Guideline Value for E- Block, 2nd Main Road 3406,3407,3384,3385, East Bus Terminus, Telephone Exchange

E- Block, 2nd Main Road 3406,3407,3384,3385, East Bus Terminus, Telephone Exchange guideline value

The current guideline value for E- Block, 2nd Main Road 3406,3407,3384,3385, East Bus Terminus, Telephone Exchange is Rs 12,600 per sq.ft, effective from 1 July 2024. This property is located in Periakudal village under the AnnaNagar SRO, and the land classification is Mixed Type - III.

How the guideline value of E- Block, 2nd Main Road 3406,3407,3384,3385, East Bus Terminus, Telephone Exchange has changed

The guideline value for this street has seen several revisions over the years. The 2017 revision set the value at Rs 7,705 per sq.ft, which was a decrease of 33% from the 2012 revision of Rs 11,500 per sq.ft. The 2023 revision increased the value to Rs 11,500 per sq.ft, marking a significant increase of 49% from the 2017 figure. The most recent revision in 2024 has raised the guideline value to Rs 12,600 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 for this street. The 2007 revision had set the value at Rs 11,000 per sq.ft, which was a 5% increase from the 2012 figure. Overall, from the 2007 revision to the 2024 revision, 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. The median value for these streets is Rs 11,500 per sq.ft, placing the guideline value of E- Block, 2nd Main Road above this median.

• E-Block, 2nd Street: Rs 11,500 per sq.ft (2024)
• E-Block, 1st Street: Rs 11,500 per sq.ft (2024)
• E- Block, 3rd Avenue, 3266A, (Church) 3266B,C, 3269,3645C, Telephone Exchange, East Pallavan Dept.: Rs 15,900 per sq.ft (2024)
• E- Block, 3rd Street: Rs 11,500 per sq.ft (2024)
• E- Block, 5th Main Road 3366,3366A,3408 to 3416(Church): Rs 12,600 per sq.ft (2024)
• E Kandasamy Naidu College (for Men): Rs 14,700 per sq.ft (2024)

Stamp duty and registration fee for property in E- Block, 2nd Main Road 3406,3407,3384,3385, East Bus Terminus, Telephone Exchange

For a 1,000 sq.ft plot at the current guideline value of Rs 12,600 per sq.ft, the total guideline value would be Rs 1,26,00,000. The stamp duty at 7% would amount to Rs 8,82,000, and the registration fee at 2% would be Rs 2,52,000, bringing the total to Rs 11,34,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers E- Block, 2nd Main Road 3406,3407,3384,3385, East Bus Terminus, Telephone Exchange?

The Sub Registrar Office that covers this area 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 information.

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

The guideline value is a crucial factor in the registration process for property transactions in Periakudal. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, helping to maintain transparency in property dealings. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher of the two will be used to calculate the applicable duties and fees.

Frequently asked questions

What is the current guideline value for E- Block, 2nd Main Road?

The current guideline value for E- Block, 2nd Main Road 3406,3407,3384,3385, East Bus Terminus, Telephone Exchange is Rs 12,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 7,705 per sq.ft in 2017 to Rs 12,600 per sq.ft in 2024. This represents an overall increase of 15% from the 2007 revision to the current value.

What is the registration office for this area?

The registration office for E- Block, 2nd Main Road 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 is calculated at 7% of the guideline value or the sale price, whichever is higher. The registration fee is charged at 2% of the same amount.

What are the other streets in Periakudal with their guideline values?

Other streets in Periakudal include E-Block, 2nd Street and E-Block, 1st Street, both at Rs 11,500 per sq.ft, and E- Block, 3rd Avenue at Rs 15,900 per sq.ft. The guideline values vary significantly across the area.