Guideline Value for Block AD 3rd Street -25’

Block AD 3rd Street -25’ guideline value

The current guideline value of Block AD 3rd Street -25’ is Rs 11,500 per sq.ft, effective from 1 July 2024. This street is located in Naduvakkarai village under the AnnaNagar SRO, classified as Residential Special Type - II.

How the guideline value of Block AD 3rd Street -25’ has changed

The guideline value for Block AD 3rd Street -25’ has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 10,000 per sq.ft. It increased by 5% to Rs 10,500 per sq.ft in 2012. However, from 2012 to 2017, there was a significant decrease of 33%, bringing the value down to Rs 7,035 per sq.ft. The following revision in 2023 saw a substantial increase of 49%, raising the value to Rs 10,500 per sq.ft, and the most recent revision in 2024 set the value at Rs 11,500 per sq.ft, reflecting a 10% increase from 2023.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 15%.

Guideline values in Naduvakkarai

In Naduvakkarai, there are 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 value is Rs 11,500 per sq.ft, which is the same as the guideline value for Block AD 3rd Street -25’.

• Block AD 2nd Street -25’: Rs 11,500 per sq.ft (2024)
• Block AD 4th Street -25’: Rs 11,500 per sq.ft (2024)
• Block AD 1st Street -25’: Rs 11,500 per sq.ft (2024)
• Block AC 4th Street -40’: Rs 11,500 per sq.ft (2024)
• Block AC 3rd Street -40’: 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 AD 3rd 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 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, bringing the total cost 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 accurate calculations.

Which Sub Registrar Office covers Block AD 3rd Street -25’?

The Sub Registrar Office covering Block AD 3rd 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 is a crucial factor in property transactions in Naduvakkarai, as it determines the minimum value at which a property can be registered. Buyers and sellers must be aware that the guideline value is used to calculate stamp duty and registration fees during the transaction process.

When buying or selling property, it is essential to ensure that the sale price is at least equal to the guideline value to avoid any legal complications. The registration office relies on the guideline value to assess the value of the property for taxation purposes.

Frequently asked questions

What is the current guideline value of Block AD 3rd Street -25’?

The current guideline value of Block AD 3rd 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 an overall increase of 15% over the years.

What is the land classification for Block AD 3rd Street -25’?

Block AD 3rd Street -25’ is classified as Residential Special Type - II under the AnnaNagar SRO.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 1,15,00,000, the total fees would amount to Rs 10,35,000.

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

The Sub Registrar Office for Block AD 3rd Street -25’ is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.