Guideline Value for H Block, 4th Street

H Block, 4th Street guideline value

The current guideline value of H Block, 4th Street in Periakudal village is Rs 11,500 per sq.ft, effective from 1 July 2024. This property falls under the jurisdiction of the AnnaNagar SRO and is classified as Residential Special Type - I.

How the guideline value of H Block, 4th Street has changed

Over the years, the guideline value of H Block, 4th Street has seen several revisions. The earliest recorded revision is from 2007, where the value was Rs 10,000 per sq.ft. In 2012, it increased to Rs 10,500 per sq.ft, but then dropped to Rs 7,035 per sq.ft in 2017. Following this, the value saw a significant rise to Rs 10,500 per sq.ft in 2023, and currently stands at Rs 11,500 per sq.ft as of the 2024 revision. Notably, the register has no figures for the years 2002 and 2003.

From 2017 to 2023, there was a notable increase of 49%. The value then rose by 10% from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 15%. The fluctuations in value reflect the changes in the real estate landscape in the area.

Guideline values in Periakudal

In Periakudal, the guideline values for properties under the AnnaNagar SRO range from Rs 3,300 to Rs 23,553 per sq.ft as per the 2024 revision, with a median value of Rs 11,500 per sq.ft. The guideline value for H Block, 4th Street aligns with this median.

• H-Block, 4th Main Road, 3467, 3478,3487, Chennai-102 East: Rs 12,600 per sq.ft (2024)
• H- Block, 3rd Avenue, 3642. (14 Shops) 3644,3645A,B,C (Mosque): Rs 15,900 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)
• H Block, 2nd Street: Rs 11,000 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, 4th Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 1,15,00,000. The stamp duty at 7% amounts to Rs 8,05,000, and the registration fee at 2% is 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.

Which Sub Registrar Office covers H Block, 4th Street?

The Sub Registrar Office that covers H Block, 4th 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 online 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 of property transactions in Periakudal. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid to the government.

It is essential for buyers and sellers to be aware of the current guideline value, as it ensures compliance with local regulations and helps in calculating the total costs involved in the transaction. Accurate knowledge of the guideline value can also aid in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of H Block, 4th Street?

The current guideline value of H Block, 4th 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 undergone several revisions, increasing from Rs 10,000 per sq.ft in 2007 to Rs 11,500 per sq.ft in 2024, with notable changes in between.

What is the land classification for H Block, 4th Street?

H Block, 4th Street is classified as Residential Special Type - I, indicating its intended use for residential purposes.

Where is the AnnaNagar Sub Registrar Office located?

The AnnaNagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

How is the stamp duty calculated for properties in H Block, 4th Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value incurs a total stamp duty and registration fee of Rs 10,35,000.