Guideline Value for C- Block, 2nd Avenue, 108 to 114

C- Block, 2nd Avenue, 108 to 114 guideline value

The current guideline value for C- Block, 2nd Avenue, 108 to 114 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 C- Block, 2nd Avenue, 108 to 114 has changed

Over the years, the guideline value for C- Block, 2nd Avenue, 108 to 114 has seen several revisions. The 2007 revision set the value at Rs 13,500 per sq.ft, which increased to Rs 14,500 per sq.ft in 2012, marking a 7% rise. However, from 2012 to 2017, the value decreased significantly to Rs 9,715 per sq.ft, a drop of 33%. The value then rose sharply to Rs 14,500 per sq.ft in 2023, reflecting a 49% increase. Currently, with the 2024 revision, the guideline value stands at Rs 15,900 per sq.ft, which is a 10% increase from the previous year.

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

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, indicating that C- Block, 2nd Avenue, 108 to 114 is above the median value.

• C- Block, 1st main Road Thiru-Vika-Colony 114 to 124: Rs 15,400 per sq.ft (2024)
• C-Blcok 9th Street: Rs 11,500 per sq.ft (2024)
• C-Blcok 8th Street: Rs 11,500 per sq.ft (2024)
• C-Blcok 7th Street: Rs 11,500 per sq.ft (2024)
• C-Blcok 6th Street: Rs 11,500 per sq.ft (2024)
• C-Blcok 10th Street: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in C- Block, 2nd Avenue, 108 to 114

For a 1,000 sq.ft plot at the current guideline value of Rs 15,900 per sq.ft, the total guideline value would be Rs 1,59,00,000. The stamp duty at 7% would amount to Rs 11,13,000, while the registration fee at 2% would be Rs 3,18,000. Together, the total cost for these fees would be 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.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers C- Block, 2nd Avenue, 108 to 114?

The Sub Registrar Office that covers C- Block, 2nd Avenue, 108 to 114 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 details.

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

The guideline value is a crucial factor during property registration in Periakudal. It determines the base value for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When buying or selling property, it is essential to consider the guideline value as it affects the overall transaction costs. Buyers should be aware that the stamp duty is based on the higher of the guideline value or the sale price, which can significantly impact their financial planning.

Frequently asked questions

What is the current guideline value for C- Block, 2nd Avenue, 108 to 114?

The current guideline value for C- Block, 2nd Avenue, 108 to 114 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, reflecting an overall increase of 18% over the years.

What is the land classification for this area?

The land classification for C- Block, 2nd Avenue, 108 to 114 is Commercial Special Type - II.

Where can I find more information about stamp duty and registration fees?

For detailed information on calculating stamp duty and registration fees, you can use the stamp duty and registration fee calculator.

Which office registers properties in C- Block, 2nd Avenue, 108 to 114?

The AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, is responsible for registering properties in C- Block, 2nd Avenue, 108 to 114.