Guideline Value for F-Block, 3rd Street

F-Block, 3rd Street guideline value

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

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

The guideline value for F-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 to Rs 7,035 per sq.ft in 2017. The value then rose significantly to Rs 10,500 per sq.ft in 2023, and finally reached Rs 11,500 per sq.ft in the 2024 revision. The changes between these revisions include a 5% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, a 49% increase from 2017 to 2023, and a 10% increase from 2023 to 2024.

It is important to note that there are no figures available for the revisions in 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 that carry a 2024 guideline value ranging from Rs 3,300 to Rs 23,553 per sq.ft, with the median value being Rs 11,500 per sq.ft. The guideline value for F-Block, 3rd Street matches this median.

• F-Block, 2nd Street: Rs 11,500 per sq.ft (2024)
• F-Block, 4th 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, 5th Street: Rs 11,500 per sq.ft (2024)
• F-Block, 1st Street: Rs 11,500 per sq.ft (2024)
• F-Block, 6th Street: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in F-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 charges to Rs 10,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

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

The F-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 the 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 plays a crucial role in property transactions in Periakudal. It is used to determine the stamp duty and registration fees during the sale or purchase of property. Buyers and sellers must be aware of the current guideline value to ensure accurate calculations of these fees.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value for F-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, with various increases and decreases in between, including a significant rise of 49% from 2017 to 2023.

What are the stamp duty and registration fees for property in F-Block, 3rd Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 1,15,00,000, resulting in a stamp duty of Rs 8,05,000 and a registration fee of Rs 2,30,000, totaling Rs 10,35,000.

Which Sub Registrar Office covers this area?

The AnnaNagar Sub Registrar Office covers F-Block, 3rd Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It is compared with the sale price, and the higher value is used for calculating the applicable duties.