Guideline Value for A-Blcok 11th Street

A-Blcok 11th Street guideline value

The current guideline value of A-Blcok 11th Street in Periakudal village is Rs 11,500 per sq.ft, effective from 1 July 2024. This street falls under the AnnaNagar SRO and is classified as Residential Special Type - I.

How the guideline value of A-Blcok 11th Street has changed

The guideline value for A-Blcok 11th Street has seen several revisions over the years. The 2007 revision set the value at Rs 10,000 per sq.ft, which increased to Rs 10,500 per sq.ft in 2012. However, it then decreased to Rs 7,035 per sq.ft in 2017. Following this, the value rose significantly to Rs 10,500 per sq.ft in 2023, and finally reached Rs 11,500 per sq.ft in the 2024 revision. Notably, the register has no figures for the years 2002 and 2003.

Between revisions, the changes were as follows: from 2007 to 2012, there was a +5% increase; from 2012 to 2017, a -33% decrease; from 2017 to 2023, a +49% increase; and from 2023 to 2024, a +10% increase. Overall, from 2007 to 2024, the guideline value has increased by +15%.

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. The median value is Rs 11,500 per sq.ft, which matches the guideline value of A-Blcok 11th Street.

• A-Blcok 12th Street: Rs 11,500 per sq.ft (2024)
• A-Blcok 3rd Street: Rs 11,500 per sq.ft (2024)
• A-Blcok 4th Street: Rs 11,500 per sq.ft (2024)
• A-Blcok 5th Street: Rs 11,500 per sq.ft (2024)
• A-Blcok 6th Street: Rs 11,500 per sq.ft (2024)
• A-Blcok 8th Street: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in A-Blcok 11th Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 1,15,00,000. The stamp duty at 7% would be Rs 8,05,000, and the registration fee at 2% would be Rs 2,30,000, totaling Rs 10,35,000. 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 A-Blcok 11th Street?

The A-Blcok 11th Street is covered by the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur EB Office. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Periakudal. It is used to determine the stamp duty and registration fees applicable to the property being bought or sold.

When a buyer is purchasing property, the guideline value is assessed to ensure that the correct fees are applied. This value is essential for maintaining transparency in property transactions and ensuring that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of A-Blcok 11th Street?

The current guideline value of A-Blcok 11th Street is Rs 11,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 10,000 per sq.ft in 2007 to Rs 11,500 per sq.ft in 2024, with various increases and decreases in between.

What is the classification of A-Blcok 11th Street?

A-Blcok 11th Street is classified as Residential Special Type - I under the AnnaNagar SRO.

Where can I find the registration office for A-Blcok 11th Street?

The registration office for A-Blcok 11th Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in A-Blcok 11th Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 1,15,00,000 would incur a stamp duty of Rs 8,05,000 at 7%.