Guideline Value for I Block, 10th Street

I Block, 10th Street guideline value

The current guideline value of I Block, 10th Street in Periakudal village is Rs 11,500 per sq.ft, effective from 1 July 2024. This property falls under the AnnaNagar SRO and is classified as Residential Special Type - I.

How the guideline value of I Block, 10th Street has changed

Over the years, the guideline value of I Block, 10th Street has seen several revisions. The 2007 revision set the value at Rs 10,000 per sq.ft, which increased to Rs 10,500 per sq.ft in 2012. However, the value dropped to Rs 7,035 per sq.ft in 2017. From 2017 to 2023, there was a significant increase of 49%, bringing the value to Rs 10,500 per sq.ft. The most recent revision in 2024 has set the guideline value at Rs 11,500 per sq.ft, marking a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. The overall change from the 2007 revision to the 2024 revision is an increase of 15%.

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 the median being Rs 11,500 per sq.ft. The guideline value for I Block, 10th Street aligns with this median.

• I Block, 11th Street: Rs 11,500 per sq.ft (2024)
• I- Block, 1st Avenue 216 B,C,D,E,217,358 to 367: Rs 15,400 per sq.ft (2024)
• I- Block, 1st Main Road: Rs 15,400 per sq.ft (2024)
• I-Block, 2nd Main Road,382 to 389, 812 to 817: Rs 12,600 per sq.ft (2024)
• I Block, 4th Street: Rs 11,500 per sq.ft (2024)
• I-Block, 9th Street: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in I Block, 10th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 11,500 per sq.ft, the total guideline value would be Rs 1,15,00,000. The stamp duty at 7% would amount to 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. 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 I Block, 10th Street?

The Sub Registrar Office that covers I Block, 10th 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 during the registration of property transactions in Periakudal. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation set by the government.

When buying or selling property, the guideline value helps determine the minimum price at which a property can be registered. This ensures transparency in property transactions and helps in maintaining a standard valuation across the region.

Frequently asked questions

What is the current guideline value for I Block, 10th Street?

The current guideline value for I Block, 10th 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, with various revisions in between. Notably, there was a significant increase of 49% from 2017 to 2023.

What is the land classification for I Block, 10th Street?

I Block, 10th Street is classified as Residential Special Type - I, which indicates its suitability for residential purposes.

Where can I find the Sub Registrar Office for I Block, 10th Street?

The Sub Registrar Office for I Block, 10th Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in Periakudal?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, at the current guideline value, the stamp duty would be Rs 8,05,000 for a 1,000 sq.ft plot.