Guideline Value for F- Block, 1st Avenue Plot nos217A, B, 218 to 225,225A,226A 261,262,142 to 162

F- Block, 1st Avenue Plot nos217A, B, 218 to 225,225A,226A 261,262,142 to 162 guideline value

The current guideline value for F- Block, 1st Avenue Plot nos217A, B, 218 to 225,225A,226A 261,262,142 to 162 is Rs 15,400 per sq.ft, effective from 1 July 2024. This property is located in Periakudal village, under the AnnaNagar SRO, and is classified as Commercial Class I Type - I.

How the guideline value of F- Block, 1st Avenue Plot nos217A, B, 218 to 225,225A,226A 261,262,142 to 162 has changed

The guideline value for this property has seen several revisions over the years. In 2007, the value was Rs 13,500 per sq.ft, which increased to Rs 14,000 per sq.ft in 2012. However, between 2012 and 2017, there was a decrease to Rs 9,380 per sq.ft. The value rose significantly to Rs 14,000 per sq.ft in 2023, and now stands at Rs 15,400 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 14%. The changes between revisions include a 49% increase from 2017 to 2023, and a 4% increase from 2007 to 2012. There are no figures available 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 F- Block, 1st Avenue is above this median, reflecting its commercial classification.

• F-Block, 1st Street: Rs 11,500 per sq.ft (2024)
• F- Block, 2nd Main Road 269 to 280: Rs 12,600 per sq.ft (2024)
• F-Block, 2nd Street: Rs 11,500 per sq.ft (2024)
• F-Block, 3rd Street: Rs 11,500 per sq.ft (2024)
• F-Block, 4th Street: Rs 11,500 per sq.ft (2024)
• F-Block, 5th Street: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in F- Block, 1st Avenue Plot nos217A, B, 218 to 225,225A,226A 261,262,142 to 162

For a 1,000 sq.ft plot at the current guideline value of Rs 15,400 per sq.ft, the total guideline value amounts to Rs 1,54,00,000. The stamp duty at 7% would be Rs 10,78,000, and the registration fee at 2% would be Rs 3,08,000, totaling Rs 13,86,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers F- Block, 1st Avenue Plot nos217A, B, 218 to 225,225A,226A 261,262,142 to 162?

The Sub Registrar Office that covers F- Block, 1st Avenue Plot nos217A, B, 218 to 225,225A,226A 261,262,142 to 162 is the AnnaNagar Sub Registrar Office. The address is 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 in Periakudal, as it determines the minimum value at which properties can be registered. When a buyer and seller agree on a sale price, the stamp duty and registration fees are calculated based on the higher of the sale price or the guideline value.

During the registration process, the guideline value ensures transparency and fairness in property transactions. It helps in assessing the appropriate taxes and fees that need to be paid, thus facilitating a smoother buying and selling experience.

Frequently asked questions

What is the current guideline value for F- Block, 1st Avenue?

The current guideline value for F- Block, 1st Avenue Plot nos217A, B, 218 to 225,225A,226A 261,262,142 to 162 is Rs 15,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 13,500 per sq.ft in 2007 to Rs 15,400 per sq.ft in 2024, reflecting an overall increase of 14% over this period. Notably, there was a 49% increase from 2017 to 2023.

What is the classification of the land in F- Block, 1st Avenue?

The land classification for F- Block, 1st Avenue Plot nos217A, B, 218 to 225,225A,226A 261,262,142 to 162 is Commercial Class I Type - I.

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

The Sub Registrar Office for this property 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 higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 10,78,000.