Guideline Value for 2nd Avenue 326 to 335, 995 A Block, B Block, C Block, D Block, E Block, G Block, H Block, I Block

2nd Avenue 326 to 335, 995 A Block, B Block, C Block, D Block, E Block, G Block, H Block, I Block guideline value

The current guideline value for 2nd Avenue 326 to 335, 995 A Block, B Block, C Block, D Block, E Block, G Block, H Block, I Block is Rs 15,900 per sq.ft. This property is located in Periakudal village, under the AnnaNagar SRO, and is classified as Commercial Special Type - II.

How the guideline value of 2nd Avenue 326 to 335, 995 A Block, B Block, C Block, D Block, E Block, G Block, H Block, I Block has changed

The guideline value for this street has undergone several revisions over the years. In 2007, the value was Rs 13,500 per sq.ft, which increased to Rs 14,500 per sq.ft in 2012. However, it saw a decrease to Rs 9,715 per sq.ft in 2017. The value then rose significantly to Rs 14,500 per sq.ft in 2023, and the latest revision in 2024 has set the value at Rs 15,900 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. The 2012 to 2017 period saw a decrease of 33%. Overall, from 2007 to 2024, the guideline value has increased by 18%. There are no figures available for the years 2002 and 2003 for this street.

Guideline values in Periakudal

In Periakudal, there are 101 streets under the AnnaNagar SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 23,553 per sq.ft, with a median value of Rs 11,500 per sq.ft. The guideline value for 2nd Avenue 326 to 335, 995 A Block, B Block, C Block, D Block, E Block, G Block, H Block, I Block is above this median.

• 2nd Avenue F Block: Rs 15,900 per sq.ft (2024)
• W Block, Streets: Rs 11,500 per sq.ft (2024)
• W- Block, 3rd Avenue, C-12 to C-19, S.B. Kalyana Mandapam, D.K. Kalyana Mandapam, TNSC Bank: Rs 15,900 per sq.ft (2024)
• V.O.C.Nagar, Main Road, G Block: Rs 12,600 per sq.ft (2024)
• Valliammal Science College (for Women): Rs 14,800 per sq.ft (2024)
• Valliammal School: Rs 14,800 per sq.ft (2024)

Stamp duty and registration fee for property in 2nd Avenue 326 to 335, 995 A Block, B Block, C Block, D Block, E Block, G Block, H Block, I Block

For a 1,000 sq.ft plot at the current guideline value of Rs 15,900 per sq.ft, the total guideline value would be Rs 1,59,00,000. The stamp duty at 7% would amount to Rs 11,13,000, and the registration fee at 2% would be Rs 3,18,000, bringing the total fees to Rs 14,31,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers 2nd Avenue 326 to 335, 995 A Block, B Block, C Block, D Block, E Block, G Block, H Block, I Block?

The Sub Registrar Office that covers this area 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 Periakudal

The guideline value serves as a benchmark for property transactions in Periakudal. When buying or selling property, this value is used to determine the applicable stamp duty and registration fees, ensuring that all transactions are conducted in accordance with local regulations.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the financial aspects of property registration. Proper understanding of these values can help in planning and executing property transactions efficiently.

Frequently asked questions

What is the current guideline value for 2nd Avenue 326 to 335?

The current guideline value for 2nd Avenue 326 to 335, 995 A Block, B Block, C Block, D Block, E Block, G Block, H Block, I Block is Rs 15,900 per sq.ft as of the 2024 revision.

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% over the years.

What is the land classification for this area?

The land classification for 2nd Avenue 326 to 335, 995 A Block, B Block, C Block, D Block, E Block, G Block, H Block, I Block is Commercial Special Type - II.

What are the stamp duty rates for properties in this area?

The stamp duty rate for properties in this area is 7% of the guideline value or sale price, whichever is higher. Additional registration fees are charged at 2%.

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

The AnnaNagar Sub Registrar Office covers this area, and it is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.