Guideline Value for A-Blcok 5th Street

A-Blcok 5th Street guideline value

The current guideline value of A-Blcok 5th Street is Rs 11,500 per sq.ft, effective from 1 July 2024. This street is located in Periakudal village and falls under the AnnaNagar SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of A-Blcok 5th Street has changed

The guideline value for A-Blcok 5th Street has seen several revisions over the years. In the 2007 revision, the value was Rs 10,000 per sq.ft. This increased to Rs 10,500 per sq.ft in 2012, marking a 5% rise. However, it then decreased to Rs 7,035 per sq.ft in the 2017 revision, which was a significant drop of 33%. The value rebounded to Rs 10,500 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 set the guideline value at Rs 11,500 per sq.ft, a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, 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 guideline value is Rs 11,500 per sq.ft, which is equal to the guideline value of A-Blcok 5th Street.

• A-Blcok 4th Street: Rs 11,500 per sq.ft (2024)
• A-Blcok 6th Street: Rs 11,500 per sq.ft (2024)
• A-Blcok 3rd Street: Rs 11,500 per sq.ft (2024)
• A-Blcok 8th Street: Rs 11,500 per sq.ft (2024)
• A-Blcok 12th Street: Rs 11,500 per sq.ft (2024)
• A- Block, 2nd Avenue, Plot No 90 to 95, 3196 to 3200,3200 A,B: Rs 15,900 per sq.ft (2024)

Stamp duty and registration fee for property in A-Blcok 5th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 11,500 per sq.ft, the total guideline value would be 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 to 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 use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers A-Blcok 5th Street?

A-Blcok 5th Street is covered by the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Periakudal. It serves as the basis for calculating stamp duty and registration fees, ensuring that both parties are aware of the financial obligations involved in the transaction.

When a property is registered, the guideline value is compared to the sale price. The higher of the two values is used to determine the applicable stamp duty and registration fees, making it essential for buyers and sellers to understand the current guideline value in their area.

Frequently asked questions

What is the current guideline value of A-Blcok 5th Street?

The current guideline value of A-Blcok 5th 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, showing an overall increase of 15% over the years.

What is the land classification for A-Blcok 5th Street?

A-Blcok 5th Street is classified as Residential Special Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for A-Blcok 5th Street?

The AnnaNagar Sub Registrar Office covers A-Blcok 5th Street and is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.