Guideline Value for G-Block (East) 12th Street

G-Block (East) 12th Street guideline value

The current guideline value for G-Block (East) 12th Street is Rs 11,500 per sq.ft, effective from the 2024 revision. This street is located in Periakudal village under the AnnaNagar SRO and is classified as Residential Special Type - I.

How the guideline value of G-Block (East) 12th Street has changed

The guideline value for G-Block (East) 12th Street has seen several revisions over the years. The earliest recorded revision was in 2007, with a value of Rs 10,000 per sq.ft. This increased to Rs 10,500 per sq.ft in 2012, but then saw a decrease to Rs 7,035 per sq.ft in 2017. Following this, the value rose significantly to Rs 10,500 per sq.ft in 2023, and then to the current Rs 11,500 per sq.ft in 2024, reflecting a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 15%. It is important to note that the register does not have figures for the years 2002 and 2003 for this street.

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 current guideline value of G-Block (East) 12th Street.

• G-Block (East) 10th 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) 12th 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 cost 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers G-Block (East) 12th Street?

The Sub Registrar Office that covers G-Block (East) 12th Street 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 details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Periakudal. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When engaging in property transactions, it is essential to be aware of the guideline value as it affects the overall cost of registration. Buyers and sellers should ensure that they are informed about the current guideline values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for G-Block (East) 12th Street?

The current guideline value for G-Block (East) 12th Street is Rs 11,500 per sq.ft, effective from the 2024 revision.

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) 10th Street and G-Block (East) 9th Street.

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

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.

Where can I find the Sub Registrar Office for G-Block (East) 12th Street?

The Sub Registrar Office for G-Block (East) 12th Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.