is Rs 11,500 per sq.ft, which matches the 2024 figure for AL Block 3rd Street – 30’.

• AL Block 2nd Street – 30’: Rs 11,500 per sq.ft (2024)
• AL Block 1st Street – 30’: Rs 11,500 per sq.ft (2024)
• AL Block 4th Street – 30’: Rs 11,500 per sq.ft (2024)
• AL BLOCK- 14Th MAIN ROAD: Rs 13,200 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 3rd Street – 30’

For a 1,000 sq.ft plot at the current rate of Rs 11,500 per sq.ft, the 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, resulting in a total of Rs 10,35,000. It is important to note that 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 more details.

Which Sub Registrar Office covers AL Block 3rd Street – 30’?

The Sub Registrar Office that covers AL Block 3rd Street – 30’ 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 information.

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

When buying or selling property in Naduvakkarai, the guideline value plays a crucial role in determining the registration fees and stamp duty. The guideline value is the minimum value set by the government for property transactions, ensuring that the property is not undervalued during registration.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of the transaction. Accurate knowledge of the guideline value can help in making informed decisions during property dealings in the area.

Frequently asked questions

What is the current guideline value of AL Block 3rd Street – 30’?

The current guideline value of AL Block 3rd 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 in 2007 to Rs 11,500 in 2024, reflecting an overall increase of 15%. The most significant change was a 49% increase from 2017 to 2023.

What is the land classification for AL Block 3rd Street – 30’?

The land classification for AL Block 3rd Street – 30’ is Residential Special Type - II, which indicates its designated use within the local planning framework.

Where can I find the Sub Registrar Office for AL Block 3rd Street – 30’?

The Sub Registrar Office for AL Block 3rd Street – 30’ 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 guideline value or the sale price, whichever is higher. For example, a property valued at Rs 1,15,00,000 would incur a stamp duty of Rs 8,05,000 at the rate of 7%.