Guideline Value for H-Block, 4th Main Road, 3467, 3478,3487, Chennai-102 East

H-Block, 4th Main Road, 3467, 3478,3487, Chennai-102 East guideline value

The current guideline value for H-Block, 4th Main Road, 3467, 3478,3487, Chennai-102 East is Rs 12,600 per sq.ft, effective from 1 July 2024. This property is located in Periakudal village under the AnnaNagar SRO and falls under the Mixed Type - III land classification.

How the guideline value of H-Block, 4th Main Road, 3467, 3478,3487, Chennai-102 East has changed

The guideline value for this property has seen several revisions over the years. The 2017 revision recorded a value of Rs 7,705 per sq.ft, which increased to Rs 11,500 per sq.ft in the 2023 revision, marking a significant rise of 49%. The latest revision in 2024 has further increased this value to Rs 12,600 per sq.ft, reflecting a 10% increase from the previous year.

Prior to the 2017 revision, the 2012 revision also recorded a value of Rs 11,500 per sq.ft, while the 2007 revision was Rs 11,000 per sq.ft, showing a modest increase of 5%. However, the 2012 to 2017 period saw a decrease of 33%. The register has no figures for the years 2002 and 2003 for this street.

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, 4th Main Road is above this median, indicating a higher valuation compared to many other streets in the area.

• H- Block, 3rd Avenue, 3642. (14 Shops) 3644,3645A,B,C (Mosque): Rs 15,900 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, 2nd Street: Rs 11,000 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, 4th Main Road, 3467, 3478,3487, 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, bringing the total to Rs 11,34,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers H-Block, 4th Main Road, 3467, 3478,3487, Chennai-102 East?

The H-Block, 4th Main Road, 3467, 3478,3487, Chennai-102 East is covered by the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the 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 during the registration of property transactions in Periakudal. It is used to determine the stamp duty and registration fees that must be paid, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the parties involved must consider the guideline value as it reflects the official valuation of the property. This value is essential for legal documentation and helps in maintaining transparency in property transactions.

Frequently asked questions

What is the current guideline value for H-Block, 4th Main Road?

The current guideline value for H-Block, 4th Main Road, 3467, 3478,3487, 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 11,500 per sq.ft in 2023, and then to Rs 12,600 per sq.ft in 2024. Notably, there was a 49% increase from 2017 to 2023 and a 10% increase from 2023 to 2024.

What is the land classification for this property?

The land classification for H-Block, 4th Main Road, 3467, 3478,3487, Chennai-102 East is Mixed Type - III.

Where can I find the AnnaNagar Sub Registrar Office?

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

How is 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 1,000 sq.ft property at the current guideline value, the total stamp duty and registration fees can be significant.