Guideline Value for D-Block, 8th Street

D-Block, 8th Street guideline value

The current guideline value of D-Block, 8th 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, 8th Street has changed

The guideline value for D-Block, 8th Street has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 10,000 per sq.ft. This figure increased to Rs 10,500 per sq.ft in 2012, but then dropped to Rs 7,035 per sq.ft in 2017. Following this decline, the value rose significantly to Rs 10,500 per sq.ft in 2023, and then reached the current value of Rs 11,500 per sq.ft in 2024, marking a 10% increase from the previous year.

In summary, the changes between revisions are as follows: from 2007 to 2012, there was a 5% increase; from 2012 to 2017, a decrease of 33%; from 2017 to 2023, an increase of 49%; and from 2023 to 2024, an increase of 10%. The overall change from 2007 to 2024 is an increase of 15%. The register has no figure 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 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 2024 guideline value of D-Block, 8th Street.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 11,500 per sq.ft, the total guideline value would be Rs 1,15,00,000. The stamp duty at 7% would amount to Rs 8,05,000, and the registration fee at 2% would be Rs 2,30,000, bringing the total fees together to 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers D-Block, 8th Street?

The Sub Registrar Office that covers D-Block, 8th 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 plays a crucial role in the registration process when buying or selling property in Periakudal. It is used to determine the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When a property is registered, the guideline value ensures that the transaction is documented at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers should be aware of the current guideline value to ensure they are informed during the registration process.

Frequently asked questions

What is the current guideline value of D-Block, 8th Street?

The current guideline value of D-Block, 8th 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, with various increases and decreases in between. The most significant increase was from 2017 to 2023, where it rose by 49%.

What is the land classification for D-Block, 8th Street?

D-Block, 8th Street is classified as Residential Special Type - I under the AnnaNagar SRO.

What are the stamp duty rates for property in D-Block, 8th Street?

The stamp duty for property in D-Block, 8th Street is 7% of the guideline value or sale price, whichever is higher. Additional registration fees are charged at 2%.

Where is the Sub Registrar Office for D-Block, 8th Street located?

The Sub Registrar Office for D-Block, 8th Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.