Guideline Value for H Block East 4th Street

H Block East 4th Street guideline value

The current guideline value of H Block East 4th Street in Mullam village is Rs 11,500 per sq.ft, effective from 1 July 2024. This street falls under the AnnaNagar SRO and is classified as Residential Special Type - II.

How the guideline value of H Block East 4th Street has changed

The guideline value for H Block East 4th Street has seen several revisions over the years. The earliest recorded figure is from 2007, which was Rs 10,000 per sq.ft. This increased to Rs 10,500 per sq.ft in 2012, but then dropped to Rs 7,035 per sq.ft in 2017. Following this, the value rose significantly to Rs 10,500 per sq.ft in 2023, and most recently to Rs 11,500 per sq.ft in 2024.

From 2017 to 2023, the guideline value increased by 49%, while the jump from 2023 to 2024 was 10%. The overall change from 2007 to 2024 reflects a 15% increase. It is worth noting that the register does not contain figures for the years 2002 and 2003 for this street.

Guideline values in Mullam

In Mullam, there are 119 streets under the AnnaNagar SRO that have 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, which is equal to the current guideline value of H Block East 4th Street.

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

Stamp duty and registration fee for property in H Block East 4th Street

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

Which Sub Registrar Office covers H Block East 4th Street?

The H Block East 4th Street 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 an essential factor in property transactions, as it determines the amount of stamp duty and registration fees payable when buying or selling property. This value serves as a benchmark for the government to assess the transaction and ensure that the appropriate taxes are collected.

When engaging in a property transaction in Mullam, it is crucial to be aware of the current guideline value for the specific street. This value can impact the overall cost of the transaction, including the additional fees that buyers and sellers need to consider.

Frequently asked questions

What is the current guideline value of H Block East 4th Street?

The current guideline value of H Block East 4th Street 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 several times, starting from Rs 10,000 per sq.ft in 2007, increasing to Rs 10,500 in 2012, dropping to Rs 7,035 in 2017, then rising to Rs 10,500 in 2023, and finally reaching Rs 11,500 in 2024.

What are the other streets in Mullam with their guideline values?

Other streets in Mullam include H Block East 5th Street at Rs 11,500 per sq.ft, H-Block, Ist Main Road at Rs 12,600 per sq.ft, H-Block, 5th Main Road at Rs 12,600 per sq.ft, H-Block, 3rd Avenue at Rs 15,900 per sq.ft, H-Block - 2nd Street at Rs 11,500 per sq.ft, and H-Block, 2nd main road at Rs 12,600 per sq.ft.

How is stamp duty calculated for properties in H Block East 4th Street?

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 1,15,00,000, the stamp duty would be Rs 8,05,000.

Which Sub Registrar Office covers H Block East 4th Street?

The AnnaNagar Sub Registrar Office covers H Block East 4th Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.