Guideline Value for D-Block, 5th Street

D-Block, 5th Street guideline value

The current guideline value for D-Block, 5th Street in Periakudal village is Rs 11,500 per sq.ft, effective from 1 July 2024. This area falls under the AnnaNagar SRO and is classified as Residential Special Type - I.

How the guideline value of D-Block, 5th Street has changed

The guideline value of D-Block, 5th Street has seen several revisions over the years. In 2007, the guideline value was Rs 10,000 per sq.ft. It increased to Rs 10,500 per sq.ft in 2012, followed by a decrease to Rs 7,035 per sq.ft in 2017. However, from 2017 to 2023, it rose significantly to Rs 10,500 per sq.ft, and the most recent revision in 2024 set the value at Rs 11,500 per sq.ft, marking a 10% increase from the previous year.

Notably, there are no figures available for the revisions in 2002 and 2003 for this street. The overall change from 2007 to 2024 reflects a 15% increase in the guideline value.

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 is equal to the current guideline value for D-Block, 5th Street.

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

Stamp duty and registration fee for property in D-Block, 5th 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, resulting in a total of Rs 10,35,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers D-Block, 5th Street?

The D-Block, 5th Street is covered by 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 further assistance.

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

The guideline value plays a crucial role during property registration in Periakudal. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area. Buyers should be aware that the guideline value is set by the government and can vary from one street to another.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair price, reflecting the prevailing market conditions. This helps maintain transparency in property transactions and ensures that the government receives the appropriate revenue from stamp duties.

Frequently asked questions

What is the current guideline value for D-Block, 5th Street?

The current guideline value for D-Block, 5th 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 per sq.ft in 2007 to Rs 11,500 per sq.ft in 2024, reflecting a 15% increase overall. The most significant change occurred between 2017 and 2023, where it rose by 49%.

Which Sub Registrar Office covers D-Block, 5th Street?

The AnnaNagar Sub Registrar Office covers D-Block, 5th Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

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

The stamp duty for properties in D-Block, 5th Street is 7%, and the registration fee is 2%. For example, a 1,000 sq.ft plot would incur a total fee of Rs 10,35,000 based on the current guideline value.

What is the land classification for D-Block, 5th Street?

D-Block, 5th Street is classified as Residential Special Type - I, which indicates its designated use for residential purposes within the area.