Guideline Value for A-Blcok 4th Street

A-Blcok 4th Street guideline value

The current guideline value of A-Blcok 4th Street is Rs 11,500 per sq.ft as per the 2024 revision, effective from 1 July 2024. This street is located in Periakudal village under the AnnaNagar SRO, classified as Residential Special Type - I.

How the guideline value of A-Blcok 4th Street has changed

Over the years, the guideline value of A-Blcok 4th Street has seen several revisions. The 2007 revision recorded a value of 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 the 2017 revision. The 2023 revision brought it back up to Rs 10,500 per sq.ft, and the latest 2024 revision has further increased the value to Rs 11,500 per sq.ft, marking a 10% rise from the previous year.

In summary, from 2017 to 2023, there was a significant increase of 49%. The change from 2012 to 2017 was a decrease of 33%, while the increase from 2007 to 2012 was 5%. Overall, from 2007 to 2024, the guideline value has increased by 15%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Periakudal

In Periakudal village, 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 the median value being Rs 11,500 per sq.ft. A-Blcok 4th Street's 2024 figure aligns with this median.

• A-Blcok 3rd Street: Rs 11,500 per sq.ft (2024)
• A-Blcok 5th Street: Rs 11,500 per sq.ft (2024)
• A-Blcok 12th Street: Rs 11,500 per sq.ft (2024)
• A-Blcok 6th Street: Rs 11,500 per sq.ft (2024)
• A-Blcok 11th 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 4th 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% amounts to Rs 8,05,000, and the registration fee at 2% is Rs 2,30,000, totaling Rs 10,35,000. It is important to note that the 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-Blcok 4th Street?

A-Blcok 4th Street 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. To find your specific SRO, you can visit find your SRO.

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

The guideline value serves as a benchmark for property registration in Periakudal. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately with the local authorities.

It is essential for buyers and sellers to be aware of the guideline value as it directly influences the costs associated with property transactions. This value is regularly updated to reflect changes in the real estate market and is crucial for determining the financial obligations during registration.

Frequently asked questions

What is the current guideline value of A-Blcok 4th Street?

The current guideline value of A-Blcok 4th Street is Rs 11,500 per sq.ft, as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, with the 2024 revision showing an increase from Rs 10,500 per sq.ft in 2023. The value was Rs 7,035 per sq.ft in 2017, indicating a rise of 49% from then to 2023.

What is the land classification of A-Blcok 4th Street?

A-Blcok 4th Street is classified as Residential Special Type - I, which indicates its suitability for residential development under the AnnaNagar SRO.

Where can I find the registration office for A-Blcok 4th Street?

The registration office for A-Blcok 4th Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in A-Blcok 4th Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 8,05,000.