Guideline Value

Corporate

Guideline Value for AL- Block, 4th Avenue 107 to 115, 170, MIG Flats

₹15900/sq.ft.

The guideline value for Al- Block, 4th Avenue 107 To 115, 170, Mig Flats in Naduvakkarai village (Annanagar SRO, Chennai zone) is Rs 15900 per sq.ft, effective 1 July 2024. It was Rs 14500 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Naduvakkarai

Village

AnnaNagar

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹15900 /sq.ft.
From 1-4-2023 ₹14500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹9715 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹14500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹13500 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 ( Near By Nolambur Eb Office )
044-29561062
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Al- Block, 4th Avenue 107 To 115, 170, Mig Flats

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AL- Block, 4th Avenue 107 to 115, 170, MIG Flats guideline value

The current guideline value for AL- Block, 4th Avenue 107 to 115, 170, MIG Flats is Rs 15,900 per sq.ft, effective from 1 July 2024. This property is located in Naduvakkarai village and falls under the AnnaNagar SRO. The land classification for this area is Commercial Class I Type - I.

How the guideline value of AL- Block, 4th Avenue 107 to 115, 170, MIG Flats has changed

The guideline value for this street has seen several revisions over the years. In 2007, the value was Rs 13,500 per sq.ft, which increased to Rs 14,500 per sq.ft in 2012. However, it then decreased to Rs 9,715 per sq.ft in 2017. Following this, the value significantly increased to Rs 14,500 per sq.ft in 2023, and finally to Rs 15,900 per sq.ft in the 2024 revision. The register has no figures for the years 2002 and 2003.

Between the revisions, the changes include a 7% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, a 49% increase from 2017 to 2023, and a 10% increase from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 18%.

Guideline values in Naduvakkarai

Naduvakkarai has 148 streets under the AnnaNagar SRO with a 2024 guideline value 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, making the 2024 figure for AL- Block, 4th Avenue 107 to 115, 170, MIG Flats above the median.

Stamp duty and registration fee for property in AL- Block, 4th Avenue 107 to 115, 170, MIG Flats

For a 1,000 sq.ft plot at the current guideline value of Rs 15,900 per sq.ft, the total guideline value amounts to Rs 1,59,00,000. The stamp duty at 7% would be Rs 11,13,000, and the registration fee at 2% would be Rs 3,18,000, bringing the total fees to Rs 14,31,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers AL- Block, 4th Avenue 107 to 115, 170, MIG Flats?

The Sub Registrar Office that covers AL- Block, 4th Avenue 107 to 115, 170, MIG Flats is the AnnaNagar Sub Registrar Office. The address is 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

The guideline value plays a crucial role in the registration process of property transactions in Naduvakkarai. It is the minimum value set by the government for property registration, ensuring that properties are registered at a fair value.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers must pay these fees based on the higher of the guideline value or the sale price, which is essential for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value for AL- Block, 4th Avenue 107 to 115, 170, MIG Flats?

The current guideline value for AL- Block, 4th Avenue 107 to 115, 170, MIG Flats is Rs 15,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 13,500 per sq.ft in 2007 to Rs 14,500 per sq.ft in 2012, then decreasing to Rs 9,715 per sq.ft in 2017. It increased to Rs 14,500 per sq.ft in 2023 and is currently Rs 15,900 per sq.ft in 2024.

What is the land classification for this area?

The land classification for AL- Block, 4th Avenue 107 to 115, 170, MIG Flats is Commercial Class I Type - I.

Where can I find the registration office for this property?

The registration office for this property is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 1,59,00,000, the total fees would amount to Rs 14,31,000.