Guideline Value for G-Block (East) 10th Street

G-Block (East) 10th Street guideline value

The current guideline value of G-Block (East) 10th Street is Rs 11,500 per sq.ft, effective from 1 July 2024. This street is located in Periakudal village under the AnnaNagar SRO, and it is classified as Residential Special Type - I.

How the guideline value of G-Block (East) 10th Street has changed

The guideline value for G-Block (East) 10th 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 dropped to Rs 7,035 per sq.ft in 2017, marking a decrease of 33%. The value saw a significant increase of 49% to reach Rs 10,500 per sq.ft in 2023, before rising again by 10% to the current value of Rs 11,500 per sq.ft in 2024.

It is important to note that there are no recorded figures for G-Block (East) 10th Street in the years 2002 and 2003. 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 have 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 the same as the current value for G-Block (East) 10th Street. Below are other streets in Periakudal with their respective guideline values:

• G-Block (East) 12th Street: Rs 11,500 per sq.ft (2024)
• G-Block (East) 9th Street: Rs 11,500 per sq.ft (2024)
• G-Block, Ist Avenue 577 to 583, 839 to 845 Chindamani Super Market: Rs 15,400 per sq.ft (2024)
• G- Block, 1st Main Road 602,613,624,632,632A, part: Rs 15,400 per sq.ft (2024)
• Gajalakshmi Colony: Rs 5,500 per sq.ft (2024)
• F-Block, 9th Street: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in G-Block (East) 10th 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, calculated 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 the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers G-Block (East) 10th Street?

The Sub Registrar Office that covers G-Block (East) 10th Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. To find your specific SRO, you can visit this link.

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

The guideline value is a crucial factor in property transactions in Periakudal, as it determines the minimum value at which properties can be registered. When a property is sold, the buyer must pay stamp duty and registration fees based on this guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

Additionally, the guideline value helps in assessing the fair price of properties in the area, providing a benchmark for buyers and sellers during negotiations. It is essential for both parties to be aware of this value to facilitate a smooth transaction process.

Frequently asked questions

What is the current guideline value for G-Block (East) 10th Street?

The current guideline value for G-Block (East) 10th 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 are the other streets in Periakudal with similar guideline values?

Other streets in Periakudal with a guideline value of Rs 11,500 per sq.ft include G-Block (East) 12th Street and G-Block (East) 9th Street.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2%. For example, for a property valued at Rs 1,15,00,000, the total fees would be Rs 10,35,000.

Which office do I need to register my property in G-Block (East) 10th Street?

The registration for properties in G-Block (East) 10th Street is handled by the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.