Guideline Value for K-Blcck, Ist Main Road,

K-Blcck, Ist Main Road, guideline value

The current guideline value of K-Blcck, Ist Main Road, 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 K-Blcck, Ist Main Road, has changed

The guideline value for K-Blcck, Ist Main Road, has undergone several revisions over the years. The earliest recorded revision was in 2007, with a value of Rs 13,500 per sq.ft. This was followed by a slight increase to Rs 14,000 per sq.ft in 2012, before dropping to Rs 9,380 per sq.ft in 2017. The value then significantly increased to Rs 14,000 per sq.ft in 2023, and finally to Rs 15,400 per sq.ft in 2024.

From 2017 to 2023, the guideline value increased by 49%. The transition from 2023 to 2024 saw a 10% increase. Overall, from 2007 to 2024, the guideline value has risen by 14%. 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. K-Blcck, Ist Main Road, is above this median value.

• Ist Avenue Block Plot No.F 217A B218 to 225. 225A.226A. 261. 262. 142 to 162: Rs 15,400 per sq.ft (2024)
• I-Block, 9th Street: Rs 11,500 per sq.ft (2024)
• 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)

Stamp duty and registration fee for property in K-Blcck, Ist Main Road,

For a 1,000 sq.ft plot at the current rate of Rs 15,400 per sq.ft, the guideline value amounts to 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 use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers K-Blcck, Ist Main Road,?

The K-Blcck, Ist Main Road, 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 is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Periakudal, the guideline value ensures that the transaction is recorded accurately and fairly, reflecting the current market conditions.

During the registration process, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This means that understanding the guideline value is essential for both buyers and sellers to ensure compliance with legal requirements.

Frequently asked questions

What is the current guideline value of K-Blcck, Ist Main Road?

The current guideline value of K-Blcck, Ist Main Road, 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 in 2007 to Rs 15,400 in 2024, with various revisions in between, including a drop to Rs 9,380 in 2017 and an increase to Rs 14,000 in 2023.

What is the classification of the land in K-Blcck, Ist Main Road?

The land in K-Blcck, Ist Main Road, is classified as Commercial Class I Type - I.

Where can I find the relevant Sub Registrar Office?

The relevant Sub Registrar Office for K-Blcck, Ist Main Road, is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in K-Blcck, Ist Main Road?

The stamp duty is calculated at 7% of 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.