Guideline Value for Block AD 1st Street -25’

Block AD 1st Street -25’ guideline value

The current guideline value of Block AD 1st Street -25’ 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 AD 1st Street -25’ has changed

The guideline value for Block AD 1st Street -25’ has undergone several revisions over the years. In 2007, the value was Rs 10,000 per sq.ft, which increased by 5% to Rs 10,500 per sq.ft in 2012. However, from 2012 to 2017, the value decreased by 33% to Rs 7,035 per sq.ft. The subsequent revision in 2023 saw a significant increase of 49%, bringing the value to Rs 10,500 per sq.ft, which then rose by 10% to the current value of Rs 11,500 per sq.ft in 2024.

The register has no figures for the years 2002 and 2003 for this street. 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 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 for Block AD 1st Street -25’.

• Block AC 4th Street -40’: Rs 11,500 per sq.ft (2024)
• Block AD 2nd Street -25’: Rs 11,500 per sq.ft (2024)
• Block AC 3rd Street -40’: Rs 11,500 per sq.ft (2024)
• Block AD 3rd Street -25’: Rs 11,500 per sq.ft (2024)
• Block AC 2nd Street -40’: Rs 11,500 per sq.ft (2024)
• Block AD 4th Street -25’: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in Block AD 1st Street -25’

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 stamp duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Block AD 1st Street -25’?

The Sub Registrar Office that covers Block AD 1st Street -25’ 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 plays a crucial role in the registration process when buying or selling property in Naduvakkarai. It serves as a benchmark for determining the minimum value on which stamp duty and registration fees are calculated.

When a property is sold, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Block AD 1st Street -25’?

The current guideline value of Block AD 1st Street -25’ 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 a 15% increase overall from 2007 to 2024.

What is the stamp duty rate for property in Block AD 1st Street -25’?

The stamp duty rate for property in Block AD 1st Street -25’ is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Block AD 1st Street -25’ located?

The Sub Registrar Office for Block AD 1st Street -25’ is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

What is the land classification for Block AD 1st Street -25’?

Block AD 1st Street -25’ is classified as Residential Special Type - II under the Tamil Nadu guideline value system.