Guideline Value for D-Block, 7th Street

D-Block, 7th Street guideline value

The current guideline value of D-Block, 7th Street in Periakudal village is Rs 11,500 per sq.ft, effective from 1 July 2024. This property falls under the AnnaNagar SRO and is classified as Residential Special Type - I.

How the guideline value of D-Block, 7th Street has changed

The guideline value for D-Block, 7th Street has undergone several revisions over the years. In 2007, the guideline value was Rs 10,000 per sq.ft, which increased to Rs 10,500 per sq.ft in 2012. However, it decreased to Rs 7,035 per sq.ft in 2017. Following this, the value saw a significant increase to Rs 10,500 per sq.ft in 2023, and currently stands at Rs 11,500 per sq.ft as per the 2024 revision. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, there was a notable increase of 49%. The value then increased by 10% from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 15%.

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. D-Block, 7th Street's 2024 guideline value aligns with this median.

• D-Block, 6th Street: Rs 11,500 per sq.ft (2024)
• D-Block, 8th 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 Streets: 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, 7th 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, totaling Rs 10,35,000. 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 D-Block, 7th Street?

The Sub Registrar Office that covers D-Block, 7th Street 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 information.

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

The guideline value is an essential factor in the registration process of property transactions. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property in Periakudal, it is crucial to be aware of the current guideline value, as it directly impacts the financial obligations during registration. Buyers should ensure that the sale price is not lower than the guideline value to avoid complications during the registration process.

Frequently asked questions

What is the current guideline value of D-Block, 7th Street?

The current guideline value of D-Block, 7th Street is Rs 11,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed significantly, with the most recent revision in 2024 seeing an increase to Rs 11,500 per sq.ft from Rs 10,500 per sq.ft in 2023. The value has increased by 49% from 2017 to 2023.

What are the stamp duty and registration fees for property in D-Block, 7th Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 1,15,00,000. The stamp duty is Rs 8,05,000, and the registration fee is Rs 2,30,000, totaling Rs 10,35,000.

Which Sub Registrar Office covers D-Block, 7th Street?

The AnnaNagar Sub Registrar Office covers D-Block, 7th Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for D-Block, 7th Street?

D-Block, 7th Street is classified as Residential Special Type - I under the guideline value register.