Guideline Value for E-Block - Streets

E-Block - Streets guideline value

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

How the guideline value of E-Block - Streets has changed

The guideline value for E-Block - Streets has seen several revisions over the years. The 2017 revision set the value at Rs 7,035 per sq.ft, which increased to Rs 10,500 per sq.ft in 2023. The most recent revision in 2024 raised it further to Rs 11,500 per sq.ft, marking a 10% increase from the previous year. Notably, there are no figures available for the years 2002 and 2003 for this street.

Looking back further, the 2012 revision also recorded a value of Rs 10,500 per sq.ft, while the 2007 revision was Rs 10,000 per sq.ft. The change from 2007 to 2012 was an increase of 5%, followed by a significant drop of 33% from 2012 to 2017. Overall, from 2007 to 2024, the guideline value has increased by 15%.

Guideline values in Mullam

Mullam village has a total of 119 streets under the AnnaNagar SRO, with the 2024 guideline values ranging from Rs 4,400 to Rs 15,900 per sq.ft. The median value for these streets is Rs 11,500 per sq.ft, which aligns with the current value for E-Block - Streets.

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

Stamp duty and registration fee for property in E-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 would be Rs 1,15,00,000. The stamp duty at 7% would amount to Rs 8,05,000, and the registration fee at 2% would be Rs 2,30,000, totaling Rs 10,35,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers E-Block - Streets?

The E-Block - Streets falls under the jurisdiction of 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 Mullam

The guideline value is a crucial factor during property registration in Mullam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these charges are based on a standardized value set by the government.

When buying or selling property, the guideline value helps to determine the minimum price at which a property can be registered. This ensures transparency and fairness in property transactions, as it reflects the official value assigned to the property based on its location and classification.

Frequently asked questions

What is the current guideline value for E-Block - Streets?

The current guideline value for E-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 7,035 per sq.ft in 2017 to Rs 10,500 per sq.ft in 2023, and then to Rs 11,500 per sq.ft in 2024. There were also revisions in 2012 and 2007, with various percentage changes noted.

Where can I find the registration office for E-Block - Streets?

The registration office for E-Block - Streets is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the stamp duty rate for property in E-Block - Streets?

The stamp duty rate for property in E-Block - Streets is 7% of the guideline value or the sale price, whichever is higher.

What is the significance of the guideline value?

The guideline value is used to determine the minimum price for property registration and helps in calculating the applicable stamp duty and registration fees, ensuring a standardized approach to property transactions.