Guideline Value for F-Block, 4th Street

F-Block, 4th Street guideline value

The current guideline value of F-Block, 4th Street, Periakudal village, under the AnnaNagar SRO is Rs 11,500 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - I.

How the guideline value of F-Block, 4th Street has changed

The guideline value for F-Block, 4th Street has seen several revisions over the years. The 2007 revision set the value at Rs 10,000 per sq.ft, which increased to Rs 10,500 per sq.ft in 2012. However, the value decreased by 33% to Rs 7,035 per sq.ft in the 2017 revision. Following this, the value rose significantly by 49% to Rs 10,500 per sq.ft in 2023, and then increased by 10% to the current rate of Rs 11,500 per sq.ft in 2024.

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, 4th Street aligns with this median.

• F-Block, 3rd Street: Rs 11,500 per sq.ft (2024)
• F-Block, 5th Street: Rs 11,500 per sq.ft (2024)
• F-Block, 2nd Street: Rs 11,500 per sq.ft (2024)
• F-Block, 6th 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, 7th Street: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in F-Block, 4th 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, totaling 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 information.

Which Sub Registrar Office covers F-Block, 4th Street?

The F-Block, 4th 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). To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Periakudal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the registration fees and stamp duties are calculated fairly based on this value.

When buying or selling property, the guideline value helps in establishing a clear understanding of the financial obligations involved. It is important for both buyers and sellers to be aware of the current guideline value to ensure compliance with the legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of F-Block, 4th Street?

The current guideline value of F-Block, 4th 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, reflecting an overall increase of 15% over the years.

What is the land classification for F-Block, 4th Street?

The land classification for F-Block, 4th Street is Residential Special Type - I.

Where can I find the registration office for F-Block, 4th Street?

The registration office for F-Block, 4th 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, 4th Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 1,15,00,000, the stamp duty would be Rs 8,05,000 at 7%.