Guideline Value for A- Block, 3rd Avenue, 3201,3203,3204,3204A, B,C,D, 3205,3208 to 3210A, K3 Police Station

A- Block, 3rd Avenue, 3201,3203,3204,3204A, B,C,D, 3205,3208 to 3210A, K3 Police Station guideline value

The current guideline value for A- Block, 3rd Avenue, 3201,3203,3204,3204A, B,C,D, 3205,3208 to 3210A, K3 Police Station 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. The land classification for this area is Commercial Special Type - II.

How the guideline value of A- Block, 3rd Avenue, 3201,3203,3204,3204A, B,C,D, 3205,3208 to 3210A, K3 Police Station 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. This increased to Rs 14,500 per sq.ft in 2012, followed by a decrease to Rs 9,715 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase, bringing the value up to Rs 14,500 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 15,900 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 18%. It is important to note that for the years 2002 and 2003, the register has no figure 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 A- Block, 3rd Avenue is above this median, reflecting its commercial significance.

• A- Block, 2nd Avenue, Plot No 90 to 95, 3196 to 3200,3200 A,B: Rs 15,900 per sq.ft (2024)
• A- Block 8th Street: Rs 11,500 per sq.ft (2024)
• A- Block 6th Street: Rs 11,500 per sq.ft (2024)
• A- Block 5th Street: Rs 11,500 per sq.ft (2024)
• A- Block 4th Street: Rs 11,500 per sq.ft (2024)
• A- Block 3rd Street: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in A- Block, 3rd Avenue, 3201,3203,3204,3204A, B,C,D, 3205,3208 to 3210A, K3 Police Station

For a 1,000 sq.ft plot at the current rate, the guideline value is 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, totaling Rs 14,31,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers A- Block, 3rd Avenue, 3201,3203,3204,3204A, B,C,D, 3205,3208 to 3210A, K3 Police Station?

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 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 is an essential factor during the registration of property transactions in Periakudal. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that both buyers and sellers are aware of the financial obligations involved in the transaction.

When a property is sold, the guideline value helps in calculating the applicable duties, which are based on either the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for A- Block, 3rd Avenue?

The current guideline value for A- Block, 3rd Avenue, 3201,3203,3204,3204A, B,C,D, 3205,3208 to 3210A, K3 Police Station 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, reflecting an overall increase of 18% over the years.

What is the land classification for this area?

The land classification for A- Block, 3rd Avenue is Commercial Special Type - II, indicating its significance for commercial activities.

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

The Sub Registrar Office for A- Block, 3rd Avenue is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How do I calculate the stamp duty and registration fees?

Stamp duty and registration fees can be calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would have a total stamp duty and registration fee of Rs 14,31,000.