Guideline Value for D-Block, 4th Street

D-Block, 4th Street guideline value

The current guideline value of D-Block, 4th Street, 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, 4th Street has changed

The guideline value for D-Block, 4th Street has seen several revisions over the years. The 2007 revision set the value at Rs 10,000 per sq.ft, which increased to Rs 10,500 in 2012. However, in 2017, the value dropped to Rs 7,035 per sq.ft. This was followed by a significant increase to Rs 10,500 in 2023, and the latest revision in 2024 raised it further to Rs 11,500 per sq.ft.

In terms of percentage changes, the value increased by 5% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then rose by 49% from 2017 to 2023. The increase from 2023 to 2024 is 10%. Overall, from 2007 to 2024, the guideline value has increased by 15%. 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 have a guideline value for 2024, ranging from Rs 3,300 to Rs 23,553 per sq.ft. The median value is Rs 11,500 per sq.ft, which is equal to the guideline value of D-Block, 4th Street.

• D-Block, 3rd Street: Rs 11,500 per sq.ft (2024)
• D-Block, 5th Street: Rs 11,500 per sq.ft (2024)
• D- Block, 2nd Avenue, X 74, 75, 632B, 679, 697 to 702: Rs 15,900 per sq.ft (2024)
• D-Block, 6th Street: Rs 11,500 per sq.ft (2024)
• D- Block, 1st Main Road 663 to 678,678A, Church Friends Colony and Ist Avenue: Rs 15,400 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, 4th 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 cost for these fees to Rs 10,35,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers D-Block, 4th Street?

The Sub Registrar Office that covers D-Block, 4th 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 details.

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 is used to determine the stamp duty and registration fees applicable when buying or selling property. This ensures that the government receives the appropriate revenue from property transactions.

When a property is registered, the guideline value is considered as a benchmark. Buyers and sellers should be aware that the stamp duty and registration fees are calculated based on this value or the sale price, whichever is higher, ensuring transparency in the transaction process.

Frequently asked questions

What is the current guideline value of D-Block, 4th Street?

The current guideline value of D-Block, 4th 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 multiple times, starting from Rs 10,000 in 2007, increasing to Rs 10,500 in 2012, dropping to Rs 7,035 in 2017, rising to Rs 10,500 in 2023, and finally reaching Rs 11,500 in 2024.

What is the land classification for D-Block, 4th Street?

D-Block, 4th Street is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for D-Block, 4th Street?

The Sub Registrar Office for D-Block, 4th Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a property valued at Rs 1,15,00,000 would incur a stamp duty of Rs 8,05,000 and a registration fee of Rs 2,30,000.