Guideline Value for A-Blcok 3rd Street

A-Blcok 3rd Street guideline value

The current guideline value for A-Blcok 3rd 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 3rd Street has changed

Over the years, the guideline value for A-Blcok 3rd Street has seen several revisions. The most recent revision in 2024 set the value at Rs 11,500 per sq.ft, an increase of 10% from Rs 10,500 per sq.ft in 2023. Prior to that, the value was Rs 7,035 per sq.ft in 2017, reflecting a significant increase of 49% over the six years. The 2012 revision also set the value at Rs 10,500 per sq.ft, which was a decrease of 33% from the 2017 figure. The 2007 revision had the value at Rs 10,000 per sq.ft, marking a 5% rise from the previous revision.

It is important to note that there are no figures available in the register for the years 2002 and 2003 for this street. 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, with a median value of Rs 11,500 per sq.ft. A-Blcok 3rd Street's 2024 figure aligns with this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 11,500 per sq.ft, the total guideline value amounts to 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, bringing the total fees to Rs 10,35,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers A-Blcok 3rd Street?

The A-Blcok 3rd 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. 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 the registration of property transactions in Periakudal. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is considered alongside the sale price to calculate the applicable duties and fees. This ensures transparency and compliance with legal requirements during property transactions.

Frequently asked questions

What is the current guideline value for A-Blcok 3rd Street?

The current guideline value for A-Blcok 3rd 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 in 2007 to Rs 11,500 in 2024, reflecting a total increase of 15%. There were significant changes between revisions, including a 49% increase from 2017 to 2023.

What is the land classification for A-Blcok 3rd Street?

A-Blcok 3rd Street is classified as Residential Special Type - I under the AnnaNagar SRO.

What are the stamp duty and registration fees for properties in A-Blcok 3rd Street?

For a property valued at Rs 1,15,00,000, the stamp duty would be Rs 8,05,000 and the registration fee would be Rs 2,30,000, totaling Rs 10,35,000.

Where can I find the Sub Registrar Office for A-Blcok 3rd Street?

The Sub Registrar Office covering A-Blcok 3rd Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.