Guideline Value for AL Block 4th Street – 30’

AL Block 4th Street – 30’ guideline value

The current guideline value for AL Block 4th Street – 30’ is Rs 11,500 per sq.ft. 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 4th Street – 30’ has changed

The guideline value for AL Block 4th Street – 30’ has undergone several revisions over the years. The earliest recorded revision was in 2007, where the value was Rs 10,000 per sq.ft. This figure then increased to Rs 10,500 per sq.ft in 2012, but saw a decrease to Rs 7,035 per sq.ft in 2017. Following this, the value rose significantly to Rs 10,500 per sq.ft in 2023, and then to the current rate of Rs 11,500 per sq.ft effective from 1 July 2024. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, there was a notable increase of 49%. The revision from 2023 to 2024 reflects a 10% increase. Overall, from 2007 to 2024, the guideline value has increased by 15%.

Guideline values in Naduvakkarai

Naduvakkarai village has a total of 148 streets under the AnnaNagar SRO, with 2024 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, which is the same as the current value for AL Block 4th Street – 30’. Below are the guideline values for other streets in Naduvakkarai:

• AL Block 3rd Street – 30’: Rs 11,500 per sq.ft (2024)
• 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- 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 4th 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, bringing the total to Rs 10,35,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers AL Block 4th Street – 30’?

The Sub Registrar Office that covers AL Block 4th Street – 30’ is 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 is a crucial factor when registering 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 the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the worth of the property. Buyers should be aware that the stamp duty is charged on the higher of the guideline value or the sale price, which impacts the total cost involved in the transaction.

Frequently asked questions

What is the current guideline value of AL Block 4th Street – 30’?

The current guideline value of AL Block 4th 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%. The most significant increase occurred between 2017 and 2023, where it rose by 49%.

What is the land classification for AL Block 4th Street – 30’?

The land classification for AL Block 4th Street – 30’ is Residential Special Type - II, indicating the type of residential development allowed in this area.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for AL Block 4th Street – 30’ is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the 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 with a guideline value of Rs 1,15,00,000 would incur a stamp duty of Rs 8,05,000 at 7%.