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Guideline Value for Ist Avenue Block Plot No.F 217A B218 to 225. 225A.226A. 261. 262. 142 to 162

₹15400/sq.ft.

The guideline value for Ist Avenue Block Plot No.f 217a B218 To 225. 225a.226a. 261. 262. 142 To 162 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 Ist Avenue Block Plot No.f 217a B218 To 225. 225a.226a. 261. 262. 142 To 162

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Ist Avenue Block Plot No.F 217A B218 to 225. 225A.226A. 261. 262. 142 to 162 guideline value

The current guideline value for Ist Avenue Block Plot No.F 217A B218 to 225. 225A.226A. 261. 262. 142 to 162 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 Ist Avenue Block Plot No.F 217A B218 to 225. 225A.226A. 261. 262. 142 to 162 has changed

The guideline value for this plot has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 13,500 per sq.ft. In 2012, it changed to Rs 14,000 per sq.ft, showing an increase of 4%. However, in 2017, the value dropped to Rs 9,380 per sq.ft, a decrease of 33%. The 2023 revision marked a significant rise to Rs 14,000 per sq.ft, and the most recent 2024 revision increased it further to Rs 15,400 per sq.ft, reflecting a 10% increase from the previous year.

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

Guideline values in Periakudal

In Periakudal village, 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 Ist Avenue Block Plot No.F 217A B218 to 225. 225A.226A. 261. 262. 142 to 162 is above this median.

Stamp duty and registration fee for property in Ist Avenue Block Plot No.F 217A B218 to 225. 225A.226A. 261. 262. 142 to 162

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

Which Sub Registrar Office covers Ist Avenue Block Plot No.F 217A B218 to 225. 225A.226A. 261. 262. 142 to 162?

The Ist Avenue Block Plot No.F 217A B218 to 225. 225A.226A. 261. 262. 142 to 162 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 here.

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

The guideline value is a critical factor during the registration of property transactions in Periakudal. It serves as the basis for calculating the stamp duty and registration fees that buyers must pay when acquiring property.

When selling property, the guideline value helps determine the minimum value at which the property can be registered. This ensures that the property is not undervalued during the registration process, thereby protecting the interests of the state and the parties involved.

Frequently asked questions

What is the current guideline value for Ist Avenue Block Plot No.F 217A B218 to 225. 225A.226A. 261. 262. 142 to 162?

The current guideline value 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 several times, from Rs 13,500 per sq.ft in 2007 to Rs 15,400 per sq.ft in 2024, reflecting an overall increase of 14% over this period.

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 13,86,000, based on the current guideline value.

Which office handles the registration for this property?

The AnnaNagar Sub Registrar Office handles the registration for this property, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the significance of guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions, ensuring that properties are not undervalued and that the state receives its due revenue from the sale.