Guideline Value for AG BLOCK 3RD STREET

Ag Block 3rd Street guideline value

The current guideline value of Ag Block 3rd Street, Periakudal village, under the AnnaNagar SRO, is Rs 11,500 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - I.

How the guideline value of Ag Block 3rd Street has changed

In the 2017 revision, the guideline value 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 saw another increase to Rs 11,500 per sq.ft, which is a 10% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 63%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

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 value for these streets is Rs 11,500 per sq.ft, which is equal to the current guideline value of Ag Block 3rd Street.

• A- Block, 3rd Avenue: Rs 15,900 per sq.ft (2024)
• A- Block, 2nd Avenue, Plot No 90 to 95: Rs 15,900 per sq.ft (2024)
• A-Blcok 8th Street: Rs 11,500 per sq.ft (2024)
• A-Blcok 6th Street: Rs 11,500 per sq.ft (2024)
• A-Blcok 5th Street: Rs 11,500 per sq.ft (2024)
• A-Blcok 4th Street: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in Ag Block 3rd Street

For a 1,000 sq.ft plot at the current rate of Rs 11,500 per sq.ft, the guideline value amounts to 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, totaling Rs 10,35,000. 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 further details.

Which Sub Registrar Office covers Ag Block 3rd Street?

The Ag Block 3rd Street falls under 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 serves as a benchmark for property transactions in Periakudal. It is used to calculate the stamp duty and registration fees that buyers need to pay when purchasing property.

When selling a property, the guideline value helps determine the minimum value at which the property can be registered. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the transaction process.

Frequently asked questions

What is the current guideline value of Ag Block 3rd Street?

The current guideline value of Ag Block 3rd 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 seen significant increases from Rs 7,035 per sq.ft in 2017 to Rs 10,500 in 2023, and then to Rs 11,500 in 2024. The overall increase from 2017 to 2024 is 63%.

What is the land classification for Ag Block 3rd Street?

Ag Block 3rd Street is classified as Residential Special Type - I. This classification is important for understanding the zoning and usage regulations for the property.

Where can I find the Sub Registrar Office for Ag Block 3rd Street?

The Sub Registrar Office for Ag Block 3rd Street is the AnnaNagar SRO, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in Ag Block 3rd Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 1,15,00,000, the stamp duty at 7% would amount to Rs 8,05,000.