Guideline Value for F-Block, 1st Street

F-Block, 1st Street guideline value

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

How the guideline value of F-Block, 1st Street has changed

The guideline value for F-Block, 1st Street has seen several revisions over the years. In 2007, the guideline value was Rs 10,000 per sq.ft. This figure increased to Rs 10,500 per sq.ft in 2012, followed by a decrease to Rs 7,035 per sq.ft in 2017. The 2023 revision raised it to Rs 10,500 per sq.ft, and the latest revision in 2024 has set it at Rs 11,500 per sq.ft. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, there was a significant increase of 49%. The value then rose by 10% from 2023 to 2024. 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 a median of Rs 11,500 per sq.ft. The guideline value for F-Block, 1st Street is equal to this median.

• F- Block, 1st Avenue Plot nos217A, B, 218 to 225,225A,226A 261,262,142 to 162: Rs 15,400 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 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, and the registration fee at 2% would be Rs 2,30,000, bringing the total to Rs 10,35,000. 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 more details.

Which Sub Registrar Office covers F-Block, 1st Street?

The Sub Registrar Office that covers F-Block, 1st 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 information.

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

The guideline value is an essential factor in property transactions in Periakudal, as it determines the minimum value for stamp duty and registration fees. When buying or selling property, the guideline value is used to calculate the applicable taxes and fees based on the property's value at the time of registration.

It is crucial for buyers and sellers to be aware of the current guideline value to ensure they are compliant with the registration requirements. This value can significantly impact the overall cost of the transaction, making it important to stay informed about any changes.

Frequently asked questions

What is the current guideline value of F-Block, 1st Street?

The current guideline value of F-Block, 1st 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 revisions in between, including a decrease in 2017.

What is the land classification for F-Block, 1st Street?

F-Block, 1st Street is classified as Residential Special Type - I.

What is the stamp duty for property in F-Block, 1st Street?

The stamp duty for property in F-Block, 1st Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for F-Block, 1st Street located?

The Sub Registrar Office for F-Block, 1st Street is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.