Guideline Value for W-Block, 3rd Main Road

W-Block, 3rd Main Road guideline value

The current guideline value for W-Block, 3rd Main Road is Rs 12,600 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 Residential Special Type - I.

How the guideline value of W-Block, 3rd Main Road has changed

Over the years, the guideline value of W-Block, 3rd Main Road has seen several revisions. The 2012 revision set the value at Rs 11,500 per sq.ft, which was then revised to Rs 7,705 per sq.ft in 2017. Following this, the 2023 revision increased the value to Rs 11,500 per sq.ft, and the most recent revision in 2024 raised it to Rs 12,600 per sq.ft.

In terms of percentage changes, the guideline value increased by 49% from 2017 to 2023, and then by 10% from 2023 to 2024. Notably, there was a decrease of 33% from the 2012 revision to the 2017 revision. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Naduvakkarai

Naduvakkarai village 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 guideline value in this area is Rs 11,500 per sq.ft, placing W-Block, 3rd Main Road above this median.

• W-Block, 2nd Main Road: Rs 12,600 per sq.ft (2024)
• W Block 2nd Avenue: Rs 15,900 per sq.ft (2024)
• W Block C-19,4664B,4665 to 4674 Second Avenue: Rs 14,800 per sq.ft (2024)
• W-Block, Ist Main Road: Rs 12,600 per sq.ft (2024)
• W-Block, Streets: Rs 11,500 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, 3rd Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 12,600 per sq.ft, the total guideline value amounts to Rs 1,26,00,000. The stamp duty at 7% would be Rs 8,82,000, and the registration fee at 2% would be Rs 2,52,000, bringing the total fees to Rs 11,34,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers W-Block, 3rd Main Road?

The Sub Registrar Office that covers W-Block, 3rd Main Road is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more details.

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 serves as a benchmark for determining the minimum value of a property, which is essential for calculating stamp duty and registration fees during the sale or purchase of property.

When registering a property, the guideline value ensures that the transaction is documented at a fair value, which helps in maintaining transparency in the real estate market. Buyers and sellers must be aware of the guideline value to understand the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value for W-Block, 3rd Main Road?

The current guideline value for W-Block, 3rd Main Road is Rs 12,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 11,500 per sq.ft in 2012 to Rs 7,705 per sq.ft in 2017, then to Rs 11,500 per sq.ft in 2023, and finally to Rs 12,600 per sq.ft in 2024.

What is the land classification for W-Block, 3rd Main Road?

The land classification for W-Block, 3rd Main Road is Residential Special Type - I.

Where can I find the registration office for W-Block, 3rd Main Road?

The registration office for W-Block, 3rd Main Road is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in Naduvakkarai?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 1,26,00,000, the stamp duty at 7% would be Rs 8,82,000.