Guideline Value for B-Blcok 11th Street

B-Blcok 11th Street guideline value

The current guideline value of B-Blcok 11th Street is Rs 11,500 per sq.ft, effective from 1 July 2024. This street is located in Periakudal village under the AnnaNagar SRO, classified as Residential Special Type - I.

How the guideline value of B-Blcok 11th Street has changed

Over the years, the guideline value of B-Blcok 11th Street has seen several revisions. The earliest recorded figure is from 2007 at Rs 10,000 per sq.ft, which increased to Rs 10,500 in 2012. However, it then decreased to Rs 7,035 in 2017. Following this, the value rose significantly to Rs 10,500 in 2023, and further increased to Rs 11,500 in 2024, marking a 10% rise from the previous year.

In summary, the changes between revisions show a 5% increase from 2007 to 2012, a decrease of 33% from 2012 to 2017, a 49% increase from 2017 to 2023, and a 10% increase from 2023 to 2024. The register has no figures for the years 2002 and 2003 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 is Rs 11,500 per sq.ft, which is equal to the guideline value of B-Blcok 11th Street.

• B-Blcok 6th Street: Rs 11,500 per sq.ft (2024)
• B block 12th street: Rs 11,500 per sq.ft (2024)
• B- Block, 2nd Avenue, 96 to 107, 107A: Rs 15,900 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-Blcok 11th 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 at 7% would amount to Rs 8,05,000, and the registration fee at 2% would be Rs 2,30,000, totaling Rs 10,35,000. 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 details.

Which Sub Registrar Office covers B-Blcok 11th Street?

The Sub Registrar Office that covers B-Blcok 11th 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 is a critical factor in property transactions in Periakudal, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with local regulations.

At the time of registration, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of B-Blcok 11th Street?

The current guideline value of B-Blcok 11th 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 changed from Rs 10,000 in 2007 to Rs 11,500 in 2024, with various fluctuations in between, including a decrease in 2017 and increases in subsequent years.

What is the land classification for B-Blcok 11th Street?

B-Blcok 11th Street is classified as Residential Special Type - I under the AnnaNagar SRO.

What is the registration office for B-Blcok 11th Street?

The registration office for B-Blcok 11th Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in Periakudal?

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 would be calculated accordingly.