Guideline Value for 2nd Avenue F Block

2nd Avenue F Block guideline value

The current guideline value for 2nd Avenue F Block in Periakudal village is Rs 15,900 per sq.ft, effective from 1 July 2024. This area falls under the AnnaNagar SRO, and the land classification is Commercial Special Type - II.

How the guideline value of 2nd Avenue F Block has changed

Over the years, the guideline value for 2nd Avenue F Block has seen several revisions. The 2007 revision set the value at Rs 13,500 per sq.ft, which increased to Rs 14,500 per sq.ft in 2012. However, in 2017, the value dropped to Rs 9,715 per sq.ft. The 2023 revision saw a significant increase to Rs 14,500 per sq.ft, followed by a further rise to Rs 15,900 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, there was a substantial increase of 49%. The change from 2012 to 2017 was a decrease of 33%, while the increase from 2007 to 2012 was 7%. Overall, from 2007 to 2024, the guideline value has increased by 18%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Periakudal

In Periakudal, there are 101 streets under the AnnaNagar SRO carrying 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 F Block is above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 15,900 per sq.ft, the total guideline value amounts to Rs 1,59,00,000. The stamp duty at 7% would be Rs 11,13,000, and the registration fee at 2% would be Rs 3,18,000, bringing the total 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.

For more information on calculating your fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers 2nd Avenue F Block?

The 2nd Avenue F Block falls under the jurisdiction of 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 details.

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

The guideline value is a crucial reference for property transactions in Periakudal. It is used to determine the stamp duty and registration fees applicable when registering a property. Buyers and sellers should be aware that the guideline value may influence the overall costs associated with the transaction.

When a property is sold, the guideline value serves as a benchmark to ensure that the transaction is recorded accurately for taxation purposes. It is essential for both buyers and sellers to understand how this value impacts their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of 2nd Avenue F Block?

The current guideline value of 2nd Avenue F Block 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 several times, with the most recent increase being from Rs 14,500 per sq.ft in 2023 to Rs 15,900 per sq.ft in 2024. The value has seen fluctuations, including a drop from Rs 14,500 in 2012 to Rs 9,715 in 2017.

What is the land classification for 2nd Avenue F Block?

The land classification for 2nd Avenue F Block is Commercial Special Type - II, indicating its intended use for commercial purposes.

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 2nd Avenue F Block?

Stamp duty for properties in 2nd Avenue F Block is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value would incur a total stamp duty of Rs 11,13,000.