Guideline Value for D-Block, 3rd Street

D-Block, 3rd Street guideline value

The current guideline value for D-Block, 3rd 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, 3rd Street has changed

The guideline value for D-Block, 3rd Street has seen several revisions over the years. In 2007, the value was Rs 10,000 per sq.ft, which increased to Rs 10,500 per sq.ft in 2012. However, it then decreased to Rs 7,035 per sq.ft in 2017. Following that, the value rose significantly to Rs 10,500 per sq.ft in 2023, and has now reached Rs 11,500 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Notably, the register does not have figures for the years 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 aligns with the guideline value for D-Block, 3rd Street.

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

For a 1,000 sq.ft plot at the current rate of Rs 11,500 per sq.ft, the 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 fees to Rs 10,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more accurate fee assessments.

Which Sub Registrar Office covers D-Block, 3rd Street?

The D-Block, 3rd Street is covered by 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 property transactions in Periakudal. It is used to determine the stamp duty and registration fees that are applicable when buying or selling property. The fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, it is essential to be aware of the current guideline value as it influences the overall cost of the transaction. Buyers and sellers should ensure they are informed of the latest rates to avoid any unexpected expenses during the registration process.

Frequently asked questions

What is the current guideline value for D-Block, 3rd Street?

The current guideline value for D-Block, 3rd 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, showing an overall increase of 15% over the years.

What are the stamp duty and registration fees for property in D-Block, 3rd Street?

For a 1,000 sq.ft property, the total fees including stamp duty and registration fees would amount to Rs 10,35,000 based on the current guideline value.

Which office handles the registration for D-Block, 3rd Street?

The AnnaNagar Sub Registrar Office is responsible for handling registrations for D-Block, 3rd Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for D-Block, 3rd Street?

D-Block, 3rd Street is classified as Residential Special Type - I under the AnnaNagar SRO.