Guideline Value for G BLOCK 2ND STREET 10TH MAIN ROAD

G Block 2nd Street 10th Main Road guideline value

The current guideline value of G Block 2nd Street 10th Main Road is Rs 15,900 per sq.ft, effective from 1 July 2024. This street is located in Koyakbedu village, under the AnnaNagar SRO, and is classified as Residential Special Type - II.

How the guideline value of G Block 2nd Street 10th Main Road has changed

In the 2017 revision, the guideline value was Rs 9,715 per sq.ft. This figure increased significantly to Rs 14,500 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 saw another increase to Rs 15,900 per sq.ft, which is a 10% rise from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Koyakbedu

Koyakbedu village has a range of guideline values across its 270 streets under the AnnaNagar SRO, with values ranging from Rs 2,200 to Rs 16,500 per sq.ft. The median guideline value is Rs 4,400 per sq.ft, and G Block 2nd Street 10th Main Road's 2024 figure is above that median.

• Ganesh Nagar Extension (near Bus Stand Kaliamman Koil Street): Rs 4,400 per sq.ft (2024)
• Gandhi Street: Rs 3,300 per sq.ft (2024)
• Govind Garden: Rs 3,300 per sq.ft (2024)
• Harris Street: Rs 3,300 per sq.ft (2024)
• H Block 13th Main Road: Rs 13,100 per sq.ft (2024)
• H Block 15th Main Road: Rs 13,100 per sq.ft (2024)

Stamp duty and registration fee for property in G Block 2nd Street 10th Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 15,900 per sq.ft, the total guideline value amounts to Rs 1,59,00,000. The stamp duty at 7% would be Rs 11,13,000, and the registration fee at 2% would be Rs 3,18,000, making a total of Rs 14,31,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers G Block 2nd Street 10th Main Road?

The Sub Registrar Office that covers G Block 2nd Street 10th Main Road is 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 Koyakbedu

The guideline value plays a crucial role in the registration process of property transactions in Koyakbedu. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are based on a standardized valuation.

It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process. Understanding how the guideline value affects the overall cost of property transactions can help in making informed decisions.

Frequently asked questions

What is the current guideline value of G Block 2nd Street 10th Main Road?

The current guideline value of G Block 2nd Street 10th Main Road is Rs 15,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 9,715 per sq.ft in 2017 to Rs 14,500 per sq.ft in 2023, and then to Rs 15,900 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What is the land classification of G Block 2nd Street 10th Main Road?

G Block 2nd Street 10th Main Road is classified as Residential Special Type - II, indicating its designated use for residential purposes.

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

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 1,59,00,000, the total fees would amount to Rs 14,31,000.

Which office handles registrations for G Block 2nd Street 10th Main Road?

The AnnaNagar Sub Registrar Office handles registrations for G Block 2nd Street 10th Main Road. It is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.