Guideline Value for E-Block, 2nd Street

E-Block, 2nd Street guideline value

The current guideline value for E-Block, 2nd Street in Periakudal village, under the AnnaNagar SRO, is Rs 11,500 per sq.ft, effective from 1 July 2024. This property falls under the Residential Special Type - I land classification.

How the guideline value of E-Block, 2nd Street has changed

The guideline value for E-Block, 2nd Street has seen several revisions over the years. The 2007 revision set the value at Rs 10,000 per sq.ft, which increased to Rs 10,500 in 2012. However, it then decreased to Rs 7,035 in 2017. Following this, the value rose significantly to Rs 10,500 in 2023, and most recently to Rs 11,500 in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. The changes from 2012 to 2017 reflected a decrease of 33%, while the 2007 to 2012 period saw a modest increase of 5%. Overall, from 2007 to 2024, the guideline value has increased by 15%. 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. The median value is Rs 11,500 per sq.ft, which is equal to the guideline value for E-Block, 2nd Street.

• E- Block, 2nd Main Road 3406,3407,3384,3385, East Bus Terminus, Telephone Exchange: Rs 12,600 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, 1st Street: Rs 11,500 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 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 11,500 per sq.ft, the total guideline value would be Rs 1,15,00,000. The stamp duty at 7% would amount to Rs 8,05,000, while the registration fee at 2% would be Rs 2,30,000, leading to a total of Rs 10,35,000. 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 Street?

The E-Block, 2nd Street is covered by 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 essential for property transactions as it determines the minimum value at which a property can be registered. It is used to calculate the stamp duty and registration fees, ensuring that these charges are based on a standard valuation rather than the sale price alone.

When buying or selling property in Periakudal, it is crucial to be aware of the guideline value as it can significantly affect the overall cost of the transaction. Buyers should ensure that they are informed about the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value for E-Block, 2nd 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 in 2007 to Rs 11,500 in 2024, with various revisions in between, including a decrease in 2017 and increases in subsequent years.

What is the land classification for E-Block, 2nd Street?

E-Block, 2nd Street is classified as Residential Special Type - I, which is significant for determining its use and value.

Where can I find the registration office for E-Block, 2nd Street?

The registration office for E-Block, 2nd Street 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 Periakudal?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 1,15,00,000, the stamp duty at 7% would be Rs 8,05,000.