Guideline Value for Al- Block, 11th Main Road 2198 To 2202, 2202a, 2203, 2636, 2692, 2731, 2753, 2762, 2824, 2833, 2886, 2895, 2944, 2953, 3362, 3362w

AL- Block, 11th Main Road 2198 to 2202, 2202A, 2203, 2636, 2692, 2731, 2753, 2762, 2824, 2833, 2886, 2895, 2944, 2953, 3362, 3362W guideline value

The current guideline value for AL- Block, 11th Main Road 2198 to 2202, 2202A, 2203, 2636, 2692, 2731, 2753, 2762, 2824, 2833, 2886, 2895, 2944, 2953, 3362, 3362W is Rs 12,600 per sq.ft, effective from 1 July 2024. This property is located in Naduvakkarai village, under the AnnaNagar SRO, and is classified as Residential Special Type - I.

How the guideline value of AL- Block, 11th Main Road 2198 to 2202, 2202A, 2203, 2636, 2692, 2731, 2753, 2762, 2824, 2833, 2886, 2895, 2944, 2953, 3362, 3362W has changed

The guideline value for this street has undergone several revisions over the years. The 2007 revision set the value at Rs 11,000 per sq.ft, which increased to Rs 11,500 per sq.ft in 2012. However, there was a significant drop in the 2017 revision, bringing the value down to Rs 7,705 per sq.ft. This was followed by a substantial increase to Rs 11,500 per sq.ft in 2023, and the most recent revision in 2024 saw the value rise to Rs 12,600 per sq.ft, marking a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 15%, reflecting the changes in the property market over the years.

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, with a median value of Rs 11,500 per sq.ft. The guideline value for AL- Block, 11th Main Road is above this median, indicating its relative position in the market.

• AL BLOCK- 14Th MAIN ROAD: Rs 13,200 per sq.ft (2024)
• 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 Avenue 107 to 115, 170, MIG Flats: Rs 15,900 per sq.ft (2024)
• AL Block 4th Street – 30’: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in AL- Block, 11th Main Road 2198 to 2202, 2202A, 2203, 2636, 2692, 2731, 2753, 2762, 2824, 2833, 2886, 2895, 2944, 2953, 3362, 3362W

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, while the registration fee at 2% would be Rs 2,52,000, totaling Rs 11,34,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers AL- Block, 11th Main Road 2198 to 2202, 2202A, 2203, 2636, 2692, 2731, 2753, 2762, 2824, 2833, 2886, 2895, 2944, 2953, 3362, 3362W?

The Sub Registrar Office that covers this area is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near 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 is a crucial factor in the registration of property transactions in Naduvakkarai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property. Buyers and sellers must be aware of this value to ensure compliance with local regulations.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for AL- Block, 11th Main Road?

The current guideline value for AL- Block, 11th Main Road 2198 to 2202, 2202A, 2203, 2636, 2692, 2731, 2753, 2762, 2824, 2833, 2886, 2895, 2944, 2953, 3362, 3362W 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 changed several times, with the most recent increase being from Rs 11,500 per sq.ft in 2023 to Rs 12,600 per sq.ft in 2024. Overall, from 2007 to 2024, the value has increased by 15%.

What is the stamp duty rate in Naduvakkarai?

The stamp duty rate in Naduvakkarai is 7% of the guideline value or sale price, whichever is higher. This is applicable during property registration.

Where is the AnnaNagar Sub Registrar Office located?

The AnnaNagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near Nolambur Eb Office.

How can I calculate the registration fees?

You can calculate the registration fees using the stamp duty and registration fee calculator provided by the registration department.