Guideline Value for Y Block 1st Street

Y Block 1st Street guideline value

The current guideline value of Y Block 1st Street in Naduvakkarai village is Rs 12,600 per sq.ft, effective from the 2024 revision. This area falls under the AnnaNagar SRO and is classified as Residential Special Type - I.

How the guideline value of Y Block 1st Street has changed

The guideline value for Y Block 1st Street has undergone several revisions over the years. The 2017 revision recorded a value of Rs 7,705 per sq.ft. This increased significantly by 49% to Rs 11,500 per sq.ft in the 2023 revision. The current value in the 2024 revision is Rs 12,600 per sq.ft, reflecting 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 figure for this street for the years 2002, 2003, 2007, and 2012.

Guideline values in Naduvakkarai

Naduvakkarai village has a total of 148 streets under the AnnaNagar SRO, with guideline values ranging from Rs 3,300 to Rs 15,900 per sq.ft as of 2024. The median guideline value in this area is Rs 11,500 per sq.ft, placing Y Block 1st Street's 2024 figure above that median.

• Y Block 3rd 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 1st Street

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 fees to Rs 11,34,000. 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 detailed calculations.

Which Sub Registrar Office covers Y Block 1st Street?

The Y Block 1st Street falls under the jurisdiction of 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 a crucial factor in the registration process of property transactions in Naduvakkarai. It determines the minimum value at which properties must be registered, and it is used to calculate the applicable stamp duty and registration fees.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, reflecting the market conditions and property classification. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Y Block 1st Street?

The current guideline value of Y Block 1st Street is Rs 12,600 per sq.ft, effective from the 2024 revision.

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 12,600 per sq.ft in 2024, marking an overall increase of 64% over this period.

What are the stamp duty and registration fees for Y Block 1st Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 1,26,00,000. The stamp duty would be Rs 8,82,000, and the registration fee would be Rs 2,52,000, totaling Rs 11,34,000.

Which office handles property registrations in Naduvakkarai?

The AnnaNagar Sub Registrar Office is responsible for property registrations in Naduvakkarai, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification of Y Block 1st Street?

Y Block 1st Street is classified as Residential Special Type - I according to the guideline value register.