Guideline Value for H Block, 2nd Street

H Block, 2nd Street guideline value

The current guideline value of H Block, 2nd Street, Periakudal village, under the AnnaNagar SRO is Rs 11,000 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - II.

How the guideline value of H Block, 2nd Street has changed

Over the years, the guideline value for H Block, 2nd Street has seen several revisions. The earliest recorded revision is from 2007, where the guideline value was Rs 10,000 per sq.ft. This remained unchanged until the 2012 revision, which also recorded Rs 10,000 per sq.ft. However, in 2017, the value dropped to Rs 6,700 per sq.ft. This was followed by a significant increase to Rs 10,000 per sq.ft in 2023, and then to Rs 11,000 per sq.ft in 2024, marking a 10% rise from the previous year.

The changes between revisions indicate a fluctuation in values. From 2017 to 2023, there was a notable increase of 49%. Conversely, the period from 2012 to 2017 saw a decrease of 33%. Overall, from 2007 to 2024, the guideline value has increased by 10%.

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, with a median value of Rs 11,500 per sq.ft. The guideline value for H Block, 2nd Street is below this median.

• H- Block, 3rd Avenue, 3642. (14 Shops) 3644,3645A,B,C (Mosque): Rs 15,900 per sq.ft (2024)
• H-Block, 4th Main Road, 3467, 3478,3487, Chennai-102 East: Rs 12,600 per sq.ft (2024)
• H Block, 4th Street: Rs 11,500 per sq.ft (2024)
• H- Block, 5th Main Road 3417 to 3426(Chennai 102) East: Rs 12,600 per sq.ft (2024)
• H Block, 5th Street: Rs 11,500 per sq.ft (2024)
• I Block, 10th Street: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in H Block, 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 11,000 per sq.ft, the total guideline value amounts to Rs 1,10,00,000. The stamp duty at 7% would be Rs 7,70,000, and the registration fee at 2% would be Rs 2,20,000, leading to a total of Rs 9,90,000. 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 H Block, 2nd Street?

The Sub Registrar Office that covers H Block, 2nd 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 when registering property transactions in Periakudal. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is used to calculate the applicable charges, ensuring that the registration process is transparent and standardized. Buyers and sellers must be aware of the guideline value to avoid any unexpected costs during the transaction.

Frequently asked questions

What is the current guideline value for H Block, 2nd Street?

The current guideline value for H Block, 2nd Street is Rs 11,000 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 and 2012, to Rs 6,700 per sq.ft in 2017, then back to Rs 10,000 per sq.ft in 2023, and finally to Rs 11,000 per sq.ft in 2024.

What is the land classification for H Block, 2nd Street?

H Block, 2nd Street is classified as Residential Class I Type - II.

What is the median guideline value in Periakudal?

The median guideline value in Periakudal is Rs 11,500 per sq.ft, while H Block, 2nd Street's value is below this median.

Where can I find the Sub Registrar Office for H Block, 2nd Street?

The Sub Registrar Office for H Block, 2nd Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.