Guideline Value for C-Blcok 7th Street

C-Blcok 7th Street guideline value

The current guideline value of C-Blcok 7th 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 7th Street has changed

Over the years, the guideline value for C-Blcok 7th Street has experienced several revisions. The 2017 revision set the value at Rs 7,035 per sq.ft, which was a decrease of 33% from the 2012 revision of Rs 10,500 per sq.ft. The 2023 revision increased the value to Rs 10,500 per sq.ft, marking a significant rise of 49% from the 2017 figure.

In the latest 2024 revision, the guideline value has further increased to Rs 11,500 per sq.ft, reflecting a 10% rise from the previous year. The overall change from the 2007 revision, which was Rs 10,000 per sq.ft, to the current value in 2024 represents a 15% increase. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Periakudal

Within Periakudal, 101 streets under the AnnaNagar SRO have a guideline value for 2024 ranging from Rs 3,300 to Rs 23,553 per sq.ft, with a median value of Rs 11,500 per sq.ft. C-Blcok 7th Street's 2024 guideline value aligns with this median.

• C-Blcok 6th 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-Blcok 10th 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 7th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 11,500 per sq.ft, the total guideline value amounts to Rs 1,15,00,000. The stamp duty, calculated at 7%, would be Rs 8,05,000, while the registration fee at 2% would be Rs 2,30,000, totaling Rs 10,35,000. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers C-Blcok 7th Street?

The Sub Registrar Office that covers C-Blcok 7th Street is 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 plays a crucial role during property transactions in Periakudal. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the transaction is recorded accurately and that all legal requirements are met.

Frequently asked questions

What is the current guideline value of C-Blcok 7th Street?

The current guideline value of C-Blcok 7th 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 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 reflects significant increases over the years.

What is the land classification for C-Blcok 7th Street?

C-Blcok 7th Street is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for C-Blcok 7th Street is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

How is stamp duty calculated for properties in C-Blcok 7th Street?

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