Guideline Value for E- Block, 3rd Avenue, 3266a, (Church) 3266b,c, 3269,3645c, Telephone Exchange, East Pallavan Dept.

E- Block, 3rd Avenue, 3266A, (Church) 3266B,C, 3269,3645C, Telephone Exchange, East Pallavan Dept. guideline value

The current guideline value for E- Block, 3rd Avenue, 3266A, (Church) 3266B,C, 3269,3645C, Telephone Exchange, East Pallavan Dept. is Rs 15,900 per sq.ft, effective from 1 July 2024. This property is located in Periakudal village under the AnnaNagar SRO and is classified as Commercial Special Type - II.

How the guideline value of E- Block, 3rd Avenue, 3266A, (Church) 3266B,C, 3269,3645C, Telephone Exchange, East Pallavan Dept. has changed

The guideline value for this location has seen several revisions over the years. In 2007, the value was Rs 13,500 per sq.ft, which increased to Rs 14,500 per sq.ft in 2012. However, there was a significant drop to Rs 9,715 per sq.ft in 2017. This was followed by a notable increase to Rs 14,500 per sq.ft in 2023, and finally, the current value stands at Rs 15,900 per sq.ft as of the 2024 revision.

Between the revisions, the changes are as follows: from 2007 to 2012, there was an increase of 7%, followed by a decrease of 33% from 2012 to 2017. The value then rose by 49% from 2017 to 2023, and there was a further increase of 10% from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 18%. The register has no figures for the years 2002 and 2003 for this street.

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. The guideline value for E- Block, 3rd Avenue is above this median.

• E-Block, 3rd Street: Rs 11,500 per sq.ft (2024)
• E-Block, 2nd Street: Rs 11,500 per sq.ft (2024)
• E- Block, 2nd Main Road 3406,3407,3384,3385, East Bus Terminus, Telephone Exchange: Rs 12,600 per sq.ft (2024)
• E- Block, 5th Main Road 3366,3366A,3408 to 3416(Church): Rs 12,600 per sq.ft (2024)
• E-Block, 1st Street: Rs 11,500 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, 3rd Avenue, 3266A, (Church) 3266B,C, 3269,3645C, Telephone Exchange, East Pallavan Dept.

For a 1,000 sq.ft plot at the current guideline value of Rs 15,900 per sq.ft, the total guideline value amounts to Rs 1,59,00,000. The stamp duty at 7% would be Rs 11,13,000, and the registration fee at 2% would be Rs 3,18,000, bringing the total to Rs 14,31,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers E- Block, 3rd Avenue, 3266A, (Church) 3266B,C, 3269,3645C, Telephone Exchange, East Pallavan Dept.?

The Sub Registrar Office covering this area 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 additional information.

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

The guideline value is a crucial factor during property registration in Periakudal. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately within the legal framework.

When buying or selling property, the guideline value impacts the stamp duty and registration fees payable. Buyers should be aware that these costs are calculated based on the guideline value or the sale price, whichever is higher, making it essential to understand the current guideline value for the property in question.

Frequently asked questions

What is the current guideline value for E- Block, 3rd Avenue?

The current guideline value for E- Block, 3rd Avenue, 3266A, (Church) 3266B,C, 3269,3645C, Telephone Exchange, East Pallavan Dept. is Rs 15,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 13,500 per sq.ft in 2007 to Rs 15,900 per sq.ft in 2024, with various increases and decreases in between, including a significant rise of 49% from 2017 to 2023.

What is the land classification for this property?

The land classification for E- Block, 3rd Avenue is Commercial Special Type - II, indicating its suitability for commercial activities.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for E- Block, 3rd Avenue is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 1,59,00,000, the stamp duty would be Rs 11,13,000 at 7%.