Guideline Value for H- Block, 5th Main Road 3417 to 3426(Chennai 102) East

H- Block, 5th Main Road 3417 to 3426(Chennai 102) East guideline value

The current guideline value for H- Block, 5th Main Road 3417 to 3426(Chennai 102) East is Rs 12,600 per sq.ft, effective from 1 July 2024. This property is located in Periakudal village and falls under the AnnaNagar SRO, classified as Mixed Type - III land.

How the guideline value of H- Block, 5th Main Road 3417 to 3426(Chennai 102) East has changed

The guideline value for this street has seen several revisions over the years. The 2017 revision set the value at Rs 7,705 per sq.ft, which was a significant increase of 49% from the previous revision in 2012, where the value was Rs 11,500 per sq.ft. The 2007 revision had established the value at Rs 11,000 per sq.ft, reflecting a 5% increase from 2002, for which the register has no figure for this street. The most recent revision in 2023 raised the guideline value to Rs 11,500 per sq.ft, followed by a 10% increase to the current value of Rs 12,600 per sq.ft in 2024.

Overall, from 2007 to 2024, the guideline value has increased by 15%. The 2012 revision saw a decrease of 33% from the 2017 figure, while the values in 2023 and 2024 illustrate a steady upward trend, culminating in the current rate.

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, 5th Main Road 3417 to 3426(Chennai 102) East is above this median.

• H Block, 5th Street: Rs 11,500 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 Main Road 3417 to 3426(Chennai 102) East

For a 1,000 sq.ft plot at the current rate of Rs 12,600 per sq.ft, the guideline value amounts to Rs 1,26,00,000. The stamp duty at 7% would be Rs 8,82,000, and the registration fee at 2% would be Rs 2,52,000, totaling Rs 11,34,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers H- Block, 5th Main Road 3417 to 3426(Chennai 102) East?

The H- Block, 5th Main Road 3417 to 3426(Chennai 102) East falls under the jurisdiction of 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 information.

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

The guideline value plays a crucial role in property transactions in Periakudal. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating the sale price, as it influences the stamp duty and registration fees applicable during the transaction.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fee, which are mandatory costs that must be paid at the time of registration. This ensures that the transaction is officially recorded and that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value for H- Block, 5th Main Road 3417 to 3426(Chennai 102) East?

The current guideline value for H- Block, 5th Main Road 3417 to 3426(Chennai 102) East is Rs 12,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 7,705 per sq.ft in 2017 to Rs 12,600 per sq.ft in 2024, reflecting significant increases in the revisions of 2023 and 2024.

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

For a property valued at Rs 1,26,00,000, the stamp duty would be Rs 8,82,000, and the registration fee would be Rs 2,52,000, totaling Rs 11,34,000.

Which Sub Registrar Office is responsible for this property?

The AnnaNagar Sub Registrar Office covers H- Block, 5th Main Road 3417 to 3426(Chennai 102) East, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for H- Block, 5th Main Road 3417 to 3426(Chennai 102) East?

The land classification for this area is Mixed Type - III, indicating a mix of residential and commercial properties.