Guideline Value for Block AC 3rd Street -40’

Block AC 3rd Street -40’ guideline value

The current guideline value of Block AC 3rd Street -40’ 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 AC 3rd Street -40’ has changed

Looking at the historical revisions, the guideline value for Block AC 3rd Street -40’ has seen significant changes over the years. In 2007, the guideline value was Rs 10,000 per sq.ft, which increased to Rs 10,500 per sq.ft in 2012. However, it then decreased to Rs 7,035 per sq.ft in 2017. The value rose again to Rs 10,500 per sq.ft in 2023, and most recently, it has increased to Rs 11,500 per sq.ft in 2024, marking a 10% increase from the previous year.

Between the 2017 and 2023 revisions, there was a notable increase of 49%. The 2012 to 2017 period saw a decrease of 33%, while the change from 2007 to 2012 was a modest increase of 5%. Overall, from 2007 to 2024, the guideline value has risen by 15%. It is important to note that the register has no figures for this street in 2002 and 2003.

Guideline values in Naduvakkarai

Naduvakkarai village 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 value for these streets is Rs 11,500 per sq.ft, which is the same as the current guideline value for Block AC 3rd Street -40’. Below are the guideline values for other streets in Naduvakkarai:

• Block AC 2nd Street -40’: Rs 11,500 per sq.ft (2024)
• Block AC 4th Street -40’: Rs 11,500 per sq.ft (2024)
• Block AC 1st Street -40’: Rs 11,500 per sq.ft (2024)
• Block AD 1st Street -25’: Rs 11,500 per sq.ft (2024)
• Block AB 5th Street -30’: Rs 11,500 per sq.ft (2024)
• Block AD 2nd Street -25’: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in Block AC 3rd Street -40’

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, and the registration fee at 2% would be Rs 2,30,000, totaling 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 details.

Which Sub Registrar Office covers Block AC 3rd Street -40’?

The Sub Registrar Office that covers Block AC 3rd Street -40’ is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Naduvakkarai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Block AC 3rd Street -40’?

The current guideline value of Block AC 3rd Street -40’ 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 significantly 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.

Where can I find the registration office for this property?

The registration office for Block AC 3rd Street -40’ is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the stamp duty for property in this area?

The stamp duty for property in Block AC 3rd Street -40’ is 7% of the guideline value or sale price, whichever is higher.

What is the land classification for Block AC 3rd Street -40’?

The land classification for Block AC 3rd Street -40’ is Residential Special Type - II, which is important for understanding the zoning and usage regulations in the area.