Guideline Value for Y BLOCK 3RD STREET

Y Block 3rd Street guideline value

The current guideline value of Y Block 3rd Street is Rs 12,600 per sq.ft, effective from 1 July 2024. This street is located in Naduvakkarai village under the AnnaNagar SRO, classified as Residential Special Type - I.

How the guideline value of Y Block 3rd Street has changed

The guideline value for Y Block 3rd Street has seen significant changes over the years. The 2017 revision recorded a value of Rs 7,705 per sq.ft. This increased to Rs 11,500 per sq.ft in the 2023 revision, representing a 49% increase. The most recent revision in 2024 raised the guideline value to Rs 12,600 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Naduvakkarai

Naduvakkarai village has a total of 148 streets under the AnnaNagar SRO that carry 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, placing Y Block 3rd Street's 2024 value above this median.

• Y Block 1st Street: Rs 12,600 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)
• 3RD AVENUE (New Colony): Rs 15,900 per sq.ft (2024)
• 4TH AVENUE (New Colony): Rs 15,900 per sq.ft (2024)
• 5th Street – 30 (Except Plot no 3347): Rs 11,500 per sq.ft (2024)
• 5th Street – 30 (Plot no 3347 only): Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in Y Block 3rd Street

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 together to Rs 11,34,000. It is essential 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 Y Block 3rd Street?

The Y Block 3rd Street falls under the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. For additional information, you can find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Naduvakkarai. It serves as a benchmark for determining the value of the property, which is essential for calculating stamp duty and registration fees.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately with the appropriate fees applied. This value is particularly important for legal and financial documentation during the registration process.

Frequently asked questions

What is the current guideline value of Y Block 3rd Street?

The current guideline value of Y Block 3rd Street 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 increased from Rs 7,705 per sq.ft in 2017 to Rs 11,500 per sq.ft in 2023, and then to Rs 12,600 per sq.ft in 2024.

What is the land classification for Y Block 3rd Street?

Y Block 3rd Street is classified as Residential Special Type - I under the AnnaNagar SRO.

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.

How is the stamp duty calculated for properties in Y Block 3rd Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, on a 1,000 sq.ft plot, the total stamp duty would be Rs 8,82,000 based on the current guideline value.