Guideline Value for AA BLOCK 3RD AVENUE

Aa Block 3rd Avenue guideline value

The current guideline value of Aa Block 3rd Avenue in Periakudal village under the AnnaNagar SRO is Rs 15,900 per sq.ft, effective from 1 July 2024. The land classification for this area is Commercial Special Type - II.

How the guideline value of Aa Block 3rd Avenue has changed

The guideline value for Aa Block 3rd Avenue has seen significant changes over the years. The oldest recorded revision is from 2017, where the guideline value was Rs 9,715 per sq.ft. This increased to Rs 14,500 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the value at Rs 15,900 per sq.ft, representing a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

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. The guideline value of Aa Block 3rd Avenue is above this median.

• AA Block 1st Street: Rs 23,553 per sq.ft (2024)
• A-Blcok 11th Street: Rs 11,500 per sq.ft (2024)
• A-Blcok 12th Street: Rs 11,500 per sq.ft (2024)
• A-Blcok 3rd Street: Rs 11,500 per sq.ft (2024)
• A-Blcok 4th Street: Rs 11,500 per sq.ft (2024)
• A-Blcok 5th Street: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in Aa Block 3rd Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 15,900 per sq.ft, the total guideline value amounts to Rs 1,59,00,000. The stamp duty at 7% would be Rs 11,13,000, and the registration fee at 2% would be Rs 3,18,000, resulting in a total of Rs 14,31,000. 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 detailed calculations.

Which Sub Registrar Office covers Aa Block 3rd Avenue?

The Aa Block 3rd Avenue 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. You can find your SRO for additional information.

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

The guideline value is a crucial factor when registering property in Periakudal. It serves as a benchmark for determining the minimum value at which properties can be sold or purchased, ensuring transparency and fairness in transactions.

When you buy or sell property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership. This ensures that all parties are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Aa Block 3rd Avenue?

The current guideline value of Aa Block 3rd Avenue is Rs 15,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 9,715 per sq.ft in 2017 to Rs 15,900 per sq.ft in 2024, which is a total increase of 64% over this period.

What is the land classification for Aa Block 3rd Avenue?

The land classification for Aa Block 3rd Avenue is Commercial Special Type - II.

Where can I find the Sub Registrar Office for Aa Block 3rd Avenue?

The Sub Registrar Office covering Aa Block 3rd Avenue 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 Aa Block 3rd Avenue?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the guideline value of Rs 15,900 per sq.ft, the stamp duty would be Rs 11,13,000.