Guideline Value for I-Block, 9th Street

I-Block, 9th Street guideline value

The current guideline value of I-Block, 9th Street in Periakudal village is Rs 11,500 per sq.ft, effective from 1 July 2024. This street falls under the AnnaNagar SRO and is classified as Residential Special Type - I.

How the guideline value of I-Block, 9th Street has changed

In the 2012 revision, the guideline value was Rs 10,500 per sq.ft. This figure saw a decrease of 33% by the 2017 revision, bringing it down to Rs 7,035 per sq.ft. The value then increased significantly by 49% to Rs 10,500 per sq.ft in the 2023 revision. The most recent revision in 2024 has raised the guideline value by 10% to Rs 11,500 per sq.ft.

The register has no figures for the years 2002, 2003, and 2007 for this street. Thus, the changes noted are only between the revisions that have figures available.

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. The median guideline value is Rs 11,500 per sq.ft, which is equal to the current figure for I-Block, 9th Street.

• I Block, 4th Street: Rs 11,500 per sq.ft (2024)
• I-Block, 2nd Main Road,382 to 389, 812 to 817: Rs 12,600 per sq.ft (2024)
• I- Block, 1st Main Road: Rs 15,400 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, 11th 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 I-Block, 9th 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, totaling Rs 10,35,000. 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 I-Block, 9th Street?

The I-Block, 9th Street 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 in property transactions, as it determines the minimum value at which properties can be registered. When buying or selling property in Periakudal, this value is used to calculate the applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the guideline value, as it impacts the overall cost of the transaction. Ensuring compliance with these values during registration helps in avoiding legal complications in the future.

Frequently asked questions

What is the current guideline value of I-Block, 9th Street?

The current guideline value of I-Block, 9th 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 10,500 per sq.ft in 2012 to Rs 7,035 per sq.ft in 2017, then increased to Rs 10,500 per sq.ft in 2023, and finally rose to Rs 11,500 per sq.ft in 2024.

What is the land classification for I-Block, 9th Street?

I-Block, 9th Street is classified as Residential Special Type - I under the AnnaNagar SRO.

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

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 1,15,00,000, the total fees would amount to Rs 10,35,000.

Which Sub Registrar Office should I visit for property transactions in I-Block, 9th Street?

The AnnaNagar Sub Registrar Office covers I-Block, 9th Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.