Guideline Value for H-Block , 3rd Avenue

H-Block , 3rd Avenue guideline value

The current guideline value for H-Block , 3rd Avenue is Rs 15,900 per sq.ft, effective from 1 July 2024. This property is located in Mullam village under the AnnaNagar SRO, classified as Commercial Class I Type - I.

How the guideline value of H-Block , 3rd Avenue has changed

The guideline value for H-Block , 3rd Avenue has seen several revisions over the years. In 2007, the value was Rs 13,500 per sq.ft, which increased to Rs 14,500 per sq.ft in 2012. However, it then decreased to Rs 9,715 per sq.ft in 2017. Following this, there was a significant increase to Rs 14,500 per sq.ft in 2023, and the latest revision in 2024 set the value at Rs 15,900 per sq.ft. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, the value increased by 49%, while the jump from 2023 to 2024 was 10%. The overall change from 2007 to 2024 reflects an increase of 18%. These fluctuations illustrate the variations in the guideline value over time.

Guideline values in Mullam

Mullam village features a range of guideline values across its 119 streets, with the 2024 figures ranging from Rs 4,400 to Rs 15,900 per sq.ft. The median value for the village is Rs 11,500 per sq.ft, placing H-Block , 3rd Avenue above this median.

• H-Block - 2nd Street: Rs 11,500 per sq.ft (2024)
• H-Block, 2nd main road: Rs 12,600 per sq.ft (2024)
• H-Block, 5th Main Road: Rs 12,600 per sq.ft (2024)
• H Block East 4th Street: Rs 11,500 per sq.ft (2024)
• H Block East 5th Street: Rs 11,500 per sq.ft (2024)
• H-Block, Ist Main Road: Rs 12,600 per sq.ft (2024)

Stamp duty and registration fee for property in H-Block , 3rd Avenue

For a 1,000 sq.ft plot at the current rate of Rs 15,900 per sq.ft, the guideline value amounts to Rs 1,59,00,000. The stamp duty at 7% would be Rs 11,13,000, and the registration fee at 2% would be Rs 3,18,000, totaling Rs 14,31,000. 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 H-Block , 3rd Avenue?

The H-Block , 3rd Avenue falls under the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). For more information, you can find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Mullam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring compliance with the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of H-Block , 3rd Avenue?

The current guideline value of H-Block , 3rd Avenue is Rs 15,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 13,500 per sq.ft in 2007 to Rs 15,900 per sq.ft in 2024, reflecting an overall increase of 18% over the years.

What is the stamp duty rate for property in H-Block , 3rd Avenue?

The stamp duty rate for property transactions in H-Block , 3rd Avenue is 7% of the guideline value or the sale price, whichever is higher.

What registration office covers H-Block , 3rd Avenue?

The AnnaNagar Sub Registrar Office covers H-Block , 3rd Avenue, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

Where can I find more information about stamp duty and registration fees?

For more information about stamp duty and registration fees, you can use the stamp duty and registration fee calculator.