Guideline Value for F-Block, 8th Street

F-Block, 8th Street guideline value

The current guideline value for F-Block, 8th Street in Periakudal village is Rs 11,500 per sq.ft, effective from the 2024 revision. This street falls under the AnnaNagar SRO and is classified as Residential Special Type - I.

How the guideline value of F-Block, 8th Street has changed

Over the years, the guideline value for F-Block, 8th Street has seen several revisions. The earliest recorded revision is from 2007, where the guideline value was Rs 10,000 per sq.ft. This increased to Rs 10,500 per sq.ft in 2012, but then saw a decrease to Rs 7,035 per sq.ft in 2017. Following this, the value rose significantly to Rs 10,500 per sq.ft in 2023, and further increased to Rs 11,500 per sq.ft in 2024. It is important to note that there are no figures available for the years 2002 and 2003 for this street.

The changes between the revisions highlight a fluctuation in the guideline value. From 2017 to 2023, there was a notable increase of 49%. However, between 2012 and 2017, the value decreased by 33%. The increase from 2023 to 2024 was 10%, and overall, from 2007 to 2024, the guideline value has increased by 15%.

Guideline values in Periakudal

In Periakudal, there are a total of 101 streets under the AnnaNagar SRO that have a 2024 guideline value ranging from Rs 3,300 to Rs 23,553 per sq.ft. The median value for these streets is Rs 11,500 per sq.ft, which aligns with the guideline value for F-Block, 8th Street.

• F-Block, 7th Street: Rs 11,500 per sq.ft (2024)
• F-Block, 9th Street: Rs 11,500 per sq.ft (2024)
• F-Block, 6th Street: Rs 11,500 per sq.ft (2024)
• F-Block, 5th Street: Rs 11,500 per sq.ft (2024)
• F-Block, 4th Street: Rs 11,500 per sq.ft (2024)
• F-Block, 3rd Street: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in F-Block, 8th 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, charged at 7%, would be Rs 8,05,000, while the registration fee at 2% would be Rs 2,30,000. Together, these fees would total Rs 10,35,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers F-Block, 8th Street?

The Sub Registrar Office that covers F-Block, 8th Street is 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 details.

How the guideline value is used when you buy or sell in Periakudal

The guideline value is a critical factor in the property registration process in Periakudal. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that transactions are documented at a fair value.

When buying or selling property, the guideline value affects the stamp duty and registration fees payable. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price, which can significantly impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value for F-Block, 8th Street?

The current guideline value for F-Block, 8th 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.

What is the land classification for F-Block, 8th Street?

F-Block, 8th Street is classified as Residential Special Type - I.

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

The Sub Registrar Office for F-Block, 8th 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 this area?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. The registration fee is charged at 2% of the same value.