Guideline Value for Block AB 3rd Street -30’

Block AB 3rd Street -30’ guideline value

The current guideline value for Block AB 3rd Street -30’ is Rs 11,500 per sq.ft, effective from 1 July 2024. 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 Block AB 3rd Street -30’ has changed

Over the years, the guideline value for Block AB 3rd Street -30’ has seen several revisions. The earliest recorded figure is from 2007, which was Rs 10,000 per sq.ft. This increased to Rs 10,500 per sq.ft in 2012, then decreased 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 currently stands at Rs 11,500 per sq.ft as of the 2024 revision. The register has no figure for this street in 2002 and 2003.

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

Guideline values in Naduvakkarai

Naduvakkarai has a total of 148 streets under the AnnaNagar SRO, with guideline values ranging from Rs 3,300 to Rs 15,900 per sq.ft. The median guideline value for these streets is Rs 11,500 per sq.ft, which matches the current value of Block AB 3rd Street -30’.

• Block AB 2nd Street -30’: Rs 11,500 per sq.ft (2024)
• Block AB 4th Street -30’: Rs 11,500 per sq.ft (2024)
• Block AB 1st Street -30’: Rs 11,500 per sq.ft (2024)
• Block AB 5th Street -30’: Rs 11,500 per sq.ft (2024)
• Block AA 4th Street -30’: Rs 11,500 per sq.ft (2024)
• Block AC 1st Street -40’: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in Block AB 3rd Street -30’

For a 1,000 sq.ft plot at the current guideline value of Rs 11,500 per sq.ft, the total guideline value amounts to Rs 1,15,00,000. The stamp duty at 7% would be Rs 8,05,000, and the registration fee at 2% would be Rs 2,30,000, together totaling 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 use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Block AB 3rd Street -30’?

The Sub Registrar Office that covers Block AB 3rd 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 an essential factor in property transactions in Naduvakkarai. It serves as a benchmark for calculating stamp duty and registration fees during the registration process. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. This ensures that the registration process reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value for Block AB 3rd Street -30’?

The current guideline value for Block AB 3rd 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, with various revisions in between, including a decrease to Rs 7,035 per sq.ft in 2017.

What is the land classification for Block AB 3rd Street -30’?

The land classification for Block AB 3rd Street -30’ is Residential Special Type - II.

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

The Sub Registrar Office for Block AB 3rd Street -30’ is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 1,15,00,000, the stamp duty would be Rs 8,05,000, and the registration fee would be Rs 2,30,000, totaling Rs 10,35,000.