Guideline Value for AA Block 1st Street

AA Block 1st Street guideline value

The current guideline value of AA Block 1st Street in Periakudal village is Rs 23,553 per sq.ft, effective from 1 July 2024. This street falls under the AnnaNagar SRO and is classified as Commercial Class I Type - III.

How the guideline value of AA Block 1st Street has changed

The guideline value for AA Block 1st Street has remained consistent at Rs 23,553 per sq.ft from the 2023 revision through to the 2024 revision, indicating no change. Prior to this, in the 2017 revision, the guideline value was Rs 15,780 per sq.ft, marking a significant increase of 49% leading up to the 2023 revision.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%.

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 guideline value for these streets is Rs 11,500 per sq.ft, placing AA Block 1st Street above this median.

• Aa Block 3rd Avenue: Rs 15,900 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 1st Street

For a 1,000 sq.ft plot at the current rate of Rs 23,553 per sq.ft, the guideline value amounts to Rs 2,35,53,000. The stamp duty at 7% would be Rs 16,48,710, and the registration fee at 2% would be Rs 4,71,060. Together, the total cost would be Rs 21,19,770. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers AA Block 1st Street?

The AA Block 1st 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 information.

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

The guideline value is a crucial factor in property transactions in Periakudal. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property. The guideline value is set by the Registration Department and is revised periodically to reflect market conditions.

When you register a property, the guideline value will be used to calculate the applicable duties and fees. Buyers should ensure they are aware of the current guideline value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of AA Block 1st Street?

The current guideline value of AA Block 1st Street is Rs 23,553 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 23,553 per sq.ft from 2023 to 2024, and it increased from Rs 15,780 per sq.ft in 2017 to 2023, marking a 49% increase overall from 2017 to 2024.

What is the land classification for AA Block 1st Street?

AA Block 1st Street is classified as Commercial Class I Type - III under the current land classification.

What are the stamp duty and registration fees for property in AA Block 1st Street?

For a property valued at Rs 2,35,53,000, the stamp duty would be Rs 16,48,710 and the registration fee would be Rs 4,71,060, totaling Rs 21,19,770.

Where is the Sub Registrar Office for AA Block 1st Street located?

The Sub Registrar Office covering AA Block 1st Street is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.