Guideline Value for H Block East 5th Street

H Block East 5th Street guideline value

The current guideline value of H Block East 5th Street is Rs 11,500 per sq.ft, effective from 1 July 2024. This street is located in Mullam village, under the AnnaNagar SRO, and is classified as Residential Special Type - II.

How the guideline value of H Block East 5th Street has changed

The guideline value for H Block East 5th Street has seen several revisions over the years. In 2007, the value was Rs 10,000 per sq.ft, which increased to Rs 10,500 per sq.ft in 2012. However, from 2012 to 2017, the value decreased to Rs 7,035 per sq.ft, marking a decline of 33%. The next revision in 2023 saw a significant increase to Rs 10,500 per sq.ft, followed by the current value of Rs 11,500 per sq.ft in 2024, reflecting a 10% rise from the previous year.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 15%.

Guideline values in Mullam

In Mullam village, 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, which matches the current guideline value for H Block East 5th Street.

• H Block East 4th 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 5th Street

For a 1,000 sq.ft plot at the current rate of Rs 11,500 per sq.ft, the guideline value amounts to Rs 1,15,00,000. The stamp duty at 7% would be 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. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers H Block East 5th Street?

The Sub Registrar Office that covers H Block East 5th Street 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 details.

How the guideline value is used when you buy or sell in Mullam

The guideline value is a crucial factor in the registration of property transactions in Mullam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is documented accurately and legally. This process helps maintain transparency in property dealings within the region.

Frequently asked questions

What is the current guideline value of H Block East 5th Street?

The current guideline value of H Block East 5th 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 from Rs 10,000 per sq.ft in 2007 to Rs 11,500 per sq.ft in 2024, with several revisions in between, including a notable increase from Rs 7,035 per sq.ft in 2017 to Rs 10,500 per sq.ft in 2023.

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

Other streets in Mullam under the AnnaNagar SRO have varying guideline values, with H Block East 4th Street and H-Block - 2nd Street both at Rs 11,500 per sq.ft, while H-Block, 3rd Avenue is at Rs 15,900 per sq.ft.

How is stamp duty calculated for properties in H Block East 5th Street?

Stamp duty for properties in H Block East 5th Street is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 10,35,000.

Where is the Sub Registrar Office for H Block East 5th Street located?

The Sub Registrar Office covering H Block East 5th Street is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.