Guideline Value for B-Block 4th Main Road

B-Block 4th Main Road guideline value

The current guideline value of B-Block 4th Main Road is Rs 12,600 per sq.ft, effective from 1 July 2024. This street is located in Mullam village under the AnnaNagar SRO, classified as Residential Special Type - I.

How the guideline value of B-Block 4th Main Road has changed

The guideline value for B-Block 4th Main Road has undergone several revisions over the years. The oldest recorded revision is from 2017, with a guideline value of Rs 7,705 per sq.ft. This figure increased to Rs 11,500 per sq.ft in the 2023 revision, marking a significant rise of 49%. The latest revision in 2024 has set the guideline value at Rs 12,600 per sq.ft, reflecting a 10% increase from the previous year.

For the years 2002, 2003, 2007, and 2012, the register has no figure for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Mullam

In Mullam, there are 119 streets under the AnnaNagar SRO that carry a 2024 guideline value, ranging from Rs 4,400 to Rs 15,900 per sq.ft. The median guideline value for these streets is Rs 11,500 per sq.ft, making the 2024 figure for B-Block 4th Main Road above this median.

• E-Block, 2nd main road: Rs 12,600 per sq.ft (2024)
• E- Block, 3rd Avenue: Rs 15,900 per sq.ft (2024)
• E-Block, 5th Main Road: Rs 12,600 per sq.ft (2024)
• E-Block - Streets: Rs 11,500 per sq.ft (2024)
• H-Block, 2nd main road: Rs 12,600 per sq.ft (2024)
• H-Block - 2nd Street: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in B-Block 4th Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 12,600 per sq.ft, the total guideline value amounts to Rs 1,26,00,000. The stamp duty at 7% would be Rs 8,82,000, while the registration fee at 2% would be Rs 2,52,000, leading to a total of Rs 11,34,000. It is important to note that the 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 accurate calculations.

Which Sub Registrar Office covers B-Block 4th Main Road?

The Sub Registrar Office that covers B-Block 4th Main Road is 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 Mullam

The guideline value is a critical factor in property transactions in Mullam, as it determines the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When purchasing property, the guideline value is used to calculate applicable stamp duty and registration fees, which are essential costs that must be factored into the overall transaction. This ensures that both parties are aware of the financial implications of the sale.

Frequently asked questions

What is the current guideline value of B-Block 4th Main Road?

The current guideline value of B-Block 4th Main Road is Rs 12,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 7,705 per sq.ft in 2017 to Rs 11,500 per sq.ft in 2023, and then to Rs 12,600 per sq.ft in 2024. The overall increase from 2017 to 2024 is 64%.

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

For a property valued at Rs 1,26,00,000, the stamp duty would be Rs 8,82,000 and the registration fee would be Rs 2,52,000, totaling Rs 11,34,000.

Which office handles registrations for B-Block 4th Main Road?

The AnnaNagar Sub Registrar Office handles registrations for B-Block 4th Main Road, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the minimum price for property registration and is essential for calculating stamp duty and registration fees. It ensures that all transactions comply with local regulations.