Guideline Value for F-Block, 7th Street

F-Block, 7th Street guideline value

The current guideline value of F-Block, 7th 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, 7th Street has changed

Over the years, the guideline value for F-Block, 7th Street has seen several revisions. 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, this value decreased by 33% to Rs 7,035 per sq.ft in the 2017 revision. The 2023 revision brought the value back up to Rs 10,500 per sq.ft, and the most recent 2024 revision increased it by 10% to the current value of Rs 11,500 per sq.ft.

In summary, the guideline value has changed significantly from Rs 7,035 per sq.ft in 2017 to Rs 11,500 per sq.ft in 2024, reflecting an overall increase of 15% from the 2007 figure. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Periakudal

In Periakudal village, there are 101 streets under the AnnaNagar SRO with 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, 7th Street.

• F-Block, 6th Street: Rs 11,500 per sq.ft (2024)
• F-Block, 8th Street: Rs 11,500 per sq.ft (2024)
• F-Block, 5th Street: Rs 11,500 per sq.ft (2024)
• F-Block, 9th 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, 7th 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 higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers F-Block, 7th Street?

The Sub Registrar Office that covers F-Block, 7th 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 a critical factor during property registration in Periakudal. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that these costs are proportionate to the property's worth.

When buying or selling property, the guideline value serves as a benchmark for both parties. It is essential to be aware of this value to understand the financial implications of the transaction, including the taxes involved.

Frequently asked questions

What is the current guideline value of F-Block, 7th Street?

The current guideline value of F-Block, 7th 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 significant changes in between, including a drop to Rs 7,035 per sq.ft in 2017.

What is the land classification for F-Block, 7th Street?

F-Block, 7th Street is classified as Residential Special Type - I.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would be Rs 10,35,000.

Which office handles property registrations for this street?

The AnnaNagar Sub Registrar Office handles property registrations for F-Block, 7th Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.