Guideline Value for D- Block, 1st Main Road 663 to 678,678A, Church Friends Colony and Ist Avenue

D- Block, 1st Main Road 663 to 678,678A, Church Friends Colony and Ist Avenue guideline value

The current guideline value for D- Block, 1st Main Road 663 to 678,678A, Church Friends Colony and Ist Avenue is Rs 15,400 per sq.ft, effective from 1 July 2024. This property is located in Periakudal village under the AnnaNagar SRO and is classified as Commercial Class I Type - I.

How the guideline value of D- Block, 1st Main Road 663 to 678,678A, Church Friends Colony and Ist Avenue has changed

Over the years, the guideline value for D- Block, 1st Main Road has seen several revisions. The 2007 revision set the value at Rs 13,500 per sq.ft, which increased to Rs 14,000 per sq.ft in 2012. However, this value saw a significant drop to Rs 9,380 per sq.ft in the 2017 revision. The subsequent 2023 revision brought the value back up to Rs 14,000 per sq.ft, followed by the current figure of Rs 15,400 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. The 2012 to 2017 period experienced a decline of 33%, while the 2007 to 2012 period saw a modest increase of 4%. Overall, from 2007 to 2024, the guideline value has increased by 14%. The register has no figures for the years 2002 and 2003 for this street.

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 a median value of Rs 11,500 per sq.ft. The guideline value for D- Block, 1st Main Road is above this median, reflecting its commercial classification.

• D- Block, 2nd Avenue, X 74, 75, 632B, 679, 697 to 702: Rs 15,900 per sq.ft (2024)
• D-Block, 3rd Street: Rs 11,500 per sq.ft (2024)
• D-Block, 4th Street: Rs 11,500 per sq.ft (2024)
• D-Block, 5th Street: Rs 11,500 per sq.ft (2024)
• D-Block, 6th Street: Rs 11,500 per sq.ft (2024)
• D-Block, 7th Street: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in D- Block, 1st Main Road 663 to 678,678A, Church Friends Colony and Ist Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 15,400 per sq.ft, the total guideline value amounts to Rs 1,54,00,000. The stamp duty, charged at 7%, would be Rs 10,78,000, while the registration fee at 2% would be Rs 3,08,000, bringing the total charges to Rs 13,86,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers D- Block, 1st Main Road 663 to 678,678A, Church Friends Colony and Ist Avenue?

The Sub Registrar Office that covers D- Block, 1st Main Road is 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 details.

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

The guideline value is a crucial factor when registering property transactions in Periakudal. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the registration department.

When a property is bought or sold, the guideline value is used to determine the applicable fees. Buyers should be aware that the stamp duty is charged on the higher of the guideline value or the sale price, which can significantly impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value for D- Block, 1st Main Road 663 to 678,678A, Church Friends Colony and Ist Avenue?

The current guideline value for this property is Rs 15,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 13,500 in 2007 to Rs 15,400 in 2024, with notable revisions in 2012, 2017, and 2023.

What is the land classification for D- Block, 1st Main Road?

The land classification for this area is Commercial Class I Type - I.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 1,54,00,000, the stamp duty would be Rs 10,78,000 and the registration fee would be Rs 3,08,000, totaling Rs 13,86,000.

Which office handles the registration for D- Block, 1st Main Road?

The registration for this area is handled by the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.