Guideline Value for H Block, 5th Street

H Block, 5th Street guideline value

The current guideline value of H Block, 5th Street, Periakudal village, under the AnnaNagar SRO is Rs 11,500 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - I.

How the guideline value of H Block, 5th Street has changed

The guideline value for H Block, 5th Street has seen several revisions over the years. In 2007, the guideline 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. The value rose significantly to Rs 10,500 per sq.ft in 2023, and the current revision in 2024 has set it at Rs 11,500 per sq.ft. Notably, the register has no figure for this street in 2002 and 2003.

Between the revisions, the changes were as follows: from 2007 to 2012, there was a 5% increase; from 2012 to 2017, a decrease of 33%; and from 2017 to 2023, a substantial increase of 49%. The most recent change from 2023 to 2024 reflects a 10% increase. 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 guideline value for 2024, ranging from Rs 3,300 to Rs 23,553 per sq.ft, with a median value of Rs 11,500 per sq.ft. H Block, 5th Street's 2024 guideline value aligns with this median.

• H- Block, 5th Main Road 3417 to 3426(Chennai 102) East: Rs 12,600 per sq.ft (2024)
• H Block, 4th Street: Rs 11,500 per sq.ft (2024)
• 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, 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, 5th 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, bringing the total cost for these fees to Rs 10,35,000. It is important to note that the duty is charged based on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more information on fees.

Which Sub Registrar Office covers H Block, 5th Street?

The Sub Registrar Office that covers H Block, 5th 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 during the registration of property transactions in Periakudal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the property is not undervalued during the sale.

When a buyer or seller engages in a transaction, the guideline value is used to calculate applicable fees such as stamp duty and registration fees. This ensures transparency and compliance with local regulations, making it essential for all parties involved in property transactions.

Frequently asked questions

What is the current guideline value of H Block, 5th Street?

The current guideline value of H Block, 5th 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, showing an overall increase of 15% over the years.

What is the land classification for H Block, 5th Street?

H Block, 5th Street is classified as Residential Special Type - I.

What are the stamp duty and registration fees for property in H Block, 5th Street?

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.

Which office handles registrations for H Block, 5th Street?

The AnnaNagar Sub Registrar Office handles registrations for H Block, 5th Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.