Guideline Value for X Block Second Avenue C-45a,c46,c46a, B,c 47 C48 Ayyappa Temple Avin Lic Office, Tower Block, Tnhb Office

X Block Second Avenue C-45A,C46,C46A, B,C 47 C48 Ayyappa Temple Avin LIC Office, Tower Block, TNHB Office guideline value

The current guideline value for X Block Second Avenue C-45A,C46,C46A, B,C 47 C48 Ayyappa Temple Avin LIC Office, Tower Block, TNHB Office is Rs 15,900 per sq.ft, effective from 1 July 2024. This property is located in Naduvakkarai village and falls under the AnnaNagar SRO. The land classification is Commercial Class I Type - I.

How the guideline value of X Block Second Avenue C-45A,C46,C46A, B,C 47 C48 Ayyappa Temple Avin LIC Office, Tower Block, TNHB Office has changed

Since the 2007 revision, the guideline value has seen a steady increase. The 2007 revision recorded a value of Rs 13,500 per sq.ft, which rose to Rs 14,500 per sq.ft in the 2012 revision. However, there was a decrease to Rs 9,715 per sq.ft in the 2017 revision. Following this, the value surged to Rs 14,500 per sq.ft in 2023, and now stands at Rs 15,900 per sq.ft in the 2024 revision. The overall change from 2007 to 2024 is an increase of 18%.

From 2017 to 2023, the value increased by 49%, while the 2012 to 2017 period saw a decrease of 33%. The most recent change from 2023 to 2024 reflects a 10% increase. The register has no figure for this street for the years 2002 and 2003.

Guideline values in Naduvakkarai

In Naduvakkarai, there are 148 streets under the AnnaNagar SRO with a 2024 guideline value 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, indicating that the guideline value for this street is above that median.

• Y Block 1st Street: Rs 12,600 per sq.ft (2024)
• Y Block 3rd Street: Rs 12,600 per sq.ft (2024)
• W-Block, Streets: Rs 11,500 per sq.ft (2024)
• W-Block, Ist Main Road: Rs 12,600 per sq.ft (2024)
• W Block C-19,4664B,4665 to 4674 Second Avenue: Rs 14,800 per sq.ft (2024)
• 3RD AVENUE (New Colony): Rs 15,900 per sq.ft (2024)

Stamp duty and registration fee for property in X Block Second Avenue C-45A,C46,C46A, B,C 47 C48 Ayyappa Temple Avin LIC Office, Tower Block, TNHB Office

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 1,59,00,000. The stamp duty at 7% amounts to Rs 11,13,000, and the registration fee at 2% is Rs 3,18,000, totaling Rs 14,31,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers X Block Second Avenue C-45A,C46,C46A, B,C 47 C48 Ayyappa Temple Avin LIC Office, Tower Block, TNHB Office?

The Sub Registrar Office that covers X Block Second Avenue C-45A,C46,C46A, B,C 47 C48 Ayyappa Temple Avin LIC Office, Tower Block, TNHB Office is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By 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 an essential factor in the registration process when buying or selling property in Naduvakkarai. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the authorities.

When a property transaction occurs, the buyer must pay the stamp duty and registration fee based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions, reflecting the property's worth as determined by the guideline value.

Frequently asked questions

What is the current guideline value for X Block Second Avenue?

The current guideline value for X Block Second Avenue C-45A,C46,C46A, B,C 47 C48 Ayyappa Temple Avin LIC Office, Tower Block, TNHB Office is Rs 15,900 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 15,900 per sq.ft in 2024, reflecting an overall increase of 18%. The most significant increase occurred between the 2017 and 2023 revisions, where it rose by 49%.

What is the land classification for this area?

The land classification for X Block Second Avenue C-45A,C46,C46A, B,C 47 C48 Ayyappa Temple Avin LIC Office, Tower Block, TNHB Office is Commercial Class I Type - I.

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

The Sub Registrar Office covering this property is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office).

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 1,59,00,000, the stamp duty at 7% would be Rs 11,13,000.