Guideline Value for AM- Block 14th Main Road

AM- Block 14th Main Road guideline value

The current guideline value of AM- Block 14th Main Road is Rs 12,600 per sq.ft, effective from 1 July 2024. This street is located in Naduvakkarai village, under the AnnaNagar SRO, and is classified as Residential Special Type - I.

How the guideline value of AM- Block 14th Main Road has changed

The guideline value for AM- Block 14th Main Road has experienced several revisions over the years. In 2012, the guideline value was Rs 11,500 per sq.ft. This figure remained the same in the subsequent revision in 2017, where it was adjusted to Rs 7,705 per sq.ft, marking a decrease of 33%. The next revision in 2023 saw a significant increase to Rs 11,500 per sq.ft, followed by the latest revision in 2024, which set the value at Rs 12,600 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 10%. The revisions for the years 2002, 2003, and 2007 do not have figures recorded for this street.

Guideline values in Naduvakkarai

Naduvakkarai village has a range of guideline values for its 148 streets under the AnnaNagar SRO, with values varying 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, placing AM- Block 14th Main Road's 2024 figure above that median.

• Ambedkat Street: Rs 3,300 per sq.ft (2024)
• Ambedkar Streeet , New Colony: Rs 5,400 per sq.ft (2024)
• Ambedkar Nagar: Rs 3,300 per sq.ft (2024)
• AL Block 4th Street – 30’: Rs 11,500 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)

Stamp duty and registration fee for property in AM- Block 14th Main Road

For a 1,000 sq.ft plot at the current rate of Rs 12,600 per sq.ft, the guideline value amounts to Rs 1,26,00,000. The stamp duty at 7% would be Rs 8,82,000, while the registration fee at 2% would be Rs 2,52,000, bringing the total to Rs 11,34,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers AM- Block 14th Main Road?

The AM- Block 14th Main Road falls under 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 details.

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

The guideline value is a crucial factor when registering property transactions in Naduvakkarai. It serves as a benchmark for determining the minimum value of the property for registration purposes, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value will be used to calculate the applicable stamp duty and registration fees, which are essential for completing the transaction legally. It is advisable to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of AM- Block 14th Main Road?

The current guideline value of AM- Block 14th Main Road 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 from Rs 11,500 per sq.ft in 2012 to Rs 7,705 per sq.ft in 2017, then increased to Rs 11,500 per sq.ft in 2023, and finally to Rs 12,600 per sq.ft in 2024.

What is the classification of land on AM- Block 14th Main Road?

The land classification for AM- Block 14th Main Road is Residential Special Type - I.

Where can I find the registration office for AM- Block 14th Main Road?

The registration office for AM- Block 14th Main Road is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for property in AM- Block 14th Main Road?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would amount to Rs 8,82,000.