Guideline Value for B block 12 th street

B block 12 th street guideline value

The current guideline value of B block 12 th street in Periakudal village, under the AnnaNagar SRO, is Rs 11,500 per sq.ft, effective from 1 July 2024. This street falls under the Residential Special Type - I land classification.

How the guideline value of B block 12 th 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 rise of 49%. The most recent revision in 2024 saw another increase to Rs 11,500 per sq.ft, which represents a 10% rise from the previous year.

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

Guideline values in Periakudal

Periakudal village has 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 for these streets is Rs 11,500 per sq.ft, which is the same as the guideline value for B block 12 th street.

• B-Blcok 6th Street: Rs 11,500 per sq.ft (2024)
• B- Block, 2nd Avenue, 96 to 107, 107A: Rs 15,900 per sq.ft (2024)
• B-Blcok 11th Street: Rs 11,500 per sq.ft (2024)
• BeriBeri Nagar: Rs 11,000 per sq.ft (2024)
• Bharathipuram Main Road: Rs 3,300 per sq.ft (2024)
• Brevery Road: Rs 11,000 per sq.ft (2024)

Stamp duty and registration fee for property in B block 12 th 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, charged at 7%, would amount to Rs 8,05,000, while the registration fee at 2% would be Rs 2,30,000, bringing the total fees to Rs 10,35,000. Duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers B block 12 th street?

The Sub Registrar Office covering B block 12 th 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 more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Periakudal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of B block 12 th street?

The current guideline value of B block 12 th 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 increased from Rs 7,035 per sq.ft in 2017 to Rs 10,500 per sq.ft in 2023, and then to Rs 11,500 per sq.ft in 2024. This represents an overall increase of 63% from 2017 to 2024.

What is the land classification for B block 12 th street?

B block 12 th street is classified as Residential Special Type - I, which indicates its intended use for residential purposes.

Where can I find the Sub Registrar Office for B block 12 th street?

The Sub Registrar Office for B block 12 th 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 property in B block 12 th street?

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