Guideline Value for A-Blcok 6th Street

A-Blcok 6th Street guideline value

The current guideline value of A-Blcok 6th Street in Periakudal village, under the AnnaNagar SRO, is Rs 11,500 per sq.ft, effective from 1 July 2024. This street is classified as Residential Special Type - I.

How the guideline value of A-Blcok 6th Street has changed

The guideline value for A-Blcok 6th Street has undergone several revisions over the years. In 2007, the value was set at Rs 10,000 per sq.ft, which increased to Rs 10,500 per sq.ft in 2012. However, from 2012 to 2017, the value decreased to Rs 7,035 per sq.ft. Following this, the value saw a significant increase to Rs 10,500 per sq.ft in 2023, and then further rose to Rs 11,500 per sq.ft in 2024, marking a 10% increase from the previous year.

Notably, the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 15%, reflecting the changes in the revisions over the years.

Guideline values in Periakudal

In Periakudal, there are 101 streets under the AnnaNagar SRO that carry a guideline value for 2024, ranging from Rs 3,300 to Rs 23,553 per sq.ft. The median value is Rs 11,500 per sq.ft, which is equal to the guideline value of A-Blcok 6th Street.

• A-Blcok 5th Street: Rs 11,500 per sq.ft (2024)
• A-Blcok 8th Street: Rs 11,500 per sq.ft (2024)
• A-Blcok 4th 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)
• A-Blcok 3rd Street: Rs 11,500 per sq.ft (2024)
• A- Block, 3rd Avenue, 3201,3203,3204,3204A, B,C,D, 3205,3208 to 3210A, K3 Police Station: Rs 15,900 per sq.ft (2024)

Stamp duty and registration fee for property in A-Blcok 6th 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 amount to Rs 8,05,000, and the registration fee at 2% would be Rs 2,30,000, bringing the total fees together 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 information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers A-Blcok 6th Street?

The Sub Registrar Office that covers A-Blcok 6th Street 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 further assistance.

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

The guideline value is a critical factor during property transactions in Periakudal, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider the guideline value to ensure compliance with local regulations and to avoid any legal issues during the registration process.

When registering a property, the stamp duty and registration fees are calculated based on 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 of A-Blcok 6th Street?

The current guideline value of A-Blcok 6th 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, reflecting a 15% increase overall. The most significant change occurred from 2017 to 2023, with a 49% increase.

What is the land classification for A-Blcok 6th Street?

A-Blcok 6th Street is classified as Residential Special Type - I, which indicates its suitability for residential development.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions in A-Blcok 6th Street is 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 6th Street?

The Sub Registrar Office for A-Blcok 6th Street is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur EB Office.