Guideline Value for F-Block, 2nd Street

F-Block, 2nd Street guideline value

The current guideline value of F-Block, 2nd 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 F-Block, 2nd Street has changed

The guideline value for F-Block, 2nd Street has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 10,000 per sq.ft, which increased to Rs 10,500 in 2012. However, it then decreased to Rs 7,035 in 2017, before rising significantly to Rs 10,500 in 2023. The most recent revision in 2024 has set the value at Rs 11,500 per sq.ft, marking a 10% increase from the previous year.

In summary, the changes between revisions are as follows: from 2012 to 2017, there was a decrease of 33%; from 2017 to 2023, an increase of 49%; and from 2023 to 2024, an increase of 10%. The overall change from 2007 to 2024 is an increase of 15%. The register has no figures 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 the median value being Rs 11,500 per sq.ft. The guideline value for F-Block, 2nd Street aligns perfectly with this median.

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

Stamp duty and registration fee for property in F-Block, 2nd 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. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers F-Block, 2nd Street?

The F-Block, 2nd Street is covered by 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 factor during the registration of property transactions in Periakudal. It serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a value that reflects the current market standards set by the government.

When buying or selling property, the guideline value helps in determining the minimum price at which a property can be sold, thus protecting both buyers and sellers. It is essential to be aware of the current guideline value to ensure compliance with legal requirements during the transaction process.

Frequently asked questions

What is the current guideline value for F-Block, 2nd Street?

The current guideline value for F-Block, 2nd 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 in 2007 to Rs 11,500 in 2024, with various fluctuations in between, including a decrease to Rs 7,035 in 2017 and an increase to Rs 10,500 in 2023.

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

Other streets in Periakudal include F- Block, 2nd Main Road 269 to 280 at Rs 12,600 per sq.ft, F-Block, 3rd Street, F-Block, 1st Street, and F-Block, 4th Street, all at Rs 11,500 per sq.ft, and F- Block, 1st Avenue at Rs 15,400 per sq.ft.

What is the registration office for F-Block, 2nd Street?

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

How is stamp duty calculated for properties in F-Block, 2nd Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 8,05,000 at a rate of 7%.