Guideline Value for E-Block, 5th Main Road

E-Block, 5th Main Road guideline value

The current guideline value for E-Block, 5th 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, 5th Main Road has changed

Over the years, the guideline value for E-Block, 5th Main Road has seen several revisions. The 2017 revision set the value at Rs 7,705 per sq.ft, which was a decrease of 33% from the previous 2012 revision of Rs 11,500 per sq.ft. Following this, the 2023 revision increased the guideline value to Rs 11,500 per sq.ft, marking a significant rise of 49% compared to 2017. The most recent revision in 2024 has further increased the value to Rs 12,600 per sq.ft, reflecting a 10% increase from the 2023 figure.

There are no figures available for the revisions in 2002 and 2003 for this street. The guideline values from earlier revisions include Rs 11,000 per sq.ft in 2007 and Rs 11,500 per sq.ft in 2012. Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 15%.

Guideline values in Mullam

Mullam village has a range of guideline values for its 119 streets under the AnnaNagar SRO, with figures for 2024 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, 5th Main Road above this median.

• E-Block - Streets: Rs 11,500 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, 5th 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 would be Rs 1,26,00,000. The stamp duty at 7% would amount to Rs 8,82,000, while the registration fee at 2% would be Rs 2,52,000, bringing the total fees together to 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, 5th Main Road?

The E-Block, 5th 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 plays a crucial role in the registration process of property transactions in Mullam. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

It is essential for buyers and sellers to be aware of the current guideline value as it directly impacts the overall cost of the transaction. This ensures transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value for E-Block, 5th Main Road?

The current guideline value for E-Block, 5th 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 12,600 per sq.ft in 2024, reflecting significant increases over the years.

What is the land classification for E-Block, 5th Main Road?

E-Block, 5th Main Road is classified as Residential Special Type - I under the AnnaNagar SRO.

What are the stamp duty and registration fees for property in E-Block?

For a 1,000 sq.ft plot, the total stamp duty would be Rs 8,82,000 and the registration fee would be Rs 2,52,000, totaling Rs 11,34,000.

Which Sub Registrar Office covers E-Block, 5th Main Road?

The AnnaNagar Sub Registrar Office covers E-Block, 5th Main Road, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.