Guideline Value for G-Block (East) 9th Street

G-Block (East) 9th Street guideline value

The current guideline value of G-Block (East) 9th Street is Rs 11,500 per sq.ft, effective from 1 July 2024. This street is located in Periakudal village under the AnnaNagar SRO, classified as Residential Special Type - I.

How the guideline value of G-Block (East) 9th Street has changed

In the 2007 revision, the guideline value was Rs 10,000 per sq.ft. This increased to Rs 10,500 per sq.ft in 2012, marking a rise of 5%. However, the value then decreased to Rs 7,035 per sq.ft in the 2017 revision, reflecting a decline of 33%. The value saw a significant increase to Rs 10,500 per sq.ft in the 2023 revision, which was a rise of 49%. The latest revision in 2024 has set the value at Rs 11,500 per sq.ft, an increase of 10% from the previous year.

There are no figures available in the register for the years 2002 and 2003 for this street. 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 carry a 2024 guideline value, ranging from Rs 3,300 to Rs 23,553 per sq.ft. The median value for these streets is Rs 11,500 per sq.ft, which is equal to the 2024 guideline value for G-Block (East) 9th Street.

• G-Block (East) 12th 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 (East) 10th Street: Rs 11,500 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) 9th 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, and the registration fee at 2% would be Rs 2,30,000, totaling 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 information on applicable fees.

Which Sub Registrar Office covers G-Block (East) 9th Street?

The Sub Registrar Office that covers G-Block (East) 9th 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 plays a crucial role in the registration process when buying or selling property in Periakudal. It is the value determined by the Registration Department and is used to calculate the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate fees for property transactions in the area.

Frequently asked questions

What is the current guideline value for G-Block (East) 9th Street?

The current guideline value for G-Block (East) 9th 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 seen several changes, from Rs 10,000 per sq.ft in 2007 to Rs 11,500 per sq.ft in 2024, with notable increases and decreases in between.

What is the registration office for G-Block (East) 9th Street?

The registration office for G-Block (East) 9th Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 1,15,00,000, the stamp duty would be Rs 8,05,000 at 7%.

What is the land classification for G-Block (East) 9th Street?

The land classification for G-Block (East) 9th Street is Residential Special Type - I, indicating its designated use for residential purposes.