Guideline Value for C-Blcok 9th Street

C-Blcok 9th Street guideline value

The current guideline value of C-Blcok 9th 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 9th Street has changed

Over the years, the guideline value of C-Blcok 9th Street has seen several revisions. The earliest available figure is from 2007, when the value was Rs 10,000 per sq.ft. This was followed by a revision in 2012, where the value increased to Rs 10,500 per sq.ft. However, in 2017, the value dropped to Rs 7,035 per sq.ft, marking a decrease of 33%. The next revision in 2023 saw a significant increase to Rs 10,500 per sq.ft, and the most recent revision in 2024 set the value at Rs 11,500 per sq.ft, reflecting a 10% increase from the previous year.

In summary, the guideline value has changed from Rs 10,000 in 2007 to Rs 11,500 in 2024, resulting in an overall increase of 15%. The revisions for the years 2002 and 2003 do not have figures available for this street in the register.

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, with the median being Rs 11,500 per sq.ft. C-Blcok 9th Street's 2024 figure aligns with this median.

• C-Blcok 8th 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 7th Street: Rs 11,500 per sq.ft (2024)
• C- Block, 2nd Avenue, 108 to 114: Rs 15,900 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-Blcok 9th 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, making the total fees together Rs 10,35,000. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers C-Blcok 9th Street?

The Sub Registrar Office that covers C-Blcok 9th Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Periakudal. When a property is bought or sold, the guideline value is used to determine the stamp duty and registration fees applicable, ensuring that the transaction is recorded accurately in the official register.

It is essential for buyers and sellers to be aware of the guideline value as it influences the overall cost of the transaction. Understanding the guideline value helps in making informed decisions during property dealings in the area.

Frequently asked questions

What is the current guideline value of C-Blcok 9th Street?

The current guideline value of C-Blcok 9th 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 revisions occurring in between, including a drop to Rs 7,035 in 2017 and an increase to Rs 10,500 in 2023.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 1,15,00,000, the stamp duty would be Rs 8,05,000 and the registration fee would be Rs 2,30,000, totaling Rs 10,35,000.

Which office handles registrations for C-Blcok 9th Street?

The AnnaNagar Sub Registrar Office handles registrations for C-Blcok 9th Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for C-Blcok 9th Street?

C-Blcok 9th Street is classified as Residential Special Type - I, which is important for understanding its usage and potential regulations.