Guideline Value for E-Block, 3rd Street

E-Block, 3rd Street guideline value

The current guideline value of E-Block, 3rd Street in Periakudal village is Rs 11,500 per sq.ft, effective from 1 July 2024. This property falls under the AnnaNagar SRO and is classified as Residential Special Type - I.

How the guideline value of E-Block, 3rd Street has changed

The guideline value for E-Block, 3rd Street has undergone several revisions over the years. In 2007, the value was Rs 10,000 per sq.ft, which increased to Rs 10,500 per sq.ft in 2012. However, it saw a decrease of 33% to Rs 7,035 per sq.ft in 2017. The value then rose significantly by 49% to Rs 10,500 per sq.ft in 2023, and currently stands at Rs 11,500 per sq.ft as of the 2024 revision, marking a 10% increase from the previous year. The register has no figures for the years 2002 and 2003 for this street.

Overall, from 2007 to 2024, the guideline value has increased by 15%. The changes reflect a complex history of fluctuations, with the most notable rise occurring between 2017 and 2023.

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 Street aligns perfectly with this median.

• E- Block, 3rd Avenue, 3266A, (Church) 3266B,C, 3269,3645C, Telephone Exchange, East Pallavan Dept.: Rs 15,900 per sq.ft (2024)
• E- Block, 5th Main Road 3366,3366A,3408 to 3416(Church): Rs 12,600 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, 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 11,500 per sq.ft, the total 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, bringing the total fees to Rs 10,35,000. Duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers E-Block, 3rd Street?

The E-Block, 3rd Street falls under the jurisdiction of 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 component in property transactions in Periakudal, as it determines the minimum value at which a property can be registered. When buying or selling property, this value is essential for calculating the stamp duty and registration fees that need to be paid during the registration process.

Additionally, the guideline value serves as a reference point for both buyers and sellers, ensuring that transactions are conducted transparently and fairly. It is important to be aware of the current guideline value to avoid any discrepancies during the registration of property.

Frequently asked questions

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

The current guideline value for E-Block, 3rd 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 registration office for E-Block, 3rd Street?

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

How is the stamp duty calculated?

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.

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

Other streets in Periakudal include E- Block, 3rd Avenue, E- Block, 5th Main Road, E- Block, 2nd Street, E- Block, 2nd Main Road, and E-Block, 1st Street, each with varying guideline values.