Guideline Value for W Block C-19,4664B,4665 to 4674 Second Avenue

W Block C-19,4664B,4665 to 4674 Second Avenue guideline value

The current guideline value for W Block C-19,4664B,4665 to 4674 Second Avenue is Rs 14,800 per sq.ft, effective from 1 July 2024. This property is located in Naduvakkarai village and falls under the AnnaNagar SRO. The land classification for this area is Mixed Type - I.

How the guideline value of W Block C-19,4664B,4665 to 4674 Second Avenue has changed

The guideline value has seen several revisions over the years. In 2007, the value was Rs 13,500 per sq.ft, which remained unchanged until the 2012 revision, where it also stood at Rs 13,500 per sq.ft. However, in 2017, the value decreased to Rs 9,045 per sq.ft, marking a significant drop of 33%. The value then increased to Rs 13,500 per sq.ft in 2023, and further rose to Rs 14,800 per sq.ft in 2024, reflecting a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has increased by 10%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Naduvakkarai

Naduvakkarai village has 148 streets under the AnnaNagar SRO, with guideline values ranging from Rs 3,300 to Rs 15,900 per sq.ft. The median value in this area is Rs 11,500 per sq.ft, making the current value for this street above the median.

• W-Block, Ist Main Road: Rs 12,600 per sq.ft (2024)
• W-Block, 3rd Main Road: Rs 12,600 per sq.ft (2024)
• W-Block, 2nd Main Road: Rs 12,600 per sq.ft (2024)
• W-Block, Streets: Rs 11,500 per sq.ft (2024)
• W Block 2nd Avenue: Rs 15,900 per sq.ft (2024)
• X Block Second Avenue C-45A,C46,C46A, B,C 47 C48 Ayyappa Temple Avin LIC Office, Tower Block, TNHB Office: Rs 15,900 per sq.ft (2024)

Stamp duty and registration fee for property in W Block C-19,4664B,4665 to 4674 Second Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 14,800 per sq.ft, the total guideline value amounts to Rs 1,48,00,000. The stamp duty at 7% would be Rs 10,36,000, and the registration fee at 2% would be Rs 2,96,000, bringing the total cost for these fees to Rs 13,32,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers W Block C-19,4664B,4665 to 4674 Second Avenue?

The Sub Registrar Office that covers W Block C-19,4664B,4665 to 4674 Second Avenue is the AnnaNagar Sub Registrar Office. Its address is Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately in the government registry. This process aids in maintaining transparency and legality in property dealings within the region.

Frequently asked questions

What is the current guideline value for W Block C-19,4664B,4665 to 4674 Second Avenue?

The current guideline value for W Block C-19,4664B,4665 to 4674 Second Avenue is Rs 14,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 13,500 per sq.ft in 2007 to Rs 9,045 per sq.ft in 2017, then increased to Rs 13,500 per sq.ft in 2023, and finally to Rs 14,800 per sq.ft in 2024.

What is the land classification for this area?

The land classification for W Block C-19,4664B,4665 to 4674 Second Avenue is Mixed Type - I.

What are the stamp duty rates for properties in this area?

The stamp duty rate for properties in this area is 7%, calculated on the higher of the guideline value or the sale price.

Where is the 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.