Guideline Value for F-Block, 5th Street

F-Block, 5th Street guideline value

The current guideline value for F-Block, 5th 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, 5th Street has changed

The guideline value for F-Block, 5th 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 then decreased to Rs 7,035 per sq.ft in 2017. The value saw a significant rise to Rs 10,500 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 11,500 per sq.ft, marking a 10% increase from the previous year.

Notably, there are no figures available for the revisions in 2002 and 2003 for this street. The overall change in guideline value from 2007 to 2024 is an increase of 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. The median value is Rs 11,500 per sq.ft, which is equal to the guideline value of F-Block, 5th Street.

• F-Block, 4th Street: Rs 11,500 per sq.ft (2024)
• F-Block, 6th Street: Rs 11,500 per sq.ft (2024)
• F-Block, 3rd Street: Rs 11,500 per sq.ft (2024)
• F-Block, 7th Street: Rs 11,500 per sq.ft (2024)
• F-Block, 2nd Street: Rs 11,500 per sq.ft (2024)
• F-Block, 8th Street: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in F-Block, 5th 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, while 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 the 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, 5th Street?

The F-Block, 5th Street is covered by 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 a crucial factor in property transactions as it determines the minimum price at which a property can be registered. When buying or selling property in Periakudal, the guideline value is used to calculate the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value as it affects the overall cost of the transaction. Ensuring that the sale price is in line with the guideline value can help in avoiding any legal complications during the registration process.

Frequently asked questions

What is the current guideline value for F-Block, 5th Street?

The current guideline value for F-Block, 5th 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. Notably, there are no figures for the years 2002 and 2003.

What are the stamp duty and registration fees for property in F-Block, 5th Street?

For a property valued at Rs 1,15,00,000, the stamp duty would be Rs 8,05,000 and the registration fee would be Rs 2,30,000, totaling Rs 10,35,000.

Which Sub Registrar Office covers F-Block, 5th Street?

The AnnaNagar Sub Registrar Office covers F-Block, 5th 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 determine the minimum registration price and to calculate the applicable stamp duty and registration fees during property transactions in Periakudal.