Guideline Value for W-Block, Ist Main Road

W-Block, Ist Main Road guideline value

The current guideline value for W-Block, Ist Main Road in Naduvakkarai village is Rs 12,600 per sq.ft, effective from 1 July 2024. This property falls under the AnnaNagar SRO and is classified as Residential Special Type - I.

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

Over the years, the guideline value for W-Block, Ist Main Road has seen several revisions. The 2012 revision set the value at Rs 11,500 per sq.ft, which was a decrease of 33% from the Rs 7,705 per sq.ft recorded in the 2017 revision. The guideline value then increased significantly by 49% to Rs 11,500 per sq.ft in 2023, followed by a further increase of 10% to the current value of Rs 12,600 per sq.ft in 2024.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Naduvakkarai

Naduvakkarai has 148 streets under the AnnaNagar SRO, with guideline values ranging from Rs 3,300 to Rs 15,900 per sq.ft. The median guideline value in the village is Rs 11,500 per sq.ft, making the 2024 figure for W-Block, Ist Main Road above this median.

• W-Block, Streets: Rs 11,500 per sq.ft (2024)
• W Block C-19,4664B,4665 to 4674 Second Avenue: Rs 14,800 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 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, Ist 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 would be Rs 1,26,00,000. The stamp duty at 7% would amount to Rs 8,82,000, and the registration fee at 2% would be Rs 2,52,000, bringing the total to Rs 11,34,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

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

The Sub Registrar Office that covers W-Block, Ist 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 information.

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

The guideline value plays a crucial role in the registration process of property transactions in Naduvakkarai. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these charges are based on the official value set by the government.

When buying or selling property, it is essential to be aware of the current guideline value, as it can affect the overall cost of the transaction. Buyers should ensure that they are prepared for the associated fees, which are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

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

The current guideline value for W-Block, Ist 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 are the stamp duty and registration fees for property in W-Block, Ist Main Road?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 8,82,000 and the registration fee would be Rs 2,52,000, totaling Rs 11,34,000.

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

The AnnaNagar Sub Registrar Office covers W-Block, Ist Main Road, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

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

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