Guideline Value for D- Block Streets

D- Block Streets guideline value

The current guideline value for D- Block Streets in Periakudal village, under the AnnaNagar SRO, is Rs 11,500 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - I.

How the guideline value of D- Block Streets has changed

The guideline value for D- Block Streets has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 10,500 per sq.ft. This was followed by a decrease to Rs 7,035 per sq.ft in 2017, before rising again to Rs 10,500 per sq.ft in 2023. The most recent revision in 2024 set the value at Rs 11,500 per sq.ft, marking a 10% increase from the previous year.

From 2012 to 2017, there was a decrease of 33%, while from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Periakudal

In Periakudal, there are 101 streets under the AnnaNagar SRO, with guideline values ranging from Rs 3,300 to Rs 23,553 per sq.ft. The median value is Rs 11,500 per sq.ft, which is the same as the current guideline value for D- Block Streets.

• D-Block, 8th Street: Rs 11,500 per sq.ft (2024)
• D-Block, 7th Street: Rs 11,500 per sq.ft (2024)
• D-Block, 6th Street: Rs 11,500 per sq.ft (2024)
• D-Block, 5th Street: Rs 11,500 per sq.ft (2024)
• D-Block, 4th Street: Rs 11,500 per sq.ft (2024)
• D-Block, 3rd Street: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in D- Block Streets

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, and the registration fee at 2% would total Rs 2,30,000. Together, these fees amount 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 D- Block Streets?

The D- Block Streets are covered by 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 information.

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

The guideline value is a crucial factor in property transactions in Periakudal. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the guideline value, as it affects the overall cost of the transaction. Buyers should ensure that they are prepared to pay the necessary fees based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value for D- Block Streets?

The current guideline value for D- Block Streets in Periakudal 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 10,500 in 2012 to Rs 7,035 in 2017, then to Rs 10,500 in 2023, and finally to Rs 11,500 in 2024.

What are the other streets in Periakudal with the same guideline value?

Other streets in Periakudal with the same guideline value of Rs 11,500 per sq.ft include D-Block, 8th Street; D-Block, 7th Street; D-Block, 6th Street; D-Block, 5th Street; D-Block, 4th Street; and D-Block, 3rd Street.

What fees are associated with buying property in D- Block Streets?

The fees associated with buying property include stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for D- Block Streets?

The Sub Registrar Office covering D- Block Streets is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.