Guideline Value for E- Block, 5th Main Road 3366,3366A,3408 to 3416(Church)

E- Block, 5th Main Road 3366,3366A,3408 to 3416(Church) guideline value

The current guideline value for E- Block, 5th Main Road 3366,3366A,3408 to 3416(Church) is Rs 12,600 per sq.ft, effective from 1 July 2024. This property is located in Periakudal village and falls under the AnnaNagar SRO. The land classification for this area is Mixed Type - III.

How the guideline value of E- Block, 5th Main Road 3366,3366A,3408 to 3416(Church) has changed

The guideline value for E- Block, 5th Main Road has seen several revisions over the years. In 2007, the guideline value was Rs 11,000 per sq.ft. This increased to Rs 11,500 per sq.ft in 2012, marking a 5% rise. However, in 2017, the value dropped to Rs 7,705 per sq.ft, reflecting a decrease of 33%. The value then rose significantly to Rs 11,500 per sq.ft in 2023, a 49% increase from the previous figure. The most recent revision in 2024 set the guideline value at Rs 12,600 per sq.ft, which is a 10% increase from 2023.

There are no figures available for the years 2002 and 2003 for this street in the register. 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 have a 2024 guideline value ranging from Rs 3,300 to Rs 23,553 per sq.ft, with a median of Rs 11,500 per sq.ft. The guideline value for E- Block, 5th Main Road is above this median.

• E-Block, 3rd 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, 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, 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, 5th Main Road 3366,3366A,3408 to 3416(Church)

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 fees 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.

You can use the stamp duty and registration fee calculator for more information on the applicable fees.

Which Sub Registrar Office covers E- Block, 5th Main Road 3366,3366A,3408 to 3416(Church)?

The E- Block, 5th Main Road 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 details.

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

The guideline value is an essential factor when registering property in Periakudal. It serves as a benchmark for calculating the stamp duty and registration fees that buyers and sellers must pay during the transaction process.

When a property is sold, the guideline value helps determine the minimum value at which the property can be registered. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for E- Block, 5th Main Road?

The current guideline value for E- Block, 5th Main Road 3366,3366A,3408 to 3416(Church) 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 from Rs 11,000 per sq.ft in 2007 to Rs 12,600 per sq.ft in 2024, reflecting an overall increase of 15%. The most significant changes occurred between 2017 and 2023, where it rose from Rs 7,705 per sq.ft to Rs 11,500 per sq.ft.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 1,26,00,000, the total fees would amount to Rs 11,34,000.

Which office handles the registration for E- Block, 5th Main Road?

The registration for E- Block, 5th Main Road is handled by the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for E- Block, 5th Main Road?

The land classification for E- Block, 5th Main Road is Mixed Type - III, which indicates the type of development permissible in this area.