Guideline Value for C-Blcok 6th Street

C-Blcok 6th Street guideline value

The current guideline value of C-Blcok 6th Street in Periakudal village is Rs 11,500 per sq.ft, effective from 1 July 2024. This property falls under the AnnaNagar SRO and is classified as Residential Special Type - I.

How the guideline value of C-Blcok 6th Street has changed

The guideline value for C-Blcok 6th Street has seen several revisions over the years. In the 2007 revision, the value was Rs 10,000 per sq.ft, which increased to Rs 10,500 per sq.ft in 2012. However, in the 2017 revision, it decreased to Rs 7,035 per sq.ft, marking a significant drop. The 2023 revision saw an increase to Rs 10,500 per sq.ft, followed by the current value of Rs 11,500 per sq.ft from the 2024 revision, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has risen by 15%.

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 is Rs 11,500 per sq.ft, which matches the current guideline value of C-Blcok 6th Street.

• C-Blcok 10th Street: Rs 11,500 per sq.ft (2024)
• C-Blcok 7th Street: Rs 11,500 per sq.ft (2024)
• C-Blcok 8th Street: Rs 11,500 per sq.ft (2024)
• C-Blcok 9th Street: Rs 11,500 per sq.ft (2024)
• C- Block, 1st main Road Thiru-Vika-Colony 114 to 124: Rs 15,400 per sq.ft (2024)
• C- Block, 2nd Avenue, 108 to 114: Rs 15,900 per sq.ft (2024)

Stamp duty and registration fee for property in C-Blcok 6th 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.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers C-Blcok 6th Street?

The C-Blcok 6th Street falls under the jurisdiction of 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 is crucial when buying or selling property in Periakudal, as it determines the minimum value on which stamp duty and registration fees are calculated. This value is used by the registration office to ensure that the transaction is recorded accurately and fairly.

When engaging in property transactions, it is essential to be aware of the guideline value, as it can affect the overall costs associated with the purchase or sale. Buyers and sellers should always check the latest guideline values to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of C-Blcok 6th Street?

The current guideline value of C-Blcok 6th 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 per sq.ft in 2007 to Rs 11,500 per sq.ft in 2024, reflecting an overall increase of 15% over the years.

What is the land classification for C-Blcok 6th Street?

C-Blcok 6th Street is classified as Residential Special Type - I, which indicates its intended use for residential purposes.

Where can I find the registration office for C-Blcok 6th Street?

The registration office for C-Blcok 6th 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 properties in C-Blcok 6th Street?

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