Guideline Value for AL- Block, 7th Main Road 2953 to 2975, 8409

AL- Block, 7th Main Road 2953 to 2975, 8409 guideline value

The current guideline value for AL- Block, 7th Main Road 2953 to 2975, 8409 is Rs 12,100 per sq.ft, effective from 1 July 2024. This property is located in Naduvakkarai village and falls under the AnnaNagar SRO. The land classification is Residential Class I Type - I.

How the guideline value of AL- Block, 7th Main Road 2953 to 2975, 8409 has changed

Over the years, the guideline value for AL- Block, 7th Main Road has seen several revisions. The 2007 revision set the value at Rs 11,000 per sq.ft, which remained unchanged until the 2012 revision, also at Rs 11,000 per sq.ft. However, in 2017, the guideline value dropped to Rs 7,370 per sq.ft. Following this, there was a significant increase to Rs 11,000 per sq.ft in 2023, and a further increase to Rs 12,100 per sq.ft in 2024, marking a 10% rise from the previous year.

From 2017 to 2023, the increase was 49%, while from 2012 to 2017, there was a decrease of 33%. Overall, from 2007 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Naduvakkarai

Naduvakkarai has a total of 148 streets under the AnnaNagar SRO with the 2024 guideline values ranging from Rs 3,300 to Rs 15,900 per sq.ft. The median guideline value for the village is Rs 11,500 per sq.ft, placing the 2024 guideline value for AL- Block, 7th Main Road above this median.

• AL Block 4th 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 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)

Stamp duty and registration fee for property in AL- Block, 7th Main Road 2953 to 2975, 8409

For a 1,000 sq.ft plot at the current rate of Rs 12,100 per sq.ft, the guideline value amounts to Rs 1,21,00,000. The stamp duty at 7% would be Rs 8,47,000, and the registration fee at 2% would be Rs 2,42,000, totaling Rs 10,89,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can calculate your stamp duty and registration fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers AL- Block, 7th Main Road 2953 to 2975, 8409?

The Sub Registrar Office that covers AL- Block, 7th Main Road 2953 to 2975, 8409 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 here.

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

The guideline value is a crucial factor in property transactions in Naduvakkarai. It determines the minimum value at which a property can be registered, ensuring that the government collects appropriate stamp duty and registration fees based on this value.

When buying or selling property, both parties must consider the guideline value as it affects the overall cost of the transaction. The stamp duty and registration fees are calculated based on this value, ensuring transparency in property dealings.

Frequently asked questions

What is the current guideline value for AL- Block, 7th Main Road 2953 to 2975, 8409?

The current guideline value for AL- Block, 7th Main Road 2953 to 2975, 8409 is Rs 12,100 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 11,000 per sq.ft in 2007, dropping to Rs 7,370 per sq.ft in 2017, and increasing to Rs 12,100 per sq.ft by 2024.

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft plot, the stamp duty would be Rs 8,47,000 and the registration fee would be Rs 2,42,000, totaling Rs 10,89,000 based on the current guideline value.

Which Sub Registrar Office covers this area?

The AnnaNagar Sub Registrar Office covers AL- Block, 7th Main Road 2953 to 2975, 8409, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the median guideline value in Naduvakkarai?

The median guideline value in Naduvakkarai is Rs 11,500 per sq.ft, with AL- Block, 7th Main Road's 2024 value being above this median.