Guideline Value for Block AB 4th Street -30’

Block AB 4th Street -30’ guideline value

The current guideline value for Block AB 4th Street -30’ in Naduvakkarai village is Rs 11,500 per sq.ft, effective from 1 July 2024. This property falls under the AnnaNagar SRO and is classified as Residential Special Type - II.

How the guideline value of Block AB 4th Street -30’ has changed

The guideline value for Block AB 4th Street -30’ has undergone several revisions over the years. In 2007, the value was Rs 10,000 per sq.ft, which increased to Rs 10,500 per sq.ft in 2012. However, it saw a decrease to Rs 7,035 per sq.ft in 2017. The value then rose significantly to Rs 10,500 per sq.ft in 2023, and the latest revision in 2024 set it at Rs 11,500 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. The values for the years 2002 and 2003 are not available in the register for this street, indicating that no figures were recorded for those years. Overall, from 2007 to 2024, the guideline value has increased by 15%.

Guideline values in Naduvakkarai

Naduvakkarai village has a total of 148 streets under the AnnaNagar SRO that carry a 2024 guideline value, 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 for Block AB 4th Street -30’.

• Block AB 3rd Street -30’: Rs 11,500 per sq.ft (2024)
• Block AB 5th Street -30’: Rs 11,500 per sq.ft (2024)
• Block AB 2nd Street -30’: Rs 11,500 per sq.ft (2024)
• Block AC 1st Street -40’: Rs 11,500 per sq.ft (2024)
• Block AB 1st Street -30’: Rs 11,500 per sq.ft (2024)
• Block AC 2nd Street -40’: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in Block AB 4th 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 would be Rs 1,15,00,000. The stamp duty at 7% would amount to Rs 8,05,000, while the registration fee at 2% would be Rs 2,30,000, bringing the total to Rs 10,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Block AB 4th Street -30’?

The Sub Registrar Office that covers Block AB 4th Street -30’ is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when buying or selling property in Naduvakkarai. It serves as the basis for calculating the stamp duty and registration fees during the registration process. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When a property is registered, the guideline value is used to determine the applicable taxes. It is essential to verify the guideline value before proceeding with any transactions to avoid discrepancies and ensure a smooth registration process.

Frequently asked questions

What is the current guideline value for Block AB 4th Street -30’?

The current guideline value for Block AB 4th 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, reflecting an overall increase of 15% over the period.

What is the land classification for Block AB 4th Street -30’?

Block AB 4th Street -30’ is classified as Residential Special Type - II under the guideline value register.

What are the stamp duty rates applicable?

The stamp duty for property transactions in this area is set at 7% of the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office for Block AB 4th Street -30’ is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.