Guideline Value for E-Block, 2nd main road

E-Block, 2nd main road guideline value

The current guideline value for E-Block, 2nd main road in Mullam village is Rs 12,600 per sq.ft, effective from 1 July 2024. This property falls under the AnnaNagar SRO and is classified as Residential Special Type - I.

How the guideline value of E-Block, 2nd main road has changed

The guideline value for E-Block, 2nd main road has seen several revisions over the years. In 2007, the value was Rs 11,000 per sq.ft, which increased to Rs 11,500 per sq.ft in 2012. However, it then decreased to Rs 7,705 per sq.ft in 2017. The value rose significantly to Rs 11,500 per sq.ft in 2023, and the latest revision in 2024 set it at Rs 12,600 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 15%. The revisions for 2002 and 2003 do not have figures recorded for this street.

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 value is Rs 11,500 per sq.ft, placing E-Block, 2nd main road above this median.

• 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)
• H-Block, 3rd Avenue: Rs 15,900 per sq.ft (2024)

Stamp duty and registration fee for property in E-Block, 2nd 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, and the registration fee at 2% would be Rs 2,52,000, resulting in 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 more detailed calculations.

Which Sub Registrar Office covers E-Block, 2nd main road?

The E-Block, 2nd 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 Mullam

The guideline value is a crucial factor during the registration of property in Mullam. It serves as the basis for calculating stamp duty and registration fees, which are mandatory when transferring property ownership.

When you buy or sell property, the guideline value ensures that the transaction is recorded accurately, reflecting the official valuation of the property. This helps in maintaining transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of E-Block, 2nd main road?

The current guideline value of E-Block, 2nd 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 11,000 per sq.ft in 2007 to Rs 12,600 per sq.ft in 2024, with various revisions in between, including a significant increase from Rs 7,705 per sq.ft in 2017 to Rs 11,500 per sq.ft in 2023.

What is the land classification for E-Block, 2nd main road?

E-Block, 2nd main road is classified as Residential Special Type - I under the guideline value register.

How is stamp duty calculated for properties in E-Block?

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 1,26,00,000, the stamp duty would be Rs 8,82,000.

Which office handles the registration for E-Block, 2nd main road?

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