Guideline Value for Block AC 4th Street -40’

Block AC 4th Street -40’ guideline value

The current guideline value of Block AC 4th 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, classified as Residential Special Type - II.

How the guideline value of Block AC 4th Street -40’ has changed

Over the years, the guideline value of Block AC 4th Street -40’ has seen several revisions. The 2007 revision set the value at Rs 10,000 per sq.ft, which increased to Rs 10,500 per sq.ft in 2012. However, it then dropped to Rs 7,035 per sq.ft in 2017. This was followed by a significant increase to Rs 10,500 per sq.ft in 2023, and finally, the current value of Rs 11,500 per sq.ft from the 2024 revision. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, there was a notable increase of 49%, while the jump from 2023 to 2024 reflects a 10% rise. The value decreased by 33% from 2012 to 2017, and there was a modest increase of 5% from 2007 to 2012. 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, with the 2024 guideline values ranging from Rs 3,300 to Rs 15,900 per sq.ft. The median value is Rs 11,500 per sq.ft, which is equal to the current guideline value of Block AC 4th Street -40’.

• Block AC 3rd Street -40’: Rs 11,500 per sq.ft (2024)
• Block AD 1st Street -25’: Rs 11,500 per sq.ft (2024)
• Block AC 2nd Street -40’: Rs 11,500 per sq.ft (2024)
• Block AD 2nd Street -25’: Rs 11,500 per sq.ft (2024)
• Block AC 1st Street -40’: Rs 11,500 per sq.ft (2024)
• Block AD 3rd Street -25’: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in Block AC 4th 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 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, 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 4th Street -40’?

The Sub Registrar Office that covers Block AC 4th 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, visit find your SRO.

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

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

When buying or selling property, the guideline value serves as a reference point for both parties involved in the transaction. It is essential to be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Block AC 4th Street -40’?

The current guideline value of Block AC 4th 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 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 years.

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.

Which Sub Registrar Office covers this street?

The AnnaNagar Sub Registrar Office covers Block AC 4th Street -40’, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for Block AC 4th Street -40’?

The land classification for Block AC 4th Street -40’ is Residential Special Type - II, indicating its suitability for residential development.