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Guideline Value for I- Block, 1st Avenue 216 B,C,D,E,217,358 to 367

₹15400/sq.ft.

The guideline value for I- Block, 1st Avenue 216 B,c,d,e,217,358 To 367 in Periakudal village (Annanagar SRO, Chennai zone) is Rs 15400 per sq.ft, effective 1 July 2024. It was Rs 14000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Periakudal

Village

AnnaNagar

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹15400 /sq.ft.
From 1-4-2023 ₹14000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹9380 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹14000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹13500 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 ( Near By Nolambur Eb Office )
044-29561062
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on I- Block, 1st Avenue 216 B,c,d,e,217,358 To 367

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I- Block, 1st Avenue 216 B,C,D,E,217,358 to 367 guideline value

The current guideline value for I- Block, 1st Avenue 216 B,C,D,E,217,358 to 367 is Rs 15,400 per sq.ft, effective from 1 July 2024. This property is located in Periakudal village and falls under the AnnaNagar SRO, classified as Commercial Class I Type - I.

How the guideline value of I- Block, 1st Avenue 216 B,C,D,E,217,358 to 367 has changed

The guideline value has seen several revisions over the years. In 2007, the value was Rs 13,500 per sq.ft, which increased to Rs 14,000 per sq.ft in 2012. However, it then decreased to Rs 9,380 per sq.ft in 2017. Following this, the value rose significantly to Rs 14,000 per sq.ft in 2023, and further increased to the current value of Rs 15,400 per sq.ft in 2024. The changes from 2012 to 2017 reflect a decrease of 33%, while the increase from 2017 to 2023 shows a rise of 49%. The most recent change from 2023 to 2024 is an increase of 10%.

The register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 14%.

Guideline values in Periakudal

In Periakudal, there are 101 streets under the AnnaNagar SRO that have 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 I- Block, 1st Avenue 216 B,C,D,E,217,358 to 367 is above this median.

Stamp duty and registration fee for property in I- Block, 1st Avenue 216 B,C,D,E,217,358 to 367

For a 1,000 sq.ft plot at the current guideline value of Rs 15,400 per sq.ft, the total guideline value would be Rs 1,54,00,000. The stamp duty at 7% would amount to Rs 10,78,000, and the registration fee at 2% would be Rs 3,08,000, making the total cost for these fees Rs 13,86,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers I- Block, 1st Avenue 216 B,C,D,E,217,358 to 367?

The I- Block, 1st Avenue 216 B,C,D,E,217,358 to 367 is covered by 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 is a crucial factor during the registration of property transactions in Periakudal. It serves as the minimum value for which properties can be registered and is used to calculate the applicable stamp duty and registration fees.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, reflecting the current market conditions as determined by the Registration Department. It is essential for buyers and sellers to be aware of these values to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value for I- Block, 1st Avenue 216 B,C,D,E,217,358 to 367?

The current guideline value for I- Block, 1st Avenue 216 B,C,D,E,217,358 to 367 is Rs 15,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 13,500 per sq.ft in 2007 to Rs 15,400 per sq.ft in 2024, reflecting an overall increase of 14%. Significant changes include a decrease to Rs 9,380 per sq.ft in 2017 and an increase of 49% to Rs 14,000 per sq.ft in 2023.

What is the registration office for this property?

The registration office for I- Block, 1st Avenue 216 B,C,D,E,217,358 to 367 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 for properties in Periakudal is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 1,54,00,000, the stamp duty would be Rs 10,78,000 at the rate of 7%.

What are the guideline values for other streets in Periakudal?

Other streets in Periakudal have varying guideline values. For instance, I Block, 11th Street has a guideline value of Rs 11,500 per sq.ft, while I Block, 1st Main Road also shares the same value as I- Block, 1st Avenue at Rs 15,400 per sq.ft.