Guideline Value for E-Block, 1st Street

E-Block, 1st Street guideline value

The current guideline value of E-Block, 1st Street is Rs 11,500 per sq.ft, effective from 1 July 2024. This street is located in Periakudal village under the AnnaNagar SRO, classified as Residential Special Type - I.

How the guideline value of E-Block, 1st Street has changed

In the 2007 revision, the guideline value was Rs 10,000 per sq.ft. This increased to Rs 10,500 per sq.ft in 2012, then decreased to Rs 7,035 per sq.ft in 2017. The value saw a significant increase of 49% from 2017 to 2023, reaching Rs 10,500 per sq.ft, and then rose by 10% to the current value of Rs 11,500 per sq.ft in the 2024 revision.

The register has no figure for the years 2002 and 2003 for this street. 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 with a 2024 guideline value ranging from Rs 3,300 to Rs 23,553 per sq.ft. The median guideline value is Rs 11,500 per sq.ft, which is equal to the current value of E-Block, 1st Street.

• E- Block, 2nd Main Road: Rs 12,600 per sq.ft (2024)
• E-Block, 2nd Street: Rs 11,500 per sq.ft (2024)
• E- Block, 3rd Avenue: Rs 15,900 per sq.ft (2024)
• E-Block, 3rd Street: Rs 11,500 per sq.ft (2024)
• E- Block, 5th Main Road: 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, 1st 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, totaling Rs 10,35,000. 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 accurate calculations.

Which Sub Registrar Office covers E-Block, 1st Street?

The E-Block, 1st Street falls under 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 property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Periakudal, this value is used to calculate the stamp duty and registration fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of E-Block, 1st Street?

The current guideline value of E-Block, 1st 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, reflecting an overall increase of 15% over the years.

What is the land classification for E-Block, 1st Street?

The land classification for E-Block, 1st Street is Residential Special Type - I, indicating its suitability for residential purposes.

What are the stamp duty rates for property transactions?

The stamp duty rate for property transactions in this area is 7%, which is calculated based on the guideline value or the sale price, whichever is higher.

Where is the AnnaNagar Sub Registrar Office located?

The AnnaNagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.