Guideline Value for A-Blcok 8th Street

A-Blcok 8th Street guideline value

The current guideline value of A-Blcok 8th Street, Periakudal village, under the AnnaNagar SRO is Rs 11,500 per sq.ft, effective from 1 July 2024. This street falls under the land classification of Residential Special Type - I.

How the guideline value of A-Blcok 8th Street has changed

The guideline value for A-Blcok 8th Street has experienced several revisions over the years. The earliest available figure is from the 2017 revision, which was Rs 7,035 per sq.ft. This increased to Rs 10,500 per sq.ft in the 2023 revision, marking a significant increase of 49%. The latest revision in 2024 has set the guideline value at Rs 11,500 per sq.ft, reflecting a 10% increase from the previous year.

Prior to the 2017 revision, the 2012 revision also recorded a value of Rs 10,500 per sq.ft, while the 2007 revision was Rs 10,000 per sq.ft, showing a modest increase of 5%. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Periakudal

In Periakudal, there are 101 streets under the AnnaNagar SRO with 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 is exactly the guideline value for A-Blcok 8th Street.

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

Stamp duty and registration fee for property in A-Blcok 8th 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, resulting in a total of Rs 10,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers A-Blcok 8th Street?

The A-Blcok 8th 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 details.

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

The guideline value is an essential factor when buying or selling property in Periakudal. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the transaction process.

When registering a property, the guideline value is compared to the sale price, and the higher of the two amounts is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of A-Blcok 8th Street?

The current guideline value of A-Blcok 8th 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 7,035 per sq.ft in 2017 to Rs 10,500 per sq.ft in 2023, and now to Rs 11,500 per sq.ft in 2024. The changes reflect various increments and adjustments over the years.

What is the land classification for A-Blcok 8th Street?

A-Blcok 8th Street is classified as Residential Special Type - I, indicating its designated use for residential purposes.

Where can I find the registration office for A-Blcok 8th Street?

The registration office covering A-Blcok 8th 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 8th Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For a guideline value of Rs 11,500 per sq.ft, the total stamp duty and registration fees can be significant, depending on the size of the property.