Guideline Value for A- Block, 2nd Avenue, Plot No 90 to 95, 3196 to 3200,3200 A,B

A- Block, 2nd Avenue, Plot No 90 to 95, 3196 to 3200,3200 A,B guideline value

The current guideline value for A- Block, 2nd Avenue, Plot No 90 to 95, 3196 to 3200, 3200 A,B is Rs 15,900 per sq.ft, effective from 1 July 2024. This property is located in Periakudal village and falls under the AnnaNagar SRO with a land classification of Commercial Special Type - II.

How the guideline value of A- Block, 2nd Avenue, Plot No 90 to 95, 3196 to 3200,3200 A,B has changed

The guideline value for this property 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 significant decrease to Rs 9,715 per sq.ft in 2017. Following this, the value rose to Rs 14,500 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 15,900 per sq.ft. The changes from 2017 to 2023 represented a 49% increase, while the change from 2023 to 2024 was a 10% increase.

Notably, the register has no figures for the years 2002 and 2003 for this street. The overall change from the 2007 revision to the 2024 revision is an increase of 18%.

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 A- Block, 2nd Avenue, Plot No 90 to 95, 3196 to 3200,3200 A,B is significantly above this median.

• A-Blcok 8th Street: Rs 11,500 per sq.ft (2024)
• A- Block, 3rd Avenue, 3201,3203,3204,3204A, B,C,D, 3205,3208 to 3210A, K3 Police Station: Rs 15,900 per sq.ft (2024)
• A-Blcok 6th Street: Rs 11,500 per sq.ft (2024)
• A-Blcok 5th Street: Rs 11,500 per sq.ft (2024)
• A-Blcok 4th Street: Rs 11,500 per sq.ft (2024)
• A-Blcok 3rd Street: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in A- Block, 2nd Avenue, Plot No 90 to 95, 3196 to 3200,3200 A,B

For a 1,000 sq.ft plot at the current rate, the 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, totaling 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers A- Block, 2nd Avenue, Plot No 90 to 95, 3196 to 3200,3200 A,B?

The A- Block, 2nd Avenue, Plot No 90 to 95, 3196 to 3200,3200 A,B is covered by 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 information.

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

The guideline value plays a crucial role during property registration in Periakudal. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is officially documented and legally binding.

When a property is bought or sold, the guideline value serves as a benchmark for valuation, ensuring that the property is not undervalued during registration. This helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value for A- Block, 2nd Avenue?

The current guideline value for A- Block, 2nd Avenue, Plot No 90 to 95, 3196 to 3200, 3200 A,B 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, with notable increases and decreases in between, including a drop to Rs 9,715 per sq.ft in 2017.

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft plot, the stamp duty would be Rs 11,13,000 and the registration fee would be Rs 3,18,000, totaling Rs 14,31,000 based on the current guideline value.

Which office handles the registration for this property?

The registration for A- Block, 2nd Avenue, Plot No 90 to 95, 3196 to 3200, 3200 A,B is handled by the AnnaNagar Sub Registrar Office located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the significance of the guideline value in property transactions?

The guideline value is significant as it determines the stamp duty and registration fees during property transactions, ensuring that properties are not undervalued and that the registration process is transparent and fair.