Guideline Value for Block AD 4th Street -25’

Block AD 4th Street -25’ guideline value

The current guideline value of Block AD 4th 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. The land classification for this area is Residential Special Type - II.

How the guideline value of Block AD 4th Street -25’ has changed

The guideline value for Block AD 4th Street -25’ has seen several revisions over the years. The earliest recorded revision is from 2007, which set the value at Rs 10,000 per sq.ft. This increased to Rs 10,500 per sq.ft in 2012, followed by a decrease to Rs 7,035 per sq.ft in 2017. The value rose significantly to Rs 10,500 per sq.ft in 2023, and the latest revision for 2024 is Rs 11,500 per sq.ft. Notably, the register has no figures for the years 2002 and 2003.

From 2017 to 2023, there was a substantial increase of 49%. The value then increased by 10% from 2023 to 2024. In contrast, the value decreased by 33% from 2012 to 2017. Overall, from 2007 to 2024, the guideline value increased by 15%.

Guideline values in Naduvakkarai

Naduvakkarai has a total of 148 streets under the AnnaNagar SRO, with 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 AD 4th Street -25’.

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

Which Sub Registrar Office covers Block AD 4th Street -25’?

The Sub Registrar Office covering Block AD 4th 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 learn more about your SRO, you can find your SRO.

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

The guideline value is a critical factor during the registration process when buying or selling property in Naduvakkarai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the official registry.

Frequently asked questions

What is the current guideline value for Block AD 4th Street -25’?

The current guideline value for Block AD 4th 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, with several revisions in between. The most significant increase occurred from 2017 to 2023, where it rose by 49%.

What is the land classification for Block AD 4th Street -25’?

The land classification for Block AD 4th Street -25’ is Residential Special Type - II, which indicates the type of development permissible in this area.

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 is Rs 8,05,000 and the registration fee is Rs 2,30,000, totaling Rs 10,35,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the AnnaNagar Sub Registrar Office located?

The AnnaNagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. This office handles the registration of properties in the area.