Guideline Value for W Block, Streets

W Block, Streets guideline value

The current guideline value for W Block, Streets in Periakudal village, under the AnnaNagar SRO, is Rs 11,500 per sq.ft as per the 2024 revision effective from 1 July 2024. This area is classified as Residential Special Type - I.

How the guideline value of W Block, Streets has changed

The guideline value for W Block, Streets has undergone several revisions over the years. In the 2007 revision, the value was Rs 10,000 per sq.ft. It then increased to Rs 10,500 per sq.ft in 2012, followed by a decrease to Rs 7,035 per sq.ft in 2017. The value saw a significant rise to Rs 10,500 per sq.ft in 2023, and the latest revision in 2024 set it at Rs 11,500 per sq.ft. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, there was an increase of 49%, while the value decreased by 33% from 2012 to 2017. Between 2007 and 2012, the value rose by 5%. Overall, from 2007 to 2024, the guideline value has increased by 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 a median value of Rs 11,500 per sq.ft. The guideline value for W Block, Streets is equal to this median.

• W- Block, 3rd Avenue, C-12 to C-19, S.B. Kalyana Mandapam, D.K. Kalyana Mandapam, TNSC Bank: Rs 15,900 per sq.ft (2024)
• V.O.C.Nagar, Main Road, G Block: Rs 12,600 per sq.ft (2024)
• 2nd Avenue 326 to 335, 995 A Block, B Block, C Block, D Block, E Block, G Block, H Block, I Block: Rs 15,900 per sq.ft (2024)
• 2nd Avenue F Block: Rs 15,900 per sq.ft (2024)
• Valliammal Science College (for Women): Rs 14,800 per sq.ft (2024)
• Valliammal School: Rs 14,800 per sq.ft (2024)

Stamp duty and registration fee for property in W Block, Streets

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, bringing the total fees to Rs 10,35,000. It is important to note that the stamp duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers W Block, Streets?

The W Block, Streets area 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 plays a crucial role in property transactions in Periakudal. It serves as a benchmark for determining the minimum price at which properties can be registered. Buyers and sellers must be aware of the guideline value to ensure compliance with registration norms.

When a property is sold, the registration office uses the guideline value to calculate applicable duties and fees. This ensures that the transaction is recorded accurately and that the necessary taxes are paid based on the established guideline value.

Frequently asked questions

What is the current guideline value for W Block, Streets?

The current guideline value for W Block, Streets 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, marking an overall increase of 15% over the years.

What is the land classification for W Block, Streets?

The land classification for W Block, Streets is Residential Special Type - I.

Where is the AnnaNagar Sub Registrar Office located?

The AnnaNagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

How is stamp duty calculated for properties in W Block, Streets?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 1,15,00,000, the stamp duty would be Rs 8,05,000 at a rate of 7%.