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Guideline Value

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Guideline Value for B- Block, 2nd Avenue, 96 to 107, 107A

₹15900/sq.ft.

The guideline value for B- Block, 2nd Avenue, 96 To 107, 107a in Periakudal village (Annanagar SRO, Chennai zone) is Rs 15900 per sq.ft, effective 1 July 2024. It was Rs 14500 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Periakudal

Village

AnnaNagar

SRO

Commercial Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹15900 /sq.ft.
From 1-4-2023 ₹14500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹9715 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹14500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹13500 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 ( Near By Nolambur Eb Office )
044-29561062
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on B- Block, 2nd Avenue, 96 To 107, 107a

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B- Block, 2nd Avenue, 96 to 107, 107A guideline value

The current guideline value for B- Block, 2nd Avenue, 96 to 107, 107A is Rs 15,900 per sq.ft, effective from 1 July 2024. This property is located in Periakudal village and falls under the AnnaNagar SRO. The land classification for this area is Commercial Special Type - II.

How the guideline value of B- Block, 2nd Avenue, 96 to 107, 107A has changed

The guideline value for B- Block, 2nd Avenue has undergone several revisions over the years. Starting from the 2007 revision, the value was Rs 13,500 per sq.ft. This increased to Rs 14,500 per sq.ft in 2012, reflecting a 7% rise. However, the value then decreased significantly to Rs 9,715 per sq.ft in 2017, marking a 33% drop. The value saw a substantial increase to Rs 14,500 per sq.ft in 2023, followed by another increase to Rs 15,900 per sq.ft in 2024, which is a 10% rise.

Overall, from 2007 to 2024, the guideline value has increased by 18%. It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Periakudal

In Periakudal village, 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, and B- Block, 2nd Avenue's current value is above this median.

Stamp duty and registration fee for property in B- Block, 2nd Avenue, 96 to 107, 107A

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, totaling 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers B- Block, 2nd Avenue, 96 to 107, 107A?

The Sub Registrar Office that covers B- Block, 2nd Avenue, 96 to 107, 107A 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 is an essential aspect of property transactions in Periakudal. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must consider this value to ensure compliance with local regulations and to calculate the associated costs accurately.

When registering a property, the guideline value is used to assess the applicable duties, which are calculated based on the higher amount between the guideline value and the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for B- Block, 2nd Avenue, 96 to 107, 107A?

The current guideline value for B- Block, 2nd Avenue, 96 to 107, 107A 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 changed from Rs 13,500 per sq.ft in 2007 to Rs 15,900 per sq.ft in 2024, with various revisions in between, including a drop in 2017 and increases in 2023 and 2024.

What is the land classification for this area?

The land classification for B- Block, 2nd Avenue, 96 to 107, 107A is Commercial Special Type - II.

Where can I find the registration office for this property?

The registration office for B- Block, 2nd Avenue, 96 to 107, 107A is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 1,59,00,000, the stamp duty is Rs 11,13,000 and the registration fee is Rs 3,18,000, totaling Rs 14,31,000. These charges are based on the guideline value or the sale price, whichever is higher.