Guideline Value for C-Blcok 8th Street

C-Blcok 8th Street guideline value

The current guideline value of C-Blcok 8th Street in Periakudal village is Rs 11,500 per sq.ft, effective from 1 July 2024. This street falls under the AnnaNagar SRO and is classified as Residential Special Type - I.

How the guideline value of C-Blcok 8th Street has changed

Over the years, the guideline value for C-Blcok 8th Street has seen several revisions. The 2007 revision set the value at Rs 10,000 per sq.ft, which increased to Rs 10,500 per sq.ft in 2012, representing a 5% rise. However, in 2017, the value dropped to Rs 7,035 per sq.ft, marking a significant decrease of 33%. The 2023 revision brought the value back up to Rs 10,500 per sq.ft, and the current 2024 revision has set it at Rs 11,500 per sq.ft, reflecting a 10% increase from the previous year. The register has no figure for the years 2002 and 2003 for this street.

From 2017 to 2023, the value increased by 49%, and overall, from 2007 to 2024, there has been a 15% rise in the guideline value. The fluctuations in the values highlight the changing landscape of property valuation in this area.

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 aligns with the current guideline value of C-Blcok 8th Street.

• C-Blcok 7th Street: Rs 11,500 per sq.ft (2024)
• C-Blcok 9th Street: Rs 11,500 per sq.ft (2024)
• C-Blcok 6th 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-Blcok 10th Street: Rs 11,500 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 8th 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 at 7% would be Rs 8,05,000, and the registration fee at 2% would be Rs 2,30,000, bringing the total charges to 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers C-Blcok 8th Street?

The C-Blcok 8th Street is covered by the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. To find your SRO, you can visit find your SRO.

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 are applicable when a property is bought or sold. Buyers and sellers must be aware of the current guideline value to ensure proper compliance with registration requirements.

When registering a property, the guideline value is compared to the sale price. The higher of the two figures is used to calculate the applicable stamp duty and registration fees, ensuring that the transaction is accurately valued according to government regulations.

Frequently asked questions

What is the current guideline value of C-Blcok 8th Street?

The current guideline value of C-Blcok 8th 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 significantly, 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 8th Street?

C-Blcok 8th Street is classified as Residential Special Type - I, indicating its designation for residential purposes.

Where can I find the AnnaNagar Sub Registrar Office?

The AnnaNagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

How is the stamp duty calculated for properties in C-Blcok 8th 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 calculated at 7% of this amount.